Key Points
- Palo Alto Networks director James Goetz sold 12,500 shares on Dec. 8 at an average price of $195.33 for proceeds of $2.44M, reducing his position by 14.26% to 75,184 shares (about $14.69M); the transaction was reported on an SEC Form 4.
- The company beat quarterly expectations with EPS of $0.93 versus $0.89 and revenue of $2.47B (up 15.7% YoY); the stock trades near $193 with a 12‑month range of $144.15–$223.61 and a PE of 122.13.
- Analyst sentiment is broadly positive — the consensus rating is Moderate Buy with an average price target of $225.09, and several firms recently raised targets (RBC $250, Barclays $230) while 30 analysts rate the stock a Buy.
Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) Director James Goetz sold 12,500 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $195.33, for a total value of $2,441,625.00. Following the completion of the sale, the director directly owned 75,184 shares of the company's stock, valued at approximately $14,685,690.72. The trade was a 14.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Palo Alto Networks Stock Down 1.0%
NASDAQ PANW opened at $192.96 on Thursday. The stock has a market capitalization of $134.49 billion, a PE ratio of 122.13, a price-to-earnings-growth ratio of 4.62 and a beta of 0.79. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $223.61. The company has a 50 day moving average price of $205.36 and a two-hundred day moving average price of $197.45.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $1.56 EPS. Palo Alto Networks's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.
Hedge Funds Weigh In On Palo Alto Networks
Several institutional investors and hedge funds have recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $25,000. Whipplewood Advisors LLC raised its stake in shares of Palo Alto Networks by 6,400.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company's stock valued at $27,000 after buying an additional 128 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Palo Alto Networks during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute acquired a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $29,000. Finally, Winch Advisory Services LLC increased its stake in Palo Alto Networks by 96.1% in the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock valued at $30,000 after acquiring an additional 73 shares during the period. 79.82% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Citigroup reaffirmed an "outperform" rating on shares of Palo Alto Networks in a research report on Monday, October 27th. Barclays raised their target price on shares of Palo Alto Networks from $215.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Palo Alto Networks in a research report on Monday. Royal Bank Of Canada upped their price target on shares of Palo Alto Networks from $232.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, November 12th. Finally, Sanford C. Bernstein boosted their price objective on Palo Alto Networks from $207.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, November 20th. Thirty research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $225.09.
View Our Latest Stock Report on Palo Alto Networks
Palo Alto Networks Company Profile
(
Get Free Report)
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
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