Investors Sell Palo Alto Networks (PANW) on Strength (PANW)

Traders sold shares of Palo Alto Networks Inc (NYSE:PANW) on strength during trading on Tuesday. $52.99 million flowed into the stock on the tick-up and $107.94 million flowed out of the stock on the tick-down, for a money net flow of $54.95 million out of the stock. Of all equities tracked, Palo Alto Networks had the 26th highest net out-flow for the day. Palo Alto Networks traded up $1.81 for the day and closed at $241.09

PANW has been the subject of several research analyst reports. Zacks Investment Research lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Northland Securities lowered Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $240.00 price objective for the company. in a research note on Tuesday, February 26th. UBS Group lifted their price objective on Palo Alto Networks from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, February 20th. Stifel Nicolaus lifted their price objective on Palo Alto Networks from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Finally, Wells Fargo & Co lifted their price target on Palo Alto Networks from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $268.42.

The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.31. The company has a market cap of $21.98 billion, a price-to-earnings ratio of -438.35, a PEG ratio of 10.53 and a beta of 0.85.



Palo Alto Networks (NYSE:PANW) last released its earnings results on Tuesday, February 26th. The network technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $682.32 million. During the same quarter in the previous year, the company posted $0.97 EPS. Palo Alto Networks’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities analysts anticipate that Palo Alto Networks Inc will post 0.96 earnings per share for the current year.

In related news, EVP Nir Zuk sold 30,000 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $217.66, for a total transaction of $6,529,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 4,500 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $242.37, for a total value of $1,090,665.00. Following the transaction, the executive vice president now owns 303,720 shares in the company, valued at approximately $73,612,616.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,044 shares of company stock worth $56,171,679. 3.10% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Financial Advocates Investment Management grew its holdings in shares of Palo Alto Networks by 65.2% during the 4th quarter. Financial Advocates Investment Management now owns 114 shares of the network technology company’s stock worth $43,000 after acquiring an additional 45 shares during the period. Brown Advisory Securities LLC grew its holdings in shares of Palo Alto Networks by 1.0% during the 4th quarter. Brown Advisory Securities LLC now owns 4,863 shares of the network technology company’s stock worth $891,000 after acquiring an additional 46 shares during the period. CWM LLC grew its holdings in shares of Palo Alto Networks by 9.3% during the 1st quarter. CWM LLC now owns 543 shares of the network technology company’s stock worth $132,000 after acquiring an additional 46 shares during the period. Lido Advisors LLC grew its holdings in shares of Palo Alto Networks by 3.0% during the 4th quarter. Lido Advisors LLC now owns 1,634 shares of the network technology company’s stock worth $307,000 after acquiring an additional 48 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Palo Alto Networks by 0.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 13,699 shares of the network technology company’s stock worth $2,580,000 after acquiring an additional 49 shares during the period. Institutional investors own 80.88% of the company’s stock.

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Palo Alto Networks Company Profile (NYSE:PANW)

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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