Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin sold 40,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $207.78, for a total value of $8,311,200.00. Following the completion of the transaction, the director now owns 240,236 shares in the company, valued at $49,916,236.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of PANW stock opened at $210.19 on Thursday. The stock has a market capitalization of $20.21 billion, a PE ratio of 333.63, a P/E/G ratio of 19.09 and a beta of 0.94. Palo Alto Networks Inc has a 1-year low of $160.08 and a 1-year high of $260.63. The business has a 50-day moving average of $210.23 and a 200 day moving average of $222.19. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.78 and a quick ratio of 1.78.
Palo Alto Networks (NYSE:PANW) last issued its earnings results on Wednesday, September 4th. The network technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08). The company had revenue of $805.80 million for the quarter, compared to analysts’ expectations of $803.56 million. Palo Alto Networks had a negative net margin of 2.82% and a positive return on equity of 4.82%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. Analysts anticipate that Palo Alto Networks Inc will post 0.47 EPS for the current year.
A number of equities analysts have weighed in on PANW shares. Morgan Stanley set a $290.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Raymond James reduced their price objective on Palo Alto Networks from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, May 30th. Barclays reduced their price objective on Palo Alto Networks from $303.00 to $242.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Maxim Group increased their price objective on Palo Alto Networks from $304.00 to $316.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $265.00 price objective (down from $280.00) on shares of Palo Alto Networks in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $261.23.
Palo Alto Networks Company Profile
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.
Recommended Story: Does the discount rate affect the economy?
Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.