Aparna Bawa Sells 554 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

Palo Alto Networks, Inc. (NASDAQ:PANW) Director Aparna Bawa sold 554 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $245.59, for a total transaction of $136,056.86. Following the completion of the transaction, the director now directly owns 2,690 shares in the company, valued at approximately $660,637.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Aparna Bawa also recently made the following trade(s):

• On Wednesday, August 23rd, Aparna Bawa sold 721 shares of Palo Alto Networks stock. The stock was sold at an average price of $236.75, for a total transaction of $170,696.75.

Palo Alto Networks Stock Down 2.3 %

Shares of NASDAQ PANW opened at $240.20 on Monday. The firm has a 50-day simple moving average of $236.34 and a 200-day simple moving average of $217.65. The stock has a market capitalization of $74.12 billion, a price-to-earnings ratio of 190.63, a price-to-earnings-growth ratio of 3.52 and a beta of 1.19. Palo Alto Networks, Inc. has a 52 week low of $132.22 and a 52 week high of $258.88.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Friday, August 18th. The network technology company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Palo Alto Networks had a net margin of 6.38% and a return on equity of 51.13%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Palo Alto Networks from $245.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Scotiabank boosted their target price on shares of Palo Alto Networks from $269.00 to $285.00 in a research report on Friday, June 30th. Bank of America boosted their target price on shares of Palo Alto Networks from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. StockNews.com initiated coverage on shares of Palo Alto Networks in a research report on Wednesday, August 23rd. They set a “hold” rating on the stock. Finally, Truist Financial boosted their target price on shares of Palo Alto Networks from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. Four research analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.71.

Institutional Investors Weigh In On Palo Alto Networks

A number of hedge funds have recently modified their holdings of PANW. American National Bank boosted its stake in Palo Alto Networks by 600.0% during the first quarter. American National Bank now owns 126 shares of the network technology company’s stock worth $25,000 after buying an additional 108 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Palo Alto Networks by 2,950.0% during the fourth quarter. Dark Forest Capital Management LP now owns 183 shares of the network technology company’s stock worth $26,000 after purchasing an additional 177 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks during the fourth quarter worth about $26,000. ST Germain D J Co. Inc. lifted its position in shares of Palo Alto Networks by 205.3% during the fourth quarter. ST Germain D J Co. Inc. now owns 63,353 shares of the network technology company’s stock worth $26,000 after purchasing an additional 42,600 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth about $26,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Palo Alto Networks Company Profile

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.