Nir Zuk Sells 100,000 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $193.36, for a total transaction of $19,336,000.00. Following the sale, the executive vice president now owns 3,343,516 shares of the company's stock, valued at $646,502,253.76. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nir Zuk also recently made the following trade(s):

• On Friday, April 11th, Nir Zuk sold 100,000 shares of Palo Alto Networks stock. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00.

Palo Alto Networks Stock Up 1.3%

PANW stock traded up $2.49 during midday trading on Friday, hitting $199.60. The company's stock had a trading volume of 3,304,756 shares, compared to its average volume of 5,524,412. The stock's 50-day moving average price is $180.48 and its 200 day moving average price is $185.09. Palo Alto Networks, Inc. has a 1 year low of $142.01 and a 1 year high of $208.39. The stock has a market cap of $133.09 billion, a price-to-earnings ratio of 112.45, a PEG ratio of 5.64 and a beta of 0.97.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $0.66 EPS. The company's revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PANW shares. TD Securities reiterated a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Guggenheim reissued a "sell" rating and issued a $130.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, KeyCorp reissued an "overweight" rating and issued a $220.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price of $208.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Transce3nd LLC purchased a new stake in Palo Alto Networks in the 4th quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL raised its position in shares of Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after buying an additional 55 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in Palo Alto Networks by 265.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 106 shares during the period. Capital Advisors Ltd. LLC raised its position in Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Anchor Investment Management LLC grew its holdings in Palo Alto Networks by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company's stock worth $28,000 after acquiring an additional 78 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

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.