Shares of Palo Alto Networks Inc (NYSE:PANW) fell 5.4% during trading on Thursday . The stock traded as low as $215.45 and last traded at $215.79. 1,749,756 shares were traded during trading, an increase of 38% from the average session volume of 1,264,476 shares. The stock had previously closed at $228.00.

Several research firms recently commented on PANW. Cowen began coverage on Palo Alto Networks in a report on Thursday. They set a “market perform” rating and a $230.00 target price on the stock. ValuEngine lowered Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Mizuho began coverage on Palo Alto Networks in a report on Tuesday, March 26th. They set a “buy” rating and a $285.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $268.45.

The stock has a market cap of $20.37 billion, a price-to-earnings ratio of -393.20, a P/E/G ratio of 10.18 and a beta of 0.84. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.31.

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 the consensus estimate of $0.05 by $0.20. The business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $682.32 million. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. Analysts forecast that Palo Alto Networks Inc will post 0.96 earnings per share for the current fiscal year.

In related news, Director Mark D. Mclaughlin sold 950 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $250.05, for a total value of $237,547.50. Following the completion of the sale, the director now owns 206,171 shares of the company’s stock, valued at $51,553,058.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jean Compeau sold 1,258 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $238.51, for a total value of $300,045.58. Following the completion of the sale, the insider now directly owns 22,578 shares of the company’s stock, valued at approximately $5,385,078.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,844 shares of company stock worth $58,586,545. Company insiders own 3.10% of the company’s stock.

Several large investors have recently bought and sold shares of PANW. Legal & General Group Plc increased its holdings in shares of Palo Alto Networks by 1.2% in the third quarter. Legal & General Group Plc now owns 471,811 shares of the network technology company’s stock valued at $106,280,000 after purchasing an additional 5,639 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Palo Alto Networks by 1.2% in the third quarter. Vanguard Group Inc now owns 7,709,183 shares of the network technology company’s stock valued at $1,736,571,000 after purchasing an additional 94,743 shares during the last quarter. BB&T Corp increased its holdings in shares of Palo Alto Networks by 15.9% in the fourth quarter. BB&T Corp now owns 5,230 shares of the network technology company’s stock valued at $985,000 after purchasing an additional 718 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Palo Alto Networks by 1,678.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 35,514 shares of the network technology company’s stock valued at $6,689,000 after purchasing an additional 33,517 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of Palo Alto Networks by 11.3% in the fourth quarter. IFM Investors Pty Ltd now owns 5,260 shares of the network technology company’s stock valued at $991,000 after purchasing an additional 533 shares during the last quarter.

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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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