Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) Director Aparna Bawa sold 345 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $290.17, for a total transaction of $100,108.65. Following the completion of the transaction, the director owned 7,359 shares of the company’s stock, valued at approximately $2,135,361.03. This trade represents a 4.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Aparna Bawa also recently made the following trade(s):
- On Friday, June 12th, Aparna Bawa sold 536 shares of Palo Alto Networks stock. The stock was sold at an average price of $280.00, for a total value of $150,080.00.
- On Thursday, June 11th, Aparna Bawa sold 555 shares of Palo Alto Networks stock. The stock was sold at an average price of $270.00, for a total value of $149,850.00.
- On Wednesday, June 10th, Aparna Bawa sold 377 shares of Palo Alto Networks stock. The stock was sold at an average price of $265.00, for a total value of $99,905.00.
Palo Alto Networks Stock Performance
NASDAQ:PANW opened at $285.26 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $232.49 billion, a PE ratio of 233.82, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94. The firm has a 50-day moving average price of $235.79 and a 200 day moving average price of $194.68.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Princeton Capital Management LLC grew its holdings in Palo Alto Networks by 3.4% during the third quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock valued at $310,000 after purchasing an additional 50 shares during the period. South Plains Financial Inc. raised its stake in shares of Palo Alto Networks by 1.0% in the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after buying an additional 50 shares during the period. Fayez Sarofim & Co grew its stake in shares of Palo Alto Networks by 1.2% during the 3rd quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after acquiring an additional 50 shares during the period. Certified Advisory Corp increased its holdings in Palo Alto Networks by 0.3% in the 3rd quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after acquiring an additional 51 shares during the last quarter. Finally, GSG Advisors LLC raised its stake in Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock valued at $2,010,000 after acquiring an additional 51 shares during the period. 79.82% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Guggenheim cut Palo Alto Networks from a “neutral” rating to a “reduce” rating in a report on Wednesday, May 27th. Robert W. Baird set a $320.00 price target on Palo Alto Networks in a report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 price target on Palo Alto Networks in a research note on Wednesday, June 3rd. Benchmark increased their price objective on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Truist Financial lifted their target price on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $306.59.
Get Our Latest Stock Report on Palo Alto Networks
Palo Alto Networks Company Profile
Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.
The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.
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