Mark D. Mclaughlin Sells 40,000 Shares of Palo Alto Networks Inc (PANW) Stock

Palo Alto Networks Inc (NYSE:PANW) Director Mark D. Mclaughlin sold 40,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $184.23, for a total transaction of $7,369,200.00. Following the sale, the director now directly owns 256,952 shares of the company’s stock, valued at $47,338,266.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mark D. Mclaughlin also recently made the following trade(s):

  • On Monday, October 1st, Mark D. Mclaughlin sold 40,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $226.50, for a total transaction of $9,060,000.00.
  • On Friday, September 14th, Mark D. Mclaughlin sold 40,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $235.24, for a total transaction of $9,409,600.00.

PANW opened at $183.80 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of -334.18, a P/E/G ratio of 12.94 and a beta of 1.22. Palo Alto Networks Inc has a 1-year low of $135.85 and a 1-year high of $239.50.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Thursday, September 6th. The network technology company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. The firm had revenue of $658.10 million during the quarter, compared to analysts’ expectations of $634.14 million. Palo Alto Networks had a negative net margin of 6.51% and a negative return on equity of 4.12%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. As a group, equities research analysts forecast that Palo Alto Networks Inc will post 0.61 EPS for the current year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. UBS Group increased their price objective on shares of Palo Alto Networks from $212.00 to $232.00 and gave the company a “neutral” rating in a research note on Friday, September 7th. Citigroup increased their price objective on shares of Palo Alto Networks from $237.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Royal Bank of Canada increased their target price on shares of Palo Alto Networks to $250.00 in a research report on Friday, September 7th. Finally, Evercore ISI reiterated a “buy” rating and set a $270.00 target price on shares of Palo Alto Networks in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $240.94.

A number of institutional investors and hedge funds have recently bought and sold shares of PANW. Banco de Sabadell S.A bought a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $103,000. CIBC Private Wealth Group LLC boosted its stake in shares of Palo Alto Networks by 2,475.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 515 shares of the network technology company’s stock valued at $106,000 after purchasing an additional 495 shares during the last quarter. First Manhattan Co. bought a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $106,000. Price Capital Management Inc. bought a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $113,000. Finally, LeJeune Puetz Investment Counsel LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $123,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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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.

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