Palo Alto Networks, Inc. (NASDAQ:PANW – Get Rating) CAO Josh D. Paul sold 1,550 shares of Palo Alto Networks stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $185.00, for a total value of $286,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,125 shares of the company’s stock, valued at $5,758,125. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Palo Alto Networks Stock Performance
Shares of NASDAQ:PANW opened at $188.51 on Tuesday. The firm has a fifty day moving average of $153.63 and a 200 day moving average of $160.33. Palo Alto Networks, Inc. has a 52-week low of $132.22 and a 52-week high of $213.63. The firm has a market capitalization of $57.05 billion, a PE ratio of 2,570.71, a price-to-earnings-growth ratio of 5.12 and a beta of 1.17.
Institutional Trading of Palo Alto Networks
Institutional investors have recently added to or reduced their stakes in the business. RB Capital Management LLC boosted its holdings in shares of Palo Alto Networks by 19.9% during the first quarter. RB Capital Management LLC now owns 602 shares of the network technology company’s stock worth $375,000 after purchasing an additional 100 shares during the period. Morgens Waterfall Vintiadis & Co. Inc. purchased a new stake in shares of Palo Alto Networks during the first quarter worth about $6,910,000. United Bank boosted its holdings in shares of Palo Alto Networks by 11.7% during the first quarter. United Bank now owns 2,822 shares of the network technology company’s stock worth $1,757,000 after purchasing an additional 296 shares during the period. Yousif Capital Management LLC raised its stake in Palo Alto Networks by 13.6% in the first quarter. Yousif Capital Management LLC now owns 1,547 shares of the network technology company’s stock worth $963,000 after buying an additional 185 shares in the last quarter. Finally, Prudential PLC bought a new position in Palo Alto Networks in the first quarter worth about $1,022,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Palo Alto Networks Company Profile
Palo Alto Networks, Inc engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: the United States, Israel, and Other Countries. The company was founded by Nir Zuk in March 2005 and is headquartered in Santa Clara, CA.
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