Palo Alto Networks, Inc. (NASDAQ:PANW – Get Rating) Director Aparna Bawa sold 555 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $184.59, for a total transaction of $102,447.45. Following the completion of the transaction, the director now directly owns 5,223 shares of the company’s stock, valued at approximately $964,113.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Palo Alto Networks Stock Down 0.3 %
PANW stock opened at $189.12 on Friday. The company’s 50-day simple moving average is $166.80 and its 200-day simple moving average is $162.54. 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 cap of $57.23 billion, a P/E ratio of 2,579.03, a PEG ratio of 5.04 and a beta of 1.16.
Institutional Investors Weigh In On Palo Alto Networks
Hedge funds have recently modified their holdings of the company. Ronald Blue Trust Inc. purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth about $28,000. Worth Asset Management LLC purchased a new stake in shares of Palo Alto Networks during the 1st quarter worth about $26,000. Covestor Ltd boosted its stake in shares of Palo Alto Networks by 61.8% during the 1st quarter. Covestor Ltd now owns 55 shares of the network technology company’s stock worth $35,000 after acquiring an additional 21 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth about $37,000. Finally, Salem Investment Counselors Inc. raised its position in shares of Palo Alto Networks by 1,071.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 82 shares of the network technology company’s stock worth $41,000 after purchasing an additional 75 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
About Palo Alto Networks
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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