Palo Alto Networks (NASDAQ:PANW) Stock Price Down 0.5% – Time to Sell?

Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) fell 0.5% on Tuesday . The company traded as low as $370.70 and last traded at $371.90. 346,406 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 4,049,472 shares. The stock had previously closed at $373.91.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PANW shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palo Alto Networks from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Palo Alto Networks from $340.00 to $365.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Northland Securities raised their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “market perform” rating in a report on Tuesday, August 20th. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 20th. Finally, KeyCorp raised their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $372.28.

Palo Alto Networks Trading Up 0.2 %

The business has a 50 day moving average price of $343.80 and a 200 day moving average price of $320.63. The company has a market capitalization of $121.26 billion, a P/E ratio of 54.06, a PEG ratio of 5.26 and a beta of 1.13.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $0.80 EPS. Palo Alto Networks’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that Palo Alto Networks, Inc. will post 3.56 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $323.41, for a total transaction of $64,682.00. Following the completion of the transaction, the chief accounting officer now owns 24,782 shares of the company’s stock, valued at $8,014,746.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $295.93, for a total transaction of $17,755,800.00. Following the completion of the transaction, the executive vice president now owns 159,009 shares of the company’s stock, valued at $47,055,533.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 200 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $323.41, for a total value of $64,682.00. Following the completion of the sale, the chief accounting officer now directly owns 24,782 shares of the company’s stock, valued at approximately $8,014,746.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 269,866 shares of company stock worth $88,620,447. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Palo Alto Networks

Several large investors have recently made changes to their positions in PANW. Fisher Asset Management LLC raised its stake in Palo Alto Networks by 7.2% in the 4th quarter. Fisher Asset Management LLC now owns 1,806 shares of the network technology company’s stock valued at $533,000 after acquiring an additional 121 shares during the period. HighPoint Advisor Group LLC bought a new stake in Palo Alto Networks in the 4th quarter valued at $1,740,000. Kapitalo Investimentos Ltda bought a new stake in Palo Alto Networks in the 4th quarter valued at $60,000. Adirondack Trust Co. raised its stake in Palo Alto Networks by 25.0% in the 4th quarter. Adirondack Trust Co. now owns 505 shares of the network technology company’s stock valued at $157,000 after acquiring an additional 101 shares during the period. Finally, Trust Co. of Toledo NA OH raised its stake in Palo Alto Networks by 1.6% in the 1st quarter. Trust Co. of Toledo NA OH now owns 31,367 shares of the network technology company’s stock valued at $8,912,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.