Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) Director Aparna Bawa sold 632 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $318.67, for a total transaction of $201,399.44. Following the transaction, the director directly owned 6,727 shares of the company’s stock, valued at $2,143,693.09. This trade represents a 8.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Aparna Bawa also recently made the following trade(s):
- On Wednesday, July 1st, Aparna Bawa sold 290 shares of Palo Alto Networks stock. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60.
- On Monday, June 22nd, Aparna Bawa sold 345 shares of Palo Alto Networks stock. The shares were sold at an average price of $290.17, for a total transaction of $100,108.65.
- On Friday, June 12th, Aparna Bawa sold 536 shares of Palo Alto Networks stock. The shares were sold at an average price of $280.00, for a total transaction 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 Price Performance
Shares of Palo Alto Networks stock opened at $348.06 on Friday. The business’s fifty day moving average price is $255.09 and its 200 day moving average price is $200.36. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $358.10. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $283.67 billion, a P/E ratio of 285.30, a PEG ratio of 13.07 and a beta of 0.91.
Trending Headlines about Palo Alto Networks
Here are the key news stories impacting Palo Alto Networks this week:
- Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
- Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
- Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
- Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Palo Alto Networks by 1.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 98,971 shares of the network technology company’s stock valued at $33,751,000 after acquiring an additional 1,274 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Palo Alto Networks by 19.7% in the second quarter. Versant Capital Management Inc now owns 1,883 shares of the network technology company’s stock worth $642,000 after acquiring an additional 310 shares in the last quarter. Hilltop National Bank boosted its holdings in Palo Alto Networks by 1.4% in the second quarter. Hilltop National Bank now owns 5,749 shares of the network technology company’s stock valued at $1,961,000 after purchasing an additional 78 shares during the last quarter. First County Bank CT grew its stake in Palo Alto Networks by 1.0% during the 2nd quarter. First County Bank CT now owns 9,937 shares of the network technology company’s stock valued at $3,389,000 after purchasing an additional 98 shares in the last quarter. Finally, Roxbury Financial LLC grew its stake in Palo Alto Networks by 11.8% during the 2nd quarter. Roxbury Financial LLC now owns 950 shares of the network technology company’s stock valued at $324,000 after purchasing an additional 100 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Argus lifted their price target on shares of Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Wells Fargo & Company lifted their target price on shares of Palo Alto Networks from $325.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial increased their price target on Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Northland Securities raised their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $316.15.
Get Our Latest Stock Report on PANW
About Palo Alto Networks
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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