Palo Alto Networks Inc (PANW) Files Form 4 Insider Selling : Rene Bonvanie Sells 2,507 Shares

Palo Alto Networks Inc (PANW): Rene Bonvanie , Chief Marketing Officer of Palo Alto Networks Inc sold 2,507 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $143.99 per share for a total value of $360,982.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Mark Anderson (EVP of WW Field Ops) sold 3,761 shares at $143.99 per share price.On May 4, 2016, Mark D Mclaughlin (President & CEO) sold 35,000 shares at $150.62 per share price.Also, On Apr 13, 2016, Asheem Chandna (director) sold 15,000 shares at $141.75 per share price.On Apr 11, 2016, Nir Zuk (CTO) sold 30,000 shares at $151.89 per share price.

Palo Alto Networks Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Palo Alto Networks Inc which led to swings in the share price. The shares opened for trading at $140.41 and hit $142.48 on the upside , eventually ending the session at $141.76, with a gain of 1.83% or 2.55 points. The heightened volatility saw the trading volume jump to 13,27,064 shares. The 52-week high of the share price is $200.55 and the company has a market cap of $12,527 M . The 52-week low of the share price is at $111.0901.

Palo Alto Networks Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Palo Alto Networks Inc is Reiterated by Piper Jaffray to Overweight while Lowering the Price Target of the company shares to $ 180 from a previous price target of $208 . The Rating was issued on May 12, 2016.Palo Alto Networks Inc is Upgraded by Wunderlich to Buy and the brokerage firm has set the Price Target at $190. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 26, 2016.Palo Alto Networks Inc is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 215 from a previous price target of $214 .The Rating was issued on Apr 11, 2016.Palo Alto Networks Inc is Reiterated by UBS to Buy while Lowering the Price Target of the company shares to $ 180 from a previous price target of $186 . The Rating was issued on Apr 11, 2016.Palo Alto Networks Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 187 from a previous price target of $171 .The Rating was issued on Apr 5, 2016.

Palo Alto Networks Inc. is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall its Advanced Endpoint Protection and its Threat Intelligence Cloud. The Company’s Next-Generation Firewall delivers application user and content visibility and control as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Company’s Threat Intelligence Cloud provides central intelligence capabilities security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber-attacks. The Company’s PAN-OS operating system contains App-ID User-ID site-to-site virtual private network (VPN) remote access secure sockets layer (SSL) VPN and Quality-of-Service (QoS).

Leave a Reply

Palo Alto Networks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Palo Alto Networks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.