Palo Alto Networks Inc (PANW): Asheem Chandna , director of Palo Alto Networks Inc sold 15,000 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $141.75 per share for a total value of $2,118,836.75 according the SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.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 Initiated by Goldman to Buy. The Rating was issued on Mar 21, 2016.Palo Alto Networks Inc is Initiated by Bernstein to Outperform. The Rating was issued on Mar 11, 2016.
Currently the company Insiders own 4.8% of Palo Alto Networks Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -7.19%.Institutional Investors own 77.27% of Palo Alto Networks Inc shares.During last six month period, the net percent change held by insiders has seen a change of -2.67%.
Shares of Palo Alto Networks Inc (PANW) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -7.41 points or -5.01% at $140.44 with 23,21,434 shares getting traded. Post opening the session at $148.15, the shares hit an intraday low of $139.68 and an intraday high of $149.09 and the price vacillated in this range throughout the day. The company has a market cap of $12,411 M and the number of outstanding shares has been calculated to be 8,83,70,472 shares. The 52-week high of Palo Alto Networks Inc is $200.55 and the 52-week low is $111.0901.
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).