Palo Alto Networks Inc (PANW) Files Form 4 Insider Selling : Mark D Mclaughlin Sells 35,000 Shares

Palo Alto Networks Inc (PANW): Mark D Mclaughlin , President & CEO of Palo Alto Networks Inc sold 35,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $150.62 per share for a total value of $5,260,706.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Apr 8, 2016, James J Goetz (director) sold 23,643 shares at $157.43 per share price.On Apr 5, 2016, Carl M. Eschenbach (director) sold 1,780 shares at $160.57 per share price.

Shares of Palo Alto Networks Inc (PANW) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -4.94 points or -3.36% at $142.07 with 17,91,177 shares getting traded. Post opening the session at $145.56, the shares hit an intraday low of $140.95 and an intraday high of $146.23 and the price vacillated in this range throughout the day. The company has a market cap of $12,555 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 Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 Initiated by Goldman to Buy. The Rating was issued on Mar 21, 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).

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Palo Alto Networks Inc - Is it time to Sell?

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