Palo Alto Networks Inc (PANW) Files Form 4 Insider Selling : Steffan Tomlinson Sells 2,332 Shares

Palo Alto Networks Inc (PANW): Steffan Tomlinson , Chief Financial Officer of Palo Alto Networks Inc sold 2,332 shares on Jun 21, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $127.10 per share for a total value of $296,401.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Mark D Mclaughlin (President & CEO) sold 4,404 shares at $127.10 per share price.On Jun 13, 2016, Carl M. Eschenbach (director) sold 1,334 shares at $135.98 per share price.Also, On May 24, 2016, Nir Zuk (CTO) sold 3,343 shares at $143.99 per share price.On May 24, 2016, Steffan Tomlinson (Chief Financial Officer) sold 2,655 shares at $143.99 per share price.

Shares of Palo Alto Networks Inc (PANW) ended Tuesday, Jun 21, 2016 session in red amid volatile trading. The shares closed down -1.29 points or -1.01% at $126.87 with 17,36,378 shares getting traded. Post opening the session at $127.57, the shares hit an intraday low of $125.935 and an intraday high of $128.46 and the price vacillated in this range throughout the day. The company has a market cap of $11,368 M and the number of outstanding shares has been calculated to be 8,96,02,652 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 Reiterated by Dougherty & Company to Buy while Lowering the Price Target of the company shares to $ 200 from a previous price target of $215 . The Rating was issued on May 27, 2016.Palo Alto Networks Inc is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 185 from a previous price target of $195 . The Rating was issued on May 27, 2016.Palo Alto Networks Inc is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 27, 2016.Palo Alto Networks Inc is Downgraded by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 150 from a previous price target of $210 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 27, 2016.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 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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