Palo Alto Networks Inc (PANW) Files Form 4 Insider Selling : Daniel J Warmenhoven Sells 1,950 Shares

Palo Alto Networks Inc (PANW): Daniel J Warmenhoven , director of Palo Alto Networks Inc sold 1,950 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $151.00 per share for a total value of $294,450.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Rene Bonvanie (Chief Marketing Officer) sold 12,339 shares at $150.00 per share price.On Sep 16, 2016, Daniel J Warmenhoven (director) sold 1,950 shares at $150.00 per share price.Also, On Sep 16, 2016, Nir Zuk (CTO) sold 76,848 shares at $150.13 per share price.On Sep 7, 2016, Mark D Mclaughlin (Chief Executive Officer) sold 26,423 shares at $144.29 per share price.

Shares of Palo Alto Networks Inc (PANW) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -0.44% at $150.07 with 9,48,547 shares getting traded. Post opening the session at $151, the shares hit an intraday low of $150.032 and an intraday high of $151.975 and the price vacillated in this range throughout the day. The company has a market cap of $13,634 M and the number of outstanding shares has been calculated to be 9,08,50,457 shares. The 52-week high of Palo Alto Networks Inc is $194.728 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 Resumed by Wunderlich to Buy and the brokerage firm has set the Price Target at $190. The Rating was issued on Sep 13, 2016.Palo Alto Networks Inc is Initiated by Rosenblatt to Buy. The Rating was issued on Sep 12, 2016.Palo Alto Networks Inc is Downgraded by Raymond James to Outperform while Lowering the Price Target of the company shares to $ 165 from a previous price target of $180 . Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Aug 31, 2016.Palo Alto Networks Inc is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 185 from a previous price target of $215 . The Rating was issued on Aug 31, 2016.Palo Alto Networks Inc is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 175 from a previous price target of $185 . The Rating was issued on Aug 31, 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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