Palo Alto Networks Inc (PANW) Files Form 4 Insider Selling : Rene Bonvanie Sells 4,404 Shares

Palo Alto Networks Inc (PANW): Rene Bonvanie , Chief Marketing Officer of Palo Alto Networks Inc sold 4,404 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $148.98 per share for a total value of $656,085.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 23, 2016, Mark Anderson (President) sold 2,202 shares at $148.98 per share price.On Sep 23, 2016, Nir Zuk (CTO) sold 4,404 shares at $148.98 per share price.Also, On Sep 23, 2016, Steffan Tomlinson (Chief Financial Officer) sold 2,332 shares at $148.98 per share price.On Sep 23, 2016, Mark D Mclaughlin (Chief Executive Officer) sold 4,404 shares at $148.98 per share price.

Palo Alto Networks Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Palo Alto Networks Inc which led to swings in the share price. The shares opened for trading at $150.67 and hit $153.24 on the upside , eventually ending the session at $152.58, with a gain of 1.98% or 2.96 points. The heightened volatility saw the trading volume jump to 12,43,696 shares. The 52-week high of the share price is $194.728 and the company has a market cap of $13,862 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 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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Palo Alto Networks Inc - Is it time to Sell?

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