Insider Trading Alert - Palo Alto Networks And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 1, 2013, 71 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $4.49 to $3,242,400,000.00.

Highlighted Stocks Traded by Insiders:

Palo Alto Networks (PANW) - FREE Research Report

Chandna Asheem who is Director at Palo Alto Networks sold 17,500 shares at $45.82 on Oct. 1, 2013. Following this transaction, the Director owned 204,098 shares meaning that the stake was reduced by 7.9% with the 17,500 share transaction.

The shares most recently traded at $46.50, up $0.68, or 1.46% since the insider transaction.

The average volume for Palo Alto Networks has been 891,600 shares per day over the past 30 days. Palo Alto Networks has a market cap of $3.3 billion and is part of the technology sector and computer hardware industry. Shares are down 12.95% year to date as of the close of trading on Tuesday.

Palo Alto Networks, Inc. operates a platform that allows enterprises, service providers, and government entities to secure their networks and safely enable various applications running on their networks. The company has a P/E ratio of 221.9. Currently there are 11 analysts that rate Palo Alto Networks a buy, no analysts rate it a sell, and 10 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on PANW - FREE

TheStreet Quant Ratings rates Palo Alto Networks as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Palo Alto Networks Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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