Palo Alto Networks Inc. (NYSE:PANW)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a report released on Saturday.

Other equities research analysts also recently issued research reports about the company. Wunderlich reiterated a “buy” rating on shares of Palo Alto Networks in a report on Wednesday, July 6th. Macquarie initiated coverage on Palo Alto Networks in a report on Friday, July 8th. They issued a “neutral” rating and a $139.00 price objective for the company. Citigroup Inc. dropped their price objective on Palo Alto Networks from $164.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 20th. Zacks Investment Research downgraded Palo Alto Networks from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 26th. Finally, Cleveland Research downgraded Palo Alto Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Palo Alto Networks currently has a consensus rating of “Buy” and a consensus price target of $181.48.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Shares of Palo Alto Networks (NYSE:PANW) opened at 150.49 on Friday. The stock’s market capitalization is $13.67 billion. Palo Alto Networks has a 1-year low of $111.09 and a 1-year high of $194.73. The stock’s 50 day moving average price is $150.45 and its 200-day moving average price is $139.71.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Tuesday, August 30th. The network technology company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The company earned $400.80 million during the quarter, compared to the consensus estimate of $389.90 million. Palo Alto Networks had a negative return on equity of 34.28% and a negative net margin of 16.39%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Palo Alto Networks will post $2.78 EPS for the current fiscal year.

In other Palo Alto Networks news, CEO Mark D. Mclaughlin sold 26,423 shares of Palo Alto Networks stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $144.29, for a total transaction of $3,812,574.67. Following the completion of the transaction, the chief executive officer now owns 540,880 shares in the company, valued at approximately $78,043,575.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark D. Mclaughlin sold 70,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $140.00, for a total value of $9,800,000.00. Following the transaction, the chief executive officer now owns 667,303 shares of the company’s stock, valued at approximately $93,422,420. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PANW. Capstone Asset Management Co. increased its position in shares of Palo Alto Networks by 0.5% in the third quarter. Capstone Asset Management Co. now owns 1,924 shares of the network technology company’s stock worth $307,000 after buying an additional 10 shares during the last quarter. Sigma Planning Corp boosted its stake in Palo Alto Networks by 0.5% in the second quarter. Sigma Planning Corp now owns 2,162 shares of the network technology company’s stock worth $265,000 after buying an additional 11 shares during the period. American Money Management LLC boosted its stake in Palo Alto Networks by 0.6% in the second quarter. American Money Management LLC now owns 3,375 shares of the network technology company’s stock worth $414,000 after buying an additional 20 shares during the period. Brinker Capital Inc. boosted its stake in Palo Alto Networks by 1.1% in the second quarter. Brinker Capital Inc. now owns 2,211 shares of the network technology company’s stock worth $271,000 after buying an additional 23 shares during the period. Finally, Newman Dignan & Sheerar Inc. boosted its stake in Palo Alto Networks by 1.3% in the second quarter. Newman Dignan & Sheerar Inc. now owns 2,000 shares of the network technology company’s stock worth $245,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 80.06% of the company’s stock.

About Palo Alto Networks

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.

5 Day Chart for NYSE:PANW

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