Palo Alto Networks Inc. (NYSE:PANW) has been assigned a consensus rating of “Buy” from the forty-two ratings firms that are presently covering the company. Seven research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $180.47.

PANW has been the subject of several recent research reports. Wunderlich restated a “buy” rating on shares of Palo Alto Networks in a report on Wednesday, July 6th. Nomura restated a “buy” rating and set a $200.00 target price on shares of Palo Alto Networks in a report on Wednesday, August 24th. Vetr upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $152.42 target price for the company in a report on Monday, August 22nd. Barclays PLC set a $184.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Friday, August 19th. Finally, Maxim Group dropped their target price on shares of Palo Alto Networks from $215.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, August 31st.

Shares of Palo Alto Networks (NYSE:PANW) traded up 0.03% during trading on Wednesday, hitting $148.51. 217,438 shares of the stock traded hands. The company’s 50 day moving average is $150.80 and its 200 day moving average is $139.20. Palo Alto Networks has a 52-week low of $111.09 and a 52-week high of $194.73. The firm’s market cap is $13.49 billion.

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

In other news, CEO Mark D. Mclaughlin sold 70,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was 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 in the company, valued at approximately $93,422,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nir Zuk sold 103,152 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $159.36, for a total value of $16,438,302.72. The disclosure for this sale can be found here. 4.80% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of PANW. Winslow Evans & Crocker Inc. increased its position in shares of Palo Alto Networks by 10.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 814 shares of the network technology company’s stock worth $100,000 after buying an additional 76 shares in the last quarter. Ayalon Holdings Ltd. boosted its stake in shares of Palo Alto Networks by 110.0% in the second quarter. Ayalon Holdings Ltd. now owns 840 shares of the network technology company’s stock valued at $102,000 after buying an additional 440 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Palo Alto Networks by 6.7% in the second quarter. Integrated Investment Consultants LLC now owns 1,040 shares of the network technology company’s stock valued at $128,000 after buying an additional 65 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Palo Alto Networks by 128.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,155 shares of the network technology company’s stock valued at $142,000 after buying an additional 649 shares during the last quarter. Finally, Wunderlich Capital Managemnt boosted its stake in shares of Palo Alto Networks by 83.7% in the second quarter. Wunderlich Capital Managemnt now owns 1,159 shares of the network technology company’s stock valued at $142,000 after buying an additional 528 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.

Palo Alto Networks Company Profile

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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