Palo Alto Networks Inc. (NYSE:PANW) had its price target cut by research analysts at JMP Securities from $180.00 to $175.00 in a note issued to investors on Tuesday. The firm currently has a “market outperform” rating on the network technology company’s stock. JMP Securities’ price objective indicates a potential upside of 25.28% from the stock’s previous close.

A number of other brokerages have also issued reports on PANW. Barclays PLC cut their target price on Palo Alto Networks from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday. RBC Capital Markets reissued an “outperform” rating and issued a $175.00 target price (down previously from $185.00) on shares of Palo Alto Networks in a research report on Wednesday, August 31st. Argus reissued a “buy” rating and issued a $205.00 target price on shares of Palo Alto Networks in a research report on Saturday, September 3rd. Piper Jaffray Cos. reissued an “overweight” rating and issued a $170.00 target price (up previously from $167.00) on shares of Palo Alto Networks in a research report on Wednesday, August 31st. Finally, Imperial Capital reissued an “outperform” rating and issued a $190.00 target price on shares of Palo Alto Networks in a research report on Thursday, September 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. Palo Alto Networks presently has a consensus rating of “Buy” and an average target price of $180.23.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Shares of Palo Alto Networks (NYSE:PANW) opened at 139.69 on Tuesday. The firm’s 50-day moving average price is $153.01 and its 200 day moving average price is $140.31. The company’s market cap is $12.54 billion. Palo Alto Networks has a 12 month low of $111.09 and a 12 month high of $194.73.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Monday, November 21st. The network technology company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $398.10 million for the quarter, compared to analyst estimates of $400.20 million. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. Equities research analysts anticipate that Palo Alto Networks will post $2.78 earnings per share for the current fiscal year.

In related news, Director Daniel J. Warmenhoven sold 1,950 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $153.75, for a total transaction of $299,812.50. Following the sale, the director now owns 530 shares in the company, valued at $81,487.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark D. Mclaughlin sold 26,423 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 540,880 shares in the company, valued at approximately $78,043,575.20. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. raised its stake 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 during the period. Ayalon Holdings Ltd. raised 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 worth $102,000 after buying an additional 440 shares during the period. Toronto Dominion Bank raised its stake in shares of Palo Alto Networks by 59.3% in the third quarter. Toronto Dominion Bank now owns 774 shares of the network technology company’s stock worth $123,000 after buying an additional 288 shares during the period. Integrated Investment Consultants LLC raised 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 worth $128,000 after buying an additional 65 shares during the period. Finally, Amica Retiree Medical Trust purchased a new stake in shares of Palo Alto Networks during the third quarter worth about $139,000. Hedge funds and other institutional investors own 82.82% of the company’s stock.

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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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