Palo Alto Networks Inc. (NYSE:PANW) had its target price reduced by stock analysts at Barclays PLC from $200.00 to $175.00 in a research note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the network technology company’s stock. Barclays PLC’s price objective would indicate a potential upside of 25.28% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Wunderlich reiterated a “buy” rating and issued a $190.00 price objective on shares of Palo Alto Networks in a report on Tuesday, September 13th. Deutsche Bank AG restated a “hold” rating on shares of Palo Alto Networks in a report on Saturday, October 15th. Pacific Crest restated an “overweight” rating and set a $190.00 target price on shares of Palo Alto Networks in a report on Monday, August 29th. Cleveland Research cut Palo Alto Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Finally, BTIG Research restated a “buy” rating and set a $210.00 target price on shares of Palo Alto Networks in a report on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Palo Alto Networks presently has a consensus rating of “Buy” and a consensus price target 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 stock’s market capitalization is $12.54 billion. The stock has a 50 day moving average price of $153.01 and a 200 day moving average price of $140.31. Palo Alto Networks has a one year low of $111.09 and a one year high of $194.73.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Monday, November 21st. The network technology company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Palo Alto Networks had a negative return on equity of 35.75% and a negative net margin of 16.83%. The firm had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $400.20 million. During the same period last year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 34.0% on a year-over-year basis. Equities analysts forecast that Palo Alto Networks will post $2.78 earnings per share for the current year.

In related news, CFO Steffan Tomlinson sold 2,332 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $148.98, for a total transaction of $347,421.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. 4.80% of the stock is currently owned by insiders.

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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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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