Palo Alto Networks Inc. (NYSE:PANW) received a $186.00 price target from DA Davidson in a report issued on Tuesday. The brokerage currently has a “buy” rating on the network technology company’s stock. DA Davidson’s target price suggests a potential upside of 33.15% from the stock’s current price.

Other research analysts have also issued reports about the company. Nomura restated a “buy” rating and issued a $200.00 target price on shares of Palo Alto Networks in a research note on Wednesday, August 24th. Vetr upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $152.42 price target on the stock in a research report on Monday, August 22nd. Barclays PLC set a $184.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research report on Friday, August 19th. Maxim Group lowered their price target on Palo Alto Networks from $215.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Finally, Wunderlich reiterated a “buy” rating and issued a $190.00 price target on shares of Palo Alto Networks in a research report on Wednesday, August 31st. Seven equities 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 to the company. The stock presently has an average rating of “Buy” and an average 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. Palo Alto Networks has a 12 month low of $111.09 and a 12 month high of $194.73. The firm has a 50-day moving average of $153.01 and a 200 day moving average of $140.31. The company’s market capitalization is $12.54 billion.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Monday, November 21st. The network technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business earned $398.10 million during the quarter, compared to analyst estimates of $400.20 million. Palo Alto Networks had a negative return on equity of 35.75% and a negative net margin of 16.83%. Palo Alto Networks’s revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts expect that Palo Alto Networks will post $2.78 earnings per share for the current fiscal year.

In related news, Director Carl M. Eschenbach sold 894 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $159.08, for a total transaction of $142,217.52. Following the sale, the director now owns 2,940 shares in the company, valued at approximately $467,695.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Mark Anderson sold 2,202 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $148.98, for a total value of $328,053.96. Following the sale, the president now owns 277,502 shares in the company, valued at approximately $41,342,247.96. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

A number of large investors have recently modified their holdings of the company. 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. increased its position 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 in the last quarter. Toronto Dominion Bank increased its position 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 in the last quarter. Integrated Investment Consultants LLC increased its position 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 in the last quarter. Finally, Amica Retiree Medical Trust acquired a new position in shares of Palo Alto Networks during the third quarter worth about $139,000. Institutional investors and hedge funds 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.

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