Palo Alto Networks Inc. (NYSE:PANW) has earned an average rating of “Buy” from the forty-two research firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $179.15.

Several equities analysts recently issued reports on the company. Cleveland Research cut Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 10th. Vetr cut Palo Alto Networks from a “strong-buy” rating to a “buy” rating and set a $138.42 price objective on the stock. in a research report on Monday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $185.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, August 17th. Barclays PLC set a $184.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research report on Friday, August 19th. Finally, Nomura reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, August 24th.

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Shares of Palo Alto Networks (NYSE:PANW) opened at 141.51 on Friday. The stock’s market capitalization is $12.71 billion. Palo Alto Networks has a 52-week low of $111.09 and a 52-week high of $194.73. The firm has a 50-day moving average price of $152.25 and a 200-day moving average price of $140.32.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Monday, November 21st. The network technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, analysts predict that Palo Alto Networks will post $2.78 EPS for the current year.

In other news, CEO Mark D. Mclaughlin sold 26,423 shares of Palo Alto Networks stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $144.29, for a total transaction of $3,812,574.67. Following the completion of the sale, the chief executive officer now directly owns 540,880 shares in the company, valued at $78,043,575.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Warmenhoven sold 1,950 shares of Palo Alto Networks stock in a transaction on Tuesday, November 1st. The stock was 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 of the company’s stock, valued at $81,487.50. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Palo Alto Networks by 63.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,800 shares of the network technology company’s stock valued at $1,447,000 after buying an additional 4,600 shares during the last quarter. Capstone Asset Management Co. increased its position in Palo Alto Networks by 23.2% in the second quarter. Capstone Asset Management Co. now owns 1,914 shares of the network technology company’s stock worth $235,000 after buying an additional 360 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Palo Alto Networks by 16.3% in the second quarter. Gateway Investment Advisers LLC now owns 46,631 shares of the network technology company’s stock worth $5,719,000 after buying an additional 6,536 shares in the last quarter. Franklin Street Advisors Inc. NC increased its position in Palo Alto Networks by 141.6% in the second quarter. Franklin Street Advisors Inc. NC now owns 19,977 shares of the network technology company’s stock worth $2,450,000 after buying an additional 11,707 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Palo Alto Networks by 0.8% in the second quarter. Gulf International Bank UK Ltd now owns 24,985 shares of the network technology company’s stock worth $3,064,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 82.82% 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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