Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Palo Alto Networks Inc. (NYSE:PANW) in a research report released on Monday. They currently have a $184.00 price target on the network technology company’s stock.

Other equities analysts also recently issued reports about the company. Nomura restated a buy rating and issued a $200.00 price objective on shares of Palo Alto Networks in a report on Wednesday, August 24th. Vetr upgraded Palo Alto Networks from a hold rating to a buy rating and set a $152.42 target price on the stock in a report on Monday, August 22nd. Barclays PLC set a $184.00 target price on Palo Alto Networks and gave the company a buy rating in a report on Friday, August 19th. Maxim Group dropped their target price on Palo Alto Networks from $215.00 to $185.00 and set a buy rating on the stock in a report on Wednesday, August 31st. Finally, Wunderlich reiterated a buy rating and set a $190.00 target price on shares of Palo Alto Networks in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $180.06.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Shares of Palo Alto Networks (NYSE:PANW) opened at 136.26 on Monday. 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 $151.57 and a 200-day moving average price of $140.38. The stock’s market cap is $12.24 billion.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data 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. The company had revenue of $398.10 million for the quarter, compared to the consensus estimate of $400.20 million. Palo Alto Networks had a negative return on equity of 35.75% and a negative net margin of 16.83%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, analysts forecast that Palo Alto Networks will post $2.78 earnings per share for the current fiscal year.

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In other news, Director Daniel J. Warmenhoven sold 1,950 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $159.61, for a total value of $311,239.50. Following the completion of the transaction, the director now owns 530 shares in the company, valued at approximately $84,593.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Mark Anderson sold 17,945 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $139.56, for a total value of $2,504,404.20. Following the completion of the transaction, the president now owns 269,763 shares of the company’s stock, valued at approximately $37,648,124.28. The disclosure for this sale can be found here. Company insiders own 4.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. boosted its position in shares of Palo Alto Networks by 23.4% in the first quarter. Panagora Asset Management Inc. now owns 59,045 shares of the network technology company’s stock valued at $9,633,000 after buying an additional 11,195 shares during the last quarter. Integrated Investment Consultants LLC increased 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 period. New England Research & Management Inc. increased its stake in shares of Palo Alto Networks by 17.2% in the second quarter. New England Research & Management Inc. now owns 4,254 shares of the network technology company’s stock valued at $522,000 after buying an additional 625 shares during the period. Raymond James Trust N.A. increased its stake in shares of Palo Alto Networks by 4.2% in the second quarter. Raymond James Trust N.A. now owns 2,732 shares of the network technology company’s stock valued at $335,000 after buying an additional 110 shares during the period. Finally, Newman Dignan & Sheerar Inc. increased its stake in shares of Palo Alto Networks by 1.3% in the second quarter. Newman Dignan & Sheerar Inc. now owns 2,000 shares of the network technology company’s stock valued at $245,000 after buying an additional 25 shares during the period. Institutional investors own 87.20% 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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