Stifel Nicolaus set a $210.00 price target on Palo Alto Networks Inc. (NYSE:PANW) in a report released on Thursday. The firm currently has a buy rating on the network technology company’s stock.

Several other equities analysts have also recently weighed in on PANW. 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 target for the company. in a research report on Monday, August 15th. Morgan Stanley reiterated an overweight rating and issued a $185.00 price target on shares of Palo Alto Networks in a research report on Wednesday, August 17th. 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. Finally, Nomura reiterated a buy rating and issued a $200.00 price target on shares of Palo Alto Networks in a research report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $180.34.

Palo Alto Networks (NYSE:PANW) opened at 136.26 on Thursday. The company’s market capitalization is $12.24 billion. Palo Alto Networks has a 12 month low of $111.09 and a 12 month high of $194.73. The stock’s 50 day moving average price is $151.57 and its 200-day moving average price is $140.38.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Monday, November 21st. The network technology company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company earned $398.10 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. On average, equities research analysts predict that Palo Alto Networks will post $2.78 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/29/stifel-nicolaus-analysts-give-palo-alto-networks-inc-panw-a-210-00-price-target.html.

In related news, Director Carl M. Eschenbach sold 894 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $159.08, for a total value of $142,217.52. Following the sale, the director now owns 2,940 shares in the company, valued at approximately $467,695.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steffan Tomlinson sold 2,332 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $148.98, for a total value of $347,421.36. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its stake in 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 valued at $100,000 after buying an additional 76 shares during the last quarter. Ayalon Holdings Ltd. increased its stake in Palo Alto Networks by 110.0% in the second quarter. Ayalon Holdings Ltd. now owns 840 shares of the network technology company’s stock valued at $102,000 after buying an additional 440 shares during the last quarter. Toronto Dominion Bank increased its stake in Palo Alto Networks by 59.3% in the third quarter. Toronto Dominion Bank now owns 774 shares of the network technology company’s stock valued at $123,000 after buying an additional 288 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in 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 last quarter. Finally, Amica Retiree Medical Trust acquired a new stake in shares of Palo Alto Networks during the third quarter valued at approximately $139,000. Institutional investors own 87.20% 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

Receive News & Stock Ratings for Palo Alto Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc. and related stocks with our FREE daily email newsletter.