Stifel Nicolaus Analysts Give Palo Alto Networks Inc. (PANW) a $210.00 Price Target
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.
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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.
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