Palo Alto Networks Inc. (NYSE:PANW) had its price objective trimmed by Imperial Capital from $190.00 to $180.00 in a research report released on Tuesday morning. The firm currently has an outperform rating on the network technology company’s stock.

Other analysts also recently issued research reports about the company. Nomura reissued a buy rating and issued a $200.00 price target on shares of Palo Alto Networks in a report on Wednesday, August 24th. Vetr raised Palo Alto Networks from a hold rating to a buy rating and set a $152.42 price target 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 research report on Friday, August 19th. Maxim Group lowered their target price 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 restated a buy rating and issued a $190.00 target price on shares of Palo Alto Networks in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Palo Alto Networks currently has a consensus rating of Buy and a consensus price target of $180.06.

Shares of Palo Alto Networks (NYSE:PANW) opened at 133.58 on Tuesday. The stock’s market capitalization is $12.25 billion. Palo Alto Networks has a 12 month low of $111.09 and a 12 month high of $194.73. The stock has a 50 day moving average price of $151.57 and a 200 day moving average price of $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 (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The business 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 business’s revenue was up 34.0% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, analysts anticipate that Palo Alto Networks will post $2.78 EPS for the current fiscal year.

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In related news, CEO Mark D. Mclaughlin sold 26,423 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $144.29, for a total value of $3,812,574.67. Following the completion of the sale, the chief executive officer now owns 540,880 shares in the company, valued at approximately $78,043,575.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nir Zuk sold 76,848 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $150.15, for a total transaction of $11,538,727.20. Following the completion of the sale, the insider now owns 1,983,157 shares of the company’s stock, valued at approximately $297,771,023.55. The disclosure for this sale can be found here. Company insiders own 4.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. raised 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 worth $9,633,000 after buying an additional 11,195 shares during the last quarter. Integrated Investment Consultants LLC raised 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 during the last quarter. New England Research & Management Inc. raised its position 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 worth $522,000 after buying an additional 625 shares during the last quarter. Raymond James Trust N.A. raised its position 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 worth $335,000 after buying an additional 110 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. raised its position 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 worth $245,000 after buying an additional 25 shares during the last quarter. 87.20% of the stock is owned by hedge funds and other institutional investors.

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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