Palo Alto Networks Inc. (NYSE:PANW)‘s stock had its “buy” rating restated by stock analysts at BTIG Research in a report released on Monday. They currently have a $190.00 target price on the network technology company’s stock, down from their prior target price of $210.00. BTIG Research’s target price would indicate a potential upside of 42.24% from the company’s current price.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Palo Alto Networks from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 1st. Morgan Stanley reissued an “overweight” rating and issued a $185.00 target price on shares of Palo Alto Networks in a research note on Wednesday, August 17th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $177.00 price target on shares of Palo Alto Networks in a research report on Thursday, September 1st. Argus reaffirmed a “buy” rating and set a $205.00 price target on shares of Palo Alto Networks in a research report on Saturday, September 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $210.00 price target 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 given a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Palo Alto Networks has an average rating of “Buy” and an average price target of $180.06.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Palo Alto Networks (NYSE:PANW) opened at 133.58 on Monday. The company’s market cap is $12.25 billion. The company has a 50-day moving average price of $151.57 and a 200 day moving average price of $140.38. Palo Alto Networks has a 52 week low of $111.09 and a 52 week high of $194.73.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, November 21st. The network technology company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. The business had revenue of $398.10 million for the quarter, compared to analyst estimates of $400.20 million. During the same period last year, the company posted $0.35 EPS. The business’s revenue was up 34.0% on a year-over-year basis. On average, equities research analysts forecast that Palo Alto Networks will post $2.78 EPS for the current fiscal year.

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In related news, CFO Steffan Tomlinson sold 2,332 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $148.98, for a total transaction of $347,421.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark D. Mclaughlin sold 26,423 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 540,880 shares in the company, valued at approximately $78,043,575.20. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC increased its position in shares of Palo Alto Networks by 32.3% in the second quarter. Jennison Associates LLC now owns 4,768,553 shares of the network technology company’s stock valued at $584,815,000 after buying an additional 1,163,146 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Palo Alto Networks by 30.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,871,628 shares of the network technology company’s stock valued at $776,196,000 after buying an additional 1,137,120 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Palo Alto Networks by 122.1% in the second quarter. Alliancebernstein L.P. now owns 2,037,537 shares of the network technology company’s stock valued at $249,884,000 after buying an additional 1,120,097 shares during the last quarter. Criterion Capital Management LLC increased its position in shares of Palo Alto Networks by 374.5% in the second quarter. Criterion Capital Management LLC now owns 610,330 shares of the network technology company’s stock valued at $74,851,000 after buying an additional 481,710 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Palo Alto Networks by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,066,172 shares of the network technology company’s stock valued at $743,954,000 after buying an additional 353,873 shares during the last quarter. 87.20% of the stock is currently owned by institutional investors and hedge funds.

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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