Palo Alto Networks Inc. (NYSE:PANW)‘s stock had its “outperform” rating restated by equities researchers at Wells Fargo & Co. in a report issued on Monday. They currently have a $176.00 price objective on the network technology company’s stock, down from their prior price objective of $187.00. Wells Fargo & Co.’s target price would indicate a potential upside of 31.76% from the company’s current price.

PANW has been the topic of a number of other research reports. Barclays PLC lowered their price objective on shares of Palo Alto Networks from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd. RBC Capital Markets reiterated an “outperform” rating and set a $175.00 price objective (down previously from $185.00) on shares of Palo Alto Networks in a research note on Wednesday, August 31st. Argus reiterated a “buy” rating and set a $205.00 price objective on shares of Palo Alto Networks in a research note on Saturday, September 3rd. Piper Jaffray Cos. reiterated an “overweight” rating and set a $170.00 price objective (up previously from $167.00) on shares of Palo Alto Networks in a research note on Wednesday, August 31st. Finally, DA Davidson set a $186.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, November 22nd. 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 issued a strong buy rating to the company’s stock. The stock currently 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 133.58 on Monday. Palo Alto Networks has a 52 week low of $111.09 and a 52 week high of $194.73. The stock’s market cap is $12.25 billion. 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 EPS for the quarter, beating the 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 company had revenue of $398.10 million for the quarter, compared to analyst estimates of $400.20 million. During the same quarter last year, the business earned $0.35 earnings per share. Palo Alto Networks’s revenue was up 34.0% compared to the same quarter last year. Equities research analysts anticipate that Palo Alto Networks will post $2.78 EPS for the current fiscal year.

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In other news, Director Carl M. Eschenbach sold 894 shares of Palo Alto Networks stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $159.08, for a total transaction of $142,217.52. Following the sale, the director now directly owns 2,940 shares in the company, valued at approximately $467,695.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark D. Mclaughlin sold 26,423 shares of Palo Alto Networks stock in a transaction dated 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 sale, the chief executive officer now owns 540,880 shares in the company, valued at $78,043,575.20. The disclosure for this sale can be found here. Insiders own 4.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Capstone Asset Management Co. raised its stake in shares of Palo Alto Networks by 0.5% in the third quarter. Capstone Asset Management Co. now owns 1,924 shares of the network technology company’s stock valued at $307,000 after buying an additional 10 shares during the period. Sigma Planning Corp raised its stake in shares of Palo Alto Networks by 0.5% in the second quarter. Sigma Planning Corp now owns 2,162 shares of the network technology company’s stock valued at $265,000 after buying an additional 11 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Palo Alto Networks by 0.6% in the third quarter. HBK Sorce Advisory LLC now owns 2,495 shares of the network technology company’s stock valued at $398,000 after buying an additional 14 shares during the period. American International Group Inc. raised its stake in shares of Palo Alto Networks by 0.4% in the third quarter. American International Group Inc. now owns 3,474 shares of the network technology company’s stock valued at $554,000 after buying an additional 15 shares during the period. Finally, American Money Management LLC raised its stake in shares of Palo Alto Networks by 0.6% in the second quarter. American Money Management LLC now owns 3,375 shares of the network technology company’s stock valued at $414,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds 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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