UBS AG set a $140.00 price target on Palo Alto Networks, Inc. (NYSE:PANW) in a report released on Tuesday morning, www.tipranks.com reports. The firm currently has a hold rating on the network technology company’s stock.

A number of other brokerages have also recently issued reports on PANW. BidaskClub raised shares of Palo Alto Networks from a hold rating to a buy rating in a research note on Thursday, July 13th. Susquehanna Bancshares Inc began coverage on shares of Palo Alto Networks in a research note on Wednesday, June 7th. They issued a neutral rating and a $145.00 price objective on the stock. Citigroup Inc. reissued a neutral rating and issued a $147.00 price objective (up from $130.00) on shares of Palo Alto Networks in a research note on Thursday, June 1st. Barclays PLC reissued an overweight rating and issued a $158.00 price objective (up from $145.00) on shares of Palo Alto Networks in a research note on Thursday, June 1st. Finally, Deutsche Bank AG reissued a hold rating and issued a $135.00 price objective (up from $125.00) on shares of Palo Alto Networks in a research note on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $152.71.

Palo Alto Networks (NYSE PANW) traded up 10.2981% during midday trading on Tuesday, hitting $146.3546. The stock had a trading volume of 3,331,886 shares. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $165.69. The company’s 50 day moving average is $133.45 and its 200 day moving average is $126.61. The company’s market cap is $13.44 billion. Palo Alto Networks also was the target of some unusual options trading activity on Thursday. Investors purchased 13,736 put options on the company. This is an increase of 559% compared to the average volume of 2,084 put options.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by $0.92. The firm had revenue of $509 million during the quarter, compared to the consensus estimate of $487.53 million. Palo Alto Networks had a negative net margin of 14.38% and a negative return on equity of 23.77%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. On average, equities analysts anticipate that Palo Alto Networks will post $3.27 earnings per share for the current fiscal year.

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In other news, Director James J. Goetz sold 30,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the completion of the sale, the director now directly owns 271,645 shares of the company’s stock, valued at $37,478,860.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

A number of large investors have recently modified their holdings of PANW. WFG Advisors LP increased its stake in shares of Palo Alto Networks by 5.9% in the first quarter. WFG Advisors LP now owns 900 shares of the network technology company’s stock worth $101,000 after buying an additional 50 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Palo Alto Networks by 31.9% in the first quarter. Global X Management Co. LLC now owns 939 shares of the network technology company’s stock worth $106,000 after buying an additional 227 shares during the last quarter. Sun Life Financial INC increased its stake in shares of Palo Alto Networks by 785.0% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after buying an additional 887 shares during the last quarter. First Interstate Bank increased its stake in shares of Palo Alto Networks by 130.7% in the first quarter. First Interstate Bank now owns 1,375 shares of the network technology company’s stock worth $155,000 after buying an additional 779 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Palo Alto Networks by 30.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after buying an additional 322 shares during the last quarter. 77.05% of the stock is owned by institutional investors and hedge funds.

About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its 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.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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