Palo Alto Networks, Inc. (NYSE:PANW)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Companies in a report issued on Friday. They presently have a $155.00 price objective on the network technology company’s stock, up from their previous price objective of $146.00. Piper Jaffray Companies’ target price suggests a potential upside of 5.68% from the stock’s current price.

Several other research firms also recently weighed in on PANW. BidaskClub upgraded shares of Palo Alto Networks from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Vetr downgraded shares of Palo Alto Networks from a “strong-buy” rating to a “hold” rating and set a $137.50 price target for the company. in a research report on Thursday, June 1st. UBS AG set a $140.00 price target on shares of Palo Alto Networks and gave the stock a “hold” rating in a research report on Tuesday, August 29th. BTIG Research restated a “buy” rating and set a $155.00 price target on shares of Palo Alto Networks in a research report on Thursday, June 1st. Finally, Cowen and Company restated an “outperform” rating and set a $165.00 price target (up previously from $150.00) on shares of Palo Alto Networks in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $155.12.

Palo Alto Networks (NYSE:PANW) opened at 146.67 on Friday. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $165.69. The stock’s 50 day moving average price is $133.61 and its 200-day moving average price is $126.54. The stock’s market cap is $13.47 billion. Palo Alto Networks also was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 13,736 put options on the stock. This represents an increase of approximately 559% compared to the typical volume of 2,084 put options.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.79 by $0.92. Palo Alto Networks had a negative return on equity of 19.08% and a negative net margin of 12.57%. The company had revenue of $509 million for the quarter, compared to analyst estimates of $487.53 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities analysts expect that Palo Alto Networks will post $3.27 EPS for the current year.

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In other news, Director James J. Goetz sold 30,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $137.97, for a total value of $4,139,100.00. Following the sale, the director now directly owns 271,645 shares in the company, valued at approximately $37,478,860.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in PANW. WFG Advisors LP raised 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 raised 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 raised 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 raised 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. raised 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 valued at $188,000 after buying an additional 322 shares in the last quarter. Institutional investors and hedge funds own 77.05% of the company’s stock.

Palo Alto Networks Company Profile

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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