BidaskClub lowered shares of Palo Alto Networks, Inc. (NYSE:PANW) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Several other equities research analysts have also commented on PANW. William Blair restated a market perform rating on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Royal Bank Of Canada upped their price objective on Palo Alto Networks from $145.00 to $159.00 and gave the stock an outperform rating in a research note on Friday, September 1st. Vetr upgraded Palo Alto Networks from a hold rating to a buy rating and set a $140.90 price objective for the company in a research note on Tuesday, June 27th. Summit Redstone upgraded Palo Alto Networks from a hold rating to a buy rating and set a $120.00 price objective for the company in a research note on Tuesday, September 5th. Finally, Dougherty & Co restated a buy rating and issued a $165.00 price objective (up from $155.00) on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $157.91.

Palo Alto Networks (NYSE:PANW) traded down 0.22% during mid-day trading on Thursday, reaching $139.75. The company’s stock had a trading volume of 683,730 shares. The company has a 50-day moving average price of $135.34 and a 200-day moving average price of $126.14. Palo Alto Networks has a 12-month low of $107.31 and a 12-month high of $165.69. The firm’s market cap is $12.83 billion.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). The company had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. Palo Alto Networks’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. On average, equities research analysts expect that Palo Alto Networks will post $3.33 earnings per share 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 that occurred on 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 transaction, the director now directly owns 271,645 shares of the company’s stock, valued at $37,478,860.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Mark Anderson sold 44,429 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the transaction, the president now directly owns 176,290 shares in the company, valued at $25,227,099. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,001 shares of company stock worth $11,014,834. Corporate insiders own 4.80% of the company’s stock.

Several large investors have recently modified their holdings of PANW. Nisa Investment Advisors LLC increased its position in shares of Palo Alto Networks by 1,900.0% during the first quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the network technology company’s stock worth $225,000 after acquiring an additional 1,900 shares during the period. Waldron LP increased its position in shares of Palo Alto Networks by 105.2% during the first quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock worth $1,749,000 after acquiring an additional 6,587 shares during the period. ProShare Advisors LLC increased its position in shares of Palo Alto Networks by 10.8% during the first quarter. ProShare Advisors LLC now owns 2,172 shares of the network technology company’s stock worth $245,000 after acquiring an additional 211 shares during the period. World Asset Management Inc increased its position in shares of Palo Alto Networks by 26.4% during the first quarter. World Asset Management Inc now owns 4,020 shares of the network technology company’s stock worth $453,000 after acquiring an additional 839 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of Palo Alto Networks by 9.9% during the first quarter. UBS Asset Management Americas Inc. now owns 240,802 shares of the network technology company’s stock worth $27,134,000 after acquiring an additional 21,780 shares during the period. 77.00% of the stock is currently 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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