Palo Alto Networks, Inc. (NYSE:PANW) had its target price upped by Telsey Advisory Group from $165.00 to $175.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the network technology company’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 17.14% from the stock’s current price.

Several other equities analysts have also weighed in on PANW. BidaskClub lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Vetr upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $138.40 price objective on the stock in a report on Monday, July 31st. ValuEngine upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Imperial Capital reiterated an “outperform” rating and set a $137.00 price objective on shares of Palo Alto Networks in a report on Friday, August 18th. Finally, Piper Jaffray Companies set a $146.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Friday, August 25th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $162.49.

Palo Alto Networks (NYSE PANW) opened at $149.40 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.69. Palo Alto Networks has a fifty-two week low of $107.31 and a fifty-two week high of $157.65.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.05%. The business had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. Palo Alto Networks’s revenue for the quarter was up 27.0% on a year-over-year basis. equities analysts expect that Palo Alto Networks will post -0.5 EPS for the current year.

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In related news, insider Nir Zuk sold 146,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $149.86, for a total transaction of $21,879,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl M. Eschenbach sold 1,572 shares of Palo Alto Networks stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $144.99, for a total transaction of $227,924.28. Following the transaction, the director now directly owns 3,619 shares of the company’s stock, valued at $524,718.81. The disclosure for this sale can be found here. Insiders have sold a total of 284,744 shares of company stock worth $42,239,296 in the last ninety days. Insiders own 4.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PANW. Sun Life Financial INC lifted its position in Palo Alto Networks by 785.0% during the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock valued at $134,000 after acquiring an additional 887 shares during the period. Global X Management Co. LLC lifted its position in Palo Alto Networks by 24.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock valued at $156,000 after acquiring an additional 229 shares during the period. Penserra Capital Management LLC purchased a new position in Palo Alto Networks during the 3rd quarter valued at about $162,000. Benjamin F. Edwards & Company Inc. lifted its position in Palo Alto Networks by 495.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock valued at $178,000 after acquiring an additional 1,025 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Palo Alto Networks by 30.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock valued at $188,000 after acquiring an additional 322 shares during the period. 78.34% of the stock is owned by institutional investors.

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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