Palo Alto Networks (NYSE:PANW) had its target price upped by Mizuho from to in a research report report published on Thursday morning, The Fly reports.

PANW has been the topic of a number of other reports. Citigroup boosted their target price on shares of Palo Alto Networks from $247.00 to $283.00 and gave the company a buy rating in a research note on Tuesday, November 26th. Bank of America cut shares of Palo Alto Networks from a buy rating to a neutral rating in a research note on Wednesday, January 8th. Maxim Group restated a buy rating and set a $316.00 price target on shares of Palo Alto Networks in a research note on Tuesday, November 26th. Morgan Stanley upped their price target on shares of Palo Alto Networks from $290.00 to $315.00 and gave the company an overweight rating in a research note on Monday, January 13th. Finally, Rosenblatt Securities restated a hold rating and set a $220.00 price target on shares of Palo Alto Networks in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Palo Alto Networks has a consensus rating of Buy and a consensus target price of $265.09.

PANW traded up $1.64 during midday trading on Thursday, reaching $247.25. The company had a trading volume of 631,591 shares, compared to its average volume of 835,100. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $24.34 billion, a PE ratio of -228.93 and a beta of 0.96. Palo Alto Networks has a 12-month low of $192.17 and a 12-month high of $260.63. The business has a 50-day moving average price of $239.68 and a two-hundred day moving average price of $224.59.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, November 25th. The network technology company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $1.22. The firm had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $769.34 million. Palo Alto Networks had a negative net margin of 3.42% and a positive return on equity of 2.43%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 earnings per share. On average, research analysts anticipate that Palo Alto Networks will post -0.12 earnings per share for the current year.

In other Palo Alto Networks news, Director Mark D. Mclaughlin sold 19,050 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $249.03, for a total value of $4,744,021.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nikesh Arora bought 25,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $221.54 per share, for a total transaction of $5,538,500.00. Following the completion of the purchase, the chief executive officer now directly owns 479,429 shares in the company, valued at $106,212,700.66. The disclosure for this purchase can be found here. Insiders sold a total of 46,562 shares of company stock worth $11,132,020 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Palo Alto Networks by 4.2% in the 2nd quarter. BlackRock Inc. now owns 5,683,627 shares of the network technology company’s stock worth $1,158,096,000 after buying an additional 230,170 shares during the last quarter. Farallon Capital Management LLC increased its holdings in shares of Palo Alto Networks by 81.7% in the 4th quarter. Farallon Capital Management LLC now owns 1,108,416 shares of the network technology company’s stock worth $256,321,000 after buying an additional 498,416 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Palo Alto Networks by 26.5% in the 4th quarter. Pictet Asset Management Ltd. now owns 1,072,438 shares of the network technology company’s stock worth $248,002,000 after buying an additional 224,630 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Palo Alto Networks by 1.2% in the 4th quarter. Altshuler Shaham Ltd now owns 950,252 shares of the network technology company’s stock worth $219,746,000 after buying an additional 11,594 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its holdings in shares of Palo Alto Networks by 2.7% in the 4th quarter. Champlain Investment Partners LLC now owns 871,450 shares of the network technology company’s stock worth $201,523,000 after buying an additional 22,640 shares during the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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