Palo Alto Networks Inc. (NYSE:PANW)‘s stock had its “outperform” rating reiterated by analysts at Oppenheimer Holdings Inc. in a report released on Monday. They currently have a $184.00 price target on the network technology company’s stock. Oppenheimer Holdings Inc.’s price target suggests a potential upside of 37.75% from the company’s previous close.

A number of other research firms also recently commented on PANW. Barclays PLC dropped their price target on Palo Alto Networks from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 22nd. RBC Capital Markets reaffirmed an “outperform” rating and issued a $175.00 price target (down previously from $185.00) on shares of Palo Alto Networks in a research note on Wednesday, August 31st. Argus reaffirmed a “buy” rating and issued a $205.00 price target on shares of Palo Alto Networks in a research note on Saturday, September 3rd. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $170.00 price target (up previously from $167.00) on shares of Palo Alto Networks in a research note on Wednesday, August 31st. Finally, DA Davidson set a $186.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $180.06.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Palo Alto Networks (NYSE:PANW) opened at 133.58 on Monday. Palo Alto Networks has a 52 week low of $111.09 and a 52 week high of $194.73. The company’s market cap is $12.25 billion. The stock has a 50 day moving average of $151.57 and a 200 day moving average of $140.38.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, November 21st. The network technology company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The company earned $398.10 million during the quarter, compared to analysts’ expectations of $400.20 million. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. Palo Alto Networks’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities research analysts predict that Palo Alto Networks will post $2.78 earnings per share for the current fiscal year.

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In other news, CFO Steffan Tomlinson sold 2,332 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $148.98, for a total transaction of $347,421.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Warmenhoven sold 1,950 shares of the firm’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $159.61, for a total value of $311,239.50. Following the sale, the director now directly owns 530 shares of the company’s stock, valued at $84,593.30. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in PANW. Quantbot Technologies LP acquired a new stake in shares of Palo Alto Networks during the second quarter valued at about $2,381,000. Tocqueville Asset Management L.P. raised its stake in shares of Palo Alto Networks by 7.4% in the second quarter. Tocqueville Asset Management L.P. now owns 83,440 shares of the network technology company’s stock valued at $10,233,000 after buying an additional 5,785 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Palo Alto Networks by 3.8% in the second quarter. Essex Investment Management Co. LLC now owns 84,320 shares of the network technology company’s stock valued at $10,341,000 after buying an additional 3,116 shares in the last quarter. Trillium Asset Management LLC raised its stake in shares of Palo Alto Networks by 8.4% in the second quarter. Trillium Asset Management LLC now owns 117,742 shares of the network technology company’s stock valued at $14,440,000 after buying an additional 9,134 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Palo Alto Networks by 24.2% in the second quarter. Penserra Capital Management LLC now owns 223,416 shares of the network technology company’s stock valued at $27,400,000 after buying an additional 43,521 shares in the last quarter. 87.20% of the stock is owned by hedge funds and other institutional investors.

About Palo Alto Networks

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

5 Day Chart for NYSE:PANW

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