Palo Alto Networks, Inc. (NYSE:PANW)‘s stock had its “buy” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Monday. They presently have a $173.00 price target on the network technology company’s stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 20.60% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. BidaskClub upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $150.00 price target (up previously from $145.00) on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $160.00 price target (up previously from $145.00) on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Imperial Capital upgraded shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $137.00 to $165.00 in a research note on Tuesday, September 5th. Finally, FBN Securities reiterated a “sector perform” rating and set a $155.00 price target (up previously from $135.00) on shares of Palo Alto Networks in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $157.91.

Shares of Palo Alto Networks (NYSE:PANW) traded up 0.579% during mid-day trading on Monday, hitting $144.281. 805,576 shares of the company’s stock were exchanged. The company’s market capitalization is $13.25 billion. The firm has a 50 day moving average price of $134.75 and a 200-day moving average price of $125.86. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. On average, equities analysts anticipate that Palo Alto Networks will post $3.34 EPS for the current year.

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In other news, insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $145.01, for a total transaction of $290,020.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carl M. Eschenbach sold 1,572 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $144.99, for a total value of $227,924.28. Following the sale, the director now owns 3,619 shares in the company, valued at approximately $524,718.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,572 shares of company stock worth $4,657,044. Company insiders own 4.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of PANW. Capstone Asset Management Co. raised its stake in Palo Alto Networks by 19.6% in the 1st quarter. Capstone Asset Management Co. now owns 2,254 shares of the network technology company’s stock valued at $254,000 after acquiring an additional 370 shares during the period. Nisa Investment Advisors LLC raised its stake in Palo Alto Networks by 1,900.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the network technology company’s stock valued at $225,000 after acquiring an additional 1,900 shares during the period. Waldron LP raised its stake in Palo Alto Networks by 105.2% in the 1st quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock valued at $1,749,000 after acquiring an additional 6,587 shares during the period. ProShare Advisors LLC raised its stake in Palo Alto Networks by 10.8% in the 1st quarter. ProShare Advisors LLC now owns 2,172 shares of the network technology company’s stock valued at $245,000 after acquiring an additional 211 shares during the period. Finally, World Asset Management Inc raised its stake in Palo Alto Networks by 26.4% in the 1st quarter. World Asset Management Inc now owns 4,020 shares of the network technology company’s stock valued at $453,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 77.00% of the company’s stock.

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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