ValuEngine lowered shares of Palo Alto Networks, Inc. (NYSE:PANW) from a hold rating to a sell rating in a report issued on Monday.

PANW has been the subject of a number of other reports. Piper Jaffray Companies set a $156.00 price objective on Palo Alto Networks and gave the stock a buy rating in a research report on Thursday, June 1st. Cowen and Company reissued an outperform rating and issued a $150.00 price target on shares of Palo Alto Networks in a report on Thursday, May 25th. Evercore ISI reissued an in-line rating and issued a $145.00 price target (up from $140.00) on shares of Palo Alto Networks in a report on Friday, September 1st. UBS AG reissued a neutral rating and issued a $146.00 price target (up from $140.00) on shares of Palo Alto Networks in a report on Friday, September 1st. Finally, Vetr raised Palo Alto Networks from a hold rating to a buy rating and set a $140.90 price target for the company in a report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $157.91.

Palo Alto Networks (NYSE PANW) opened at 141.75 on Monday. Palo Alto Networks has a one year low of $107.31 and a one year high of $165.69. The firm’s market capitalization is $13.02 billion. The firm has a 50-day moving average price of $135.34 and a 200-day moving average price of $126.14.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data 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). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The company had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period in the previous year, the business posted $0.50 earnings per share. The firm’s revenue was up 27.0% compared to the same quarter last year. Equities analysts anticipate that Palo Alto Networks will post $3.33 earnings per share for the current year.

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In other Palo Alto Networks news, Director Carl M. Eschenbach sold 1,572 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the transaction, the director now owns 3,619 shares in the company, valued at $524,718.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Mark Anderson sold 44,429 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $143.10, for a total value of $6,357,789.90. Following the transaction, the president now owns 176,290 shares in the company, valued at approximately $25,227,099. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,001 shares of company stock worth $11,014,834. 4.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Palo Alto Networks by 512.7% in the second quarter. American Century Companies Inc. now owns 1,747,339 shares of the network technology company’s stock worth $233,811,000 after acquiring an additional 1,462,162 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Palo Alto Networks by 13,115.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,172,176 shares of the network technology company’s stock worth $8,760,000 after acquiring an additional 1,163,306 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Palo Alto Networks by 109.9% in the second quarter. Northern Trust Corp now owns 1,142,533 shares of the network technology company’s stock worth $152,883,000 after acquiring an additional 598,115 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Palo Alto Networks by 5,177.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 496,610 shares of the network technology company’s stock worth $55,958,000 after acquiring an additional 487,200 shares in the last quarter. Finally, Hunt Lane Capital LP acquired a new position in shares of Palo Alto Networks in the first quarter worth about $42,818,000. Institutional investors own 77.00% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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