Northland Securities set a $175.00 price target on Palo Alto Networks, Inc. (NYSE:PANW) in a research report report published on Wednesday morning. The firm currently has a buy rating on the network technology company’s stock.

A number of other research firms have also weighed in on PANW. BidaskClub raised shares of Palo Alto Networks from a sell rating to a hold rating in a research report on Wednesday, October 11th. Rosenblatt Securities reissued a buy rating and set a $160.00 target price on shares of Palo Alto Networks in a research report on Friday, September 1st. J P Morgan Chase & Co reissued a neutral rating and set a $168.00 target price (up previously from $155.00) on shares of Palo Alto Networks in a research report on Sunday, September 3rd. Stifel Nicolaus restated a buy rating and set a $180.00 price objective on shares of Palo Alto Networks in a report on Tuesday, September 5th. Finally, William Blair restated a market perform rating on shares of Palo Alto Networks in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have assigned a buy rating to the stock. Palo Alto Networks presently has an average rating of Buy and a consensus target price of $160.33.

Shares of Palo Alto Networks (PANW) traded down 0.38% during mid-day trading on Wednesday, hitting $149.12. The stock had a trading volume of 303,989 shares. The stock has a 50-day moving average price of $143.90 and a 200 day moving average price of $130.67. The stock’s market cap is $13.70 billion. 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 released its 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). The firm had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The firm’s revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. On average, equities analysts forecast that Palo Alto Networks will post $3.33 EPS for the current fiscal year.

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In other Palo Alto Networks news, Director Stanley J. Meresman sold 2,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total value of $302,020.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $149.70, for a total transaction of $5,239,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 254,744 shares of company stock worth $37,804,516. 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 the business. Vanguard Group Inc. raised its holdings in Palo Alto Networks by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,262,069 shares of the network technology company’s stock worth $971,738,000 after purchasing an additional 254,836 shares during the period. Clearbridge Investments LLC increased its position in shares of Palo Alto Networks by 11.3% during the first quarter. Clearbridge Investments LLC now owns 1,888,116 shares of the network technology company’s stock worth $212,753,000 after acquiring an additional 191,475 shares in the last quarter. American Century Companies Inc. increased its position in shares of Palo Alto Networks by 512.7% during 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. CI Global Investments Inc. increased its position in shares of Palo Alto Networks by 2.4% during the second quarter. CI Global Investments Inc. now owns 1,617,837 shares of the network technology company’s stock worth $216,483,000 after acquiring an additional 37,597 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its position in shares of Palo Alto Networks by 13,115.1% during 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. Institutional investors own 76.96% 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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