Oppenheimer Holdings, Inc. reissued their buy rating on shares of Palo Alto Networks, Inc. (NYSE:PANW) in a research report released on Tuesday. Oppenheimer Holdings, Inc. currently has a $173.00 price target on the network technology company’s stock.

Other research analysts also recently issued reports about the company. Imperial Capital raised Palo Alto Networks from an in-line rating to an outperform rating and lifted their target price for the stock from $137.00 to $165.00 in a report on Tuesday, September 5th. BidaskClub raised Palo Alto Networks from a strong sell rating to a sell rating in a research note on Thursday, August 17th. Argus raised Palo Alto Networks from a hold rating to a buy rating and set a $183.00 price objective on the stock in a research note on Tuesday, September 5th. Stifel Nicolaus reissued a buy rating and issued a $180.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Finally, William Blair reissued a market perform rating on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $160.33.

Palo Alto Networks (NYSE PANW) traded up $4.02 during midday trading on Tuesday, hitting $142.72. The company had a trading volume of 2,119,022 shares, compared to its average volume of 1,736,181. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.65 and a current ratio of 1.65. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $164.57.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The firm had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period last year, the business earned $0.50 EPS. The company’s revenue was up 27.0% compared to the same quarter last year. analysts forecast that Palo Alto Networks will post -0.5 earnings per share for the current fiscal year.

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In other news, Director Stanley J. Meresman sold 2,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total transaction of $302,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the stock in a transaction dated 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. Insiders have sold 284,744 shares of company stock worth $42,239,296 over the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Sun Life Financial INC boosted its holdings in shares of Palo Alto Networks by 785.0% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after purchasing an additional 887 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Palo Alto Networks during the third quarter worth about $162,000. Global X Management Co. LLC boosted its holdings in shares of Palo Alto Networks by 24.4% during the second quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after purchasing an additional 229 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Palo Alto Networks by 495.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after purchasing an additional 1,025 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Palo Alto Networks by 30.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after purchasing an additional 322 shares during the period. Institutional investors own 77.50% 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.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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