Palo Alto Networks, Inc. (NYSE:PANW) received a $140.00 price target from investment analysts at UBS AG in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the network technology company’s stock. UBS AG’s price target would indicate a potential upside of 5.42% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Jefferies Group LLC raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $150.00 in a report on Friday, May 19th. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Tuesday, May 23rd. Piper Jaffray Companies set a $156.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Thursday, June 1st. Gabelli raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Thursday, June 1st. Finally, Monness Crespi & Hardt upped their price objective on shares of Palo Alto Networks from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $149.74.

Shares of Palo Alto Networks (NYSE:PANW) opened at 132.80 on Tuesday. The company’s market cap is $12.19 billion. Palo Alto Networks has a one year low of $107.31 and a one year high of $165.69. The company’s 50-day moving average price is $134.20 and its 200 day moving average price is $127.24.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Wednesday, May 31st. The network technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. Palo Alto Networks had a negative net margin of 14.38% and a negative return on equity of 23.77%. The firm had revenue of $431.80 million for the quarter, compared to analyst estimates of $412.11 million. During the same period in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities analysts forecast that Palo Alto Networks will post $2.59 EPS for the current fiscal year.

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In other Palo Alto Networks news, Director James J. Goetz sold 30,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the completion of the transaction, the director now owns 271,645 shares in the company, valued at $37,478,860.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. WFG Advisors LP raised its position in shares of Palo Alto Networks by 5.9% in the first quarter. WFG Advisors LP now owns 900 shares of the network technology company’s stock worth $101,000 after buying an additional 50 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Palo Alto Networks by 31.9% in the first quarter. Global X Management Co. LLC now owns 939 shares of the network technology company’s stock worth $106,000 after buying an additional 227 shares in the last quarter. Sun Life Financial INC raised its position in shares of Palo Alto Networks by 785.0% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after buying an additional 887 shares in the last quarter. First Interstate Bank raised its position in shares of Palo Alto Networks by 130.7% in the first quarter. First Interstate Bank now owns 1,375 shares of the network technology company’s stock worth $155,000 after buying an additional 779 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Palo Alto Networks by 30.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 77.05% 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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