Stephens restated their overweight rating on shares of Palo Alto Networks, Inc. (NYSE:PANW) in a research note published on Tuesday. The firm currently has a $165.00 price target on the network technology company’s stock, up from their prior price target of $155.00.

Several other equities research analysts have also commented on PANW. UBS AG restated a neutral rating and set a $140.00 target price (up from $130.00) on shares of Palo Alto Networks in a research report on Monday, June 5th. Susquehanna Bancshares Inc started coverage on shares of Palo Alto Networks in a research report on Wednesday, June 7th. They set a neutral rating and a $145.00 target price on the stock. Evercore ISI set a $140.00 target price on shares of Palo Alto Networks and gave the stock a hold rating in a research report on Saturday, June 17th. TheStreet raised Palo Alto Networks from a d+ rating to a c- rating in a research note on Friday, June 16th. Finally, ValuEngine raised Palo Alto Networks from a sell rating to a hold rating in a research note on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $159.60.

Palo Alto Networks (PANW) traded up 1.29% during trading on Tuesday, reaching $147.37. 1,126,562 shares of the company’s stock were exchanged. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69. The stock has a 50-day moving average price of $139.66 and a 200 day moving average price of $128.44. The firm’s market capitalization is $13.53 billion.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.79 by ($0.92). The company had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. Palo Alto Networks’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Equities research analysts forecast that Palo Alto Networks will post $3.33 earnings per share 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 company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $137.97, for a total value of $4,139,100.00. Following the transaction, the director now directly owns 271,645 shares of the company’s stock, valued at approximately $37,478,860.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $145.01, for a total value of $290,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,001 shares of company stock worth $11,304,354. 4.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Endurance Wealth Management Inc. raised its position in shares of Palo Alto Networks by 0.3% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock valued at $483,000 after purchasing an additional 11 shares in the last quarter. HM Payson & Co. raised its position in shares of Palo Alto Networks by 0.3% in the 1st quarter. HM Payson & Co. now owns 6,755 shares of the network technology company’s stock valued at $761,000 after purchasing an additional 19 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Palo Alto Networks by 0.4% in the 2nd quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock valued at $665,000 after purchasing an additional 19 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Palo Alto Networks by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after purchasing an additional 30 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Palo Alto Networks by 1.2% in the 1st quarter. Nordea Investment Management AB now owns 2,552 shares of the network technology company’s stock valued at $288,000 after purchasing an additional 31 shares in the last quarter. 77.03% of the stock is currently owned by institutional investors.

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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