Northland Securities reaffirmed their hold rating on shares of Palo Alto Networks (NYSE:PANW) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. Northland Securities currently has a $240.00 target price on the network technology company’s stock.

Several other research firms also recently weighed in on PANW. Zacks Investment Research downgraded shares of Palo Alto Networks from a buy rating to a hold rating in a research note on Wednesday, March 20th. Deutsche Bank reduced their target price on shares of Palo Alto Networks from $305.00 to $275.00 and set a buy rating for the company in a research note on Thursday. UBS Group lifted their target price on shares of Palo Alto Networks from $250.00 to $270.00 and gave the stock an outperform rating in a research note on Wednesday, February 20th. Stifel Nicolaus lifted their target price on shares of Palo Alto Networks from $240.00 to $280.00 and gave the stock a buy rating in a research note on Wednesday, February 27th. Finally, Wells Fargo & Co lifted their target price on shares of Palo Alto Networks from $275.00 to $325.00 and gave the stock an outperform rating in a research note on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Palo Alto Networks presently has a consensus rating of Buy and an average target price of $263.03.

PANW opened at $200.14 on Thursday. The stock has a market capitalization of $19.15 billion, a PE ratio of -363.89, a price-to-earnings-growth ratio of 9.14 and a beta of 0.84. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.87 and a quick ratio of 1.87. Palo Alto Networks has a twelve month low of $160.08 and a twelve month high of $260.63.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Wednesday, May 29th. The network technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $726.60 million during the quarter, compared to analysts’ expectations of $704.89 million. Palo Alto Networks had a positive return on equity of 5.86% and a negative net margin of 2.30%. Palo Alto Networks’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. On average, equities research analysts anticipate that Palo Alto Networks will post 0.85 EPS for the current fiscal year.

In other news, EVP Lee Klarich sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $234.11, for a total value of $1,053,495.00. Following the completion of the transaction, the executive vice president now directly owns 295,449 shares in the company, valued at $69,167,565.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean Compeau sold 1,258 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $238.51, for a total transaction of $300,045.58. Following the completion of the transaction, the insider now owns 22,578 shares of the company’s stock, valued at $5,385,078.78. The disclosure for this sale can be found here. Insiders sold 239,459 shares of company stock valued at $57,767,713 over the last 90 days. 3.10% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in PANW. Norges Bank bought a new stake in Palo Alto Networks during the fourth quarter valued at approximately $163,001,000. Neuberger Berman Group LLC lifted its position in Palo Alto Networks by 215.5% during the first quarter. Neuberger Berman Group LLC now owns 524,733 shares of the network technology company’s stock valued at $127,447,000 after purchasing an additional 358,412 shares during the last quarter. FMR LLC lifted its position in Palo Alto Networks by 424.2% during the fourth quarter. FMR LLC now owns 326,709 shares of the network technology company’s stock valued at $61,536,000 after purchasing an additional 264,384 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Palo Alto Networks during the fourth quarter valued at approximately $44,262,000. Finally, BlackRock Inc. lifted its position in Palo Alto Networks by 4.3% during the first quarter. BlackRock Inc. now owns 5,453,457 shares of the network technology company’s stock valued at $1,324,534,000 after purchasing an additional 224,298 shares during the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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