Palo Alto Networks (NYSE:PANW) had its target price decreased by Mizuho from $265.00 to $245.00 in a report published on Thursday, The Fly reports. Mizuho currently has a buy rating on the network technology company’s stock.

Several other equities analysts have also weighed in on PANW. Zacks Investment Research lowered Palo Alto Networks from a buy rating to a hold rating in a research note on Thursday, April 11th. BMO Capital Markets reduced their price objective on Palo Alto Networks from $285.00 to $250.00 and set a market perform rating on the stock in a research note on Thursday. Dougherty & Co reaffirmed a buy rating and issued a $300.00 price objective (up from $260.00) on shares of Palo Alto Networks in a research note on Wednesday, February 27th. Cowen began coverage on Palo Alto Networks in a research note on Thursday, May 23rd. They issued a market perform rating and a $230.00 price objective on the stock. Finally, Monness Crespi & Hardt reaffirmed a buy rating and issued a $280.00 price objective (up from $235.00) on shares of Palo Alto Networks in a research note on Wednesday, February 27th. One 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 issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $263.03.

NYSE PANW opened at $200.14 on Thursday. The stock has a market capitalization of $19.15 billion, a PE ratio of -363.89, a PEG ratio of 9.14 and a beta of 0.84. Palo Alto Networks has a 1-year low of $160.08 and a 1-year high of $260.63. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.31.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data 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 firm had revenue of $726.60 million during the quarter, compared to analyst estimates of $704.89 million. Palo Alto Networks had a negative net margin of 2.30% and a positive return on equity of 5.86%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. Sell-side analysts expect that Palo Alto Networks will post 0.85 EPS for the current fiscal year.

In other Palo Alto Networks news, CAO Jean Compeau sold 1,701 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $235.37, for a total transaction of $400,364.37. Following the sale, the chief accounting officer now directly owns 23,836 shares in the company, valued at approximately $5,610,279.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl M. Eschenbach sold 3,385 shares of Palo Alto Networks stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $241.90, for a total value of $818,831.50. Following the sale, the director now owns 4,359 shares in the company, valued at $1,054,442.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,844 shares of company stock worth $58,586,545. Company insiders own 3.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Marshall Wace LLP increased its holdings in Palo Alto Networks by 61.8% during the 1st quarter. Marshall Wace LLP now owns 5,731 shares of the network technology company’s stock worth $1,392,000 after purchasing an additional 2,188 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Palo Alto Networks by 2.9% during the 1st quarter. Clearbridge Investments LLC now owns 2,734,047 shares of the network technology company’s stock worth $664,045,000 after purchasing an additional 77,503 shares during the last quarter. Nordea Investment Management AB increased its holdings in Palo Alto Networks by 522.5% during the 1st quarter. Nordea Investment Management AB now owns 21,893 shares of the network technology company’s stock worth $5,317,000 after purchasing an additional 18,376 shares during the last quarter. B. Riley Wealth Management Inc. increased its holdings in Palo Alto Networks by 20.8% during the 1st quarter. B. Riley Wealth Management Inc. now owns 2,436 shares of the network technology company’s stock worth $592,000 after purchasing an additional 420 shares during the last quarter. Finally, Ameritas Investment Corp purchased a new stake in Palo Alto Networks during the 1st quarter worth approximately $1,036,000. Institutional investors 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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