Palo Alto Networks (NYSE:PANW) had its target price lifted by BMO Capital Markets from $190.00 to $220.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. The firm currently has a market perform rating on the network technology company’s stock.

Several other brokerages have also recently issued reports on PANW. Zacks Investment Research upgraded shares of Palo Alto Networks from a sell rating to a hold rating in a research report on Thursday, March 8th. Royal Bank of Canada upped their target price on shares of Palo Alto Networks to $200.00 and gave the company an outperform rating in a research report on Tuesday, February 27th. OTR Global upgraded shares of Palo Alto Networks to a positive rating in a research report on Friday, February 16th. Dougherty & Co restated a buy rating and set a $205.00 target price (up from $180.00) on shares of Palo Alto Networks in a research report on Tuesday, February 27th. Finally, UBS Group upgraded shares of Palo Alto Networks from a neutral rating to a positive rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $187.35.

Shares of Palo Alto Networks opened at $208.09 on Thursday, according to MarketBeat.com. The stock has a market cap of $19.26 billion, a PE ratio of -121.69, a price-to-earnings-growth ratio of 26.08 and a beta of 0.94. Palo Alto Networks has a 12-month low of $115.01 and a 12-month high of $211.71.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, February 26th. The network technology company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.19). The business had revenue of $542.40 million for the quarter, compared to analysts’ expectations of $525.37 million. Palo Alto Networks had a negative net margin of 9.96% and a negative return on equity of 14.74%. sell-side analysts anticipate that Palo Alto Networks will post 0.34 earnings per share for the current fiscal year.

In other news, Director Stanley J. Meresman sold 1,980 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $188.74, for a total transaction of $373,705.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Nir Zuk sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $181.65, for a total transaction of $5,449,500.00. Following the completion of the sale, the executive vice president now owns 1,384,919 shares of the company’s stock, valued at $251,570,536.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 228,960 shares of company stock worth $42,091,349. Insiders own 4.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont boosted its stake in Palo Alto Networks by 107.7% in the first quarter. Trust Co. of Vermont now owns 671 shares of the network technology company’s stock valued at $121,000 after acquiring an additional 348 shares in the last quarter. NuWave Investment Management LLC boosted its stake in Palo Alto Networks by 10,260.0% in the first quarter. NuWave Investment Management LLC now owns 1,036 shares of the network technology company’s stock valued at $184,000 after acquiring an additional 1,026 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Palo Alto Networks in the fourth quarter valued at approximately $192,000. Aristotle Atlantic Partners LLC acquired a new stake in Palo Alto Networks in the first quarter valued at approximately $200,000. Finally, Violich Capital Management Inc. acquired a new stake in Palo Alto Networks in the first quarter valued at approximately $205,000. Institutional investors own 82.12% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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