Palo Alto Networks (NYSE:PANW) had its price objective lifted by Monness Crespi & Hardt from $190.00 to $210.00 in a report published on Thursday morning, Marketbeat Ratings reports. Monness Crespi & Hardt currently has a buy rating on the network technology company’s stock.

PANW has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Palo Alto Networks from a hold rating to a buy rating and set a $169.00 price target on the stock in a research report on Tuesday, November 28th. Deutsche Bank increased their price target on shares of Palo Alto Networks from $180.00 to $210.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Evercore ISI upgraded shares of Palo Alto Networks from an in-line rating to an outperform rating and set a $180.00 price target on the stock in a research report on Thursday, January 18th. Susquehanna Bancshares upgraded shares of Palo Alto Networks from a neutral rating to a positive rating and reduced their price target for the company from $150.00 to $145.00 in a research report on Wednesday, February 21st. Finally, KeyCorp increased their price target on shares of Palo Alto Networks from $170.00 to $190.00 and gave the company an overweight rating in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirty-eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $181.86.

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Shares of Palo Alto Networks stock traded up $0.22 during midday trading on Thursday, reaching $185.05. 373,445 shares of the company’s stock were exchanged, compared to its average volume of 1,488,318. Palo Alto Networks has a twelve month low of $107.31 and a twelve month high of $191.53. The company has a market capitalization of $17,264.72, a PE ratio of -85.18 and a beta of 0.91.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Monday, February 26th. The network technology company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.19). Palo Alto Networks had a negative net margin of 9.96% and a negative return on equity of 14.74%. The business had revenue of $542.40 million for the quarter, compared to the consensus estimate of $525.37 million. sell-side analysts predict that Palo Alto Networks will post -0.37 earnings per share for the current year.

In other Palo Alto Networks news, CEO Mark D. Mclaughlin sold 35,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $149.50, for a total transaction of $5,232,500.00. Following the completion of the transaction, the chief executive officer now owns 348,901 shares of the company’s stock, valued at $52,160,699.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Goetz sold 78,000 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $146.78, for a total value of $11,448,840.00. The disclosure for this sale can be found here. Insiders have sold 369,980 shares of company stock valued at $58,260,895 in the last three months. Insiders own 4.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in Palo Alto Networks by 9.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,491 shares of the network technology company’s stock valued at $467,000 after buying an additional 305 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its position in Palo Alto Networks by 5.2% during the third quarter. Analyst IMS Investment Management Services Ltd. now owns 9,330 shares of the network technology company’s stock valued at $1,306,000 after buying an additional 460 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Palo Alto Networks by 19.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,831 shares of the network technology company’s stock valued at $410,000 after buying an additional 461 shares during the period. Aperio Group LLC lifted its position in Palo Alto Networks by 2.4% during the fourth quarter. Aperio Group LLC now owns 19,558 shares of the network technology company’s stock valued at $2,835,000 after buying an additional 463 shares during the period. Finally, Washington Capital Management Inc. raised its position in shares of Palo Alto Networks by 20.0% in the 3rd quarter. Washington Capital Management Inc. now owns 3,000 shares of the network technology company’s stock worth $432,000 after purchasing an additional 500 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

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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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