Palo Alto Networks, Inc. (NYSE:PANW) had its price objective boosted by Sanford C. Bernstein from $180.00 to $200.00 in a research note released on Tuesday morning. The firm currently has an outperform rating on the network technology company’s stock.

A number of other research firms have also weighed in on PANW. Dougherty & Co reiterated a buy rating and set a $180.00 target price (up from $170.00) on shares of Palo Alto Networks in a report on Tuesday. FBN Securities upgraded shares of Palo Alto Networks from a sector perform rating to an outperform rating in a report on Tuesday. BidaskClub upgraded shares of Palo Alto Networks from a sell rating to a hold rating in a report on Wednesday, October 11th. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $180.00 target price (up from $173.00) on shares of Palo Alto Networks in a report on Tuesday. Finally, Robert W. Baird reiterated a hold rating on shares of Palo Alto Networks in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have issued a buy rating to the company. Palo Alto Networks currently has a consensus rating of Buy and a consensus price target of $162.72.

Shares of Palo Alto Networks (NYSE:PANW) opened at $151.39 on Tuesday. Palo Alto Networks has a 1 year low of $107.31 and a 1 year high of $157.65.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The business had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up 27.0% on a year-over-year basis. equities analysts expect that Palo Alto Networks will post -0.5 earnings per share for the current year.

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In related news, insider Nir Zuk sold 146,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $149.86, for a total transaction of $21,879,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Mark Anderson sold 44,429 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the sale, the president now directly owns 176,290 shares of the company’s stock, valued at approximately $25,227,099. The disclosure for this sale can be found here. Insiders have sold 284,744 shares of company stock valued at $42,239,296 in the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC increased its position in shares of Palo Alto Networks by 785.0% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock valued at $134,000 after acquiring an additional 887 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Palo Alto Networks by 24.4% during the second quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock valued at $156,000 after acquiring an additional 229 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Palo Alto Networks during the third quarter valued at approximately $162,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Palo Alto Networks by 495.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock valued at $178,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Palo Alto Networks by 30.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock valued at $188,000 after acquiring an additional 322 shares in the last quarter. 78.34% of the stock is owned by institutional investors.

Palo Alto Networks Company Profile

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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