Published On: Sat, Sep 17th, 2016

Palo Alto Networks Inc. (PANW) Rating Reiterated by Wunderlich

Palo Alto Networks Inc. (NYSE:PANW)‘s stock had its “buy” rating restated by Wunderlich in a note issued to investors on Tuesday. They presently have a $190.00 price objective on the network technology company’s stock. Wunderlich’s price objective suggests a potential upside of 27.43% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. BTIG Research reaffirmed a “buy” rating and issued a $210.00 target price on shares of Palo Alto Networks in a research report on Friday, May 27th. Nomura reaffirmed a “buy” rating and issued a $200.00 target price on shares of Palo Alto Networks in a research report on Monday, May 16th. Goldman Sachs Group Inc. decreased their target price on shares of Palo Alto Networks from $188.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Dougherty & Co decreased their target price on shares of Palo Alto Networks from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $177.00 target price on shares of Palo Alto Networks in a research report on Friday, May 27th. Eight investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $180.96.
Palo Alto Networks (NYSE:PANW) traded up 0.41% during mid-day trading on Tuesday, hitting $149.10. 1,932,559 shares of the stock were exchanged. The firm’s market cap is $13.55 billion. Palo Alto Networks has a 12-month low of $111.09 and a 12-month high of $194.73. The company has a 50 day moving average of $137.80 and a 200 day moving average of $139.45.

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Palo Alto Networks (NYSE:PANW) last posted its earnings results on Tuesday, August 30th. The network technology company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. Palo Alto Networks had a negative net margin of 16.39% and a negative return on equity of 34.28%. The company had revenue of $400.80 million for the quarter, compared to analysts’ expectations of $389.90 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Palo Alto Networks’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, equities analysts anticipate that Palo Alto Networks will post $2.78 earnings per share for the current fiscal year.
In other Palo Alto Networks news, EVP Mark Anderson sold 2,203 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $127.10, for a total transaction of $280,001.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nir Zuk sold 76,848 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $150.15, for a total value of $11,538,727.20. Following the sale, the insider now owns 1,983,157 shares in the company, valued at $297,771,023.55. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.
A number of large investors have recently bought and sold shares of PANW. Sigma Planning Corp increased its stake in Palo Alto Networks by 0.5% in the second quarter. Sigma Planning Corp now owns 2,162 shares of the network technology company’s stock valued at $265,000 after buying an additional 11 shares in the last quarter. American Money Management LLC increased its stake in Palo Alto Networks by 0.6% in the second quarter. American Money Management LLC now owns 3,375 shares of the network technology company’s stock valued at $414,000 after buying an additional 20 shares in the last quarter. Brinker Capital Inc. increased its stake in Palo Alto Networks by 1.1% in the second quarter. Brinker Capital Inc. now owns 2,211 shares of the network technology company’s stock valued at $271,000 after buying an additional 23 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in Palo Alto Networks by 1.3% in the second quarter. Newman Dignan & Sheerar Inc. now owns 2,000 shares of the network technology company’s stock valued at $245,000 after buying an additional 25 shares in the last quarter. Finally, EagleClaw Capital Managment LLC increased its stake in Palo Alto Networks by 3.6% in the first quarter. EagleClaw Capital Managment LLC now owns 1,425 shares of the network technology company’s stock valued at $233,000 after buying an additional 50 shares in the last quarter. Institutional investors own 81.40% of the company’s stock.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Company’s 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.

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