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Palo Alto Networks (NASDAQ:PANW) was downgraded by investment analysts at Gabelli from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on PANW. Analysts at Pacific Crest raised their price target on shares of Palo Alto Networks from $75.00 to $90.00 in a research note on Tuesday. Separately, analysts at Needham & Company raised their price target on shares of Palo Alto Networks from $59.00 to $87.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Palo Alto Networks from $59.00 to $70.00 in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Palo Alto Networks presently has a consensus rating of “Buy” and a consensus price target of $66.04.

Palo Alto Networks (NASDAQ:PANW) opened at 76.78 on Tuesday. Palo Alto Networks has a one year low of $39.08 and a one year high of $79.99. The stock has a 50-day moving average of $64.59 and a 200-day moving average of $51.73. The company’s market cap is $5.566 billion.

Palo Alto Networks (NASDAQ:PANW) last released its earnings data on Monday, February 24th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. The company had revenue of $141.10 million for the quarter, compared to the consensus estimate of $139.62 million. Analysts expect that Palo Alto Networks will post $0.42 EPS for the current fiscal year.

In other Palo Alto Networks news, CMO Rene Bonvanie sold 50,000 shares of the company’s stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $72.00, for a total transaction of $3,600,000.00. Following the transaction, the chief marketing officer now directly owns 226,578 shares in the company, valued at approximately $16,313,616. The sale was disclosed in a filing with the SEC, which is available at this link.

Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.

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