Palo Alto Networks Inc (NYSE:PANW)‘s stock had its “outperform” rating restated by equities research analysts at Oppenheimer Holdings Inc. in a research note issued on Tuesday. They presently have a $173.00 target price on the network technology company’s stock. Oppenheimer Holdings Inc.’s price objective indicates a potential upside of 46.46% from the stock’s previous close.

PANW has been the subject of a number of other research reports. Dougherty & Co dropped their price target on Palo Alto Networks from $180.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 1st. FBN Securities downgraded Palo Alto Networks from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $135.00 to $115.00 in a research report on Monday, April 17th. Jefferies Group LLC dropped their price target on Palo Alto Networks to $130.00 in a research report on Wednesday, March 1st. Vetr upgraded Palo Alto Networks from a “hold” rating to a “strong-buy” rating and set a $142.35 price target for the company in a research report on Wednesday, March 1st. Finally, Imperial Capital downgraded Palo Alto Networks from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $180.00 to $137.00 in a research report on Wednesday, March 1st. Fifteen equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $149.44.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Shares of Palo Alto Networks (NYSE:PANW) traded up 0.86% on Tuesday, reaching $118.12. The company’s stock had a trading volume of 1,348,579 shares. The firm’s 50-day moving average price is $112.86 and its 200-day moving average price is $129.57. The stock’s market cap is $10.87 billion. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $165.69.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Tuesday, February 28th. The network technology company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The firm had revenue of $422.60 million during the quarter, compared to the consensus estimate of $429.91 million. Palo Alto Networks had a negative return on equity of 35.75% and a negative net margin of 16.83%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. On average, analysts forecast that Palo Alto Networks will post $2.48 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in PANW. WFG Advisors LP increased its stake in Palo Alto Networks by 5.9% in the first quarter. WFG Advisors LP now owns 900 shares of the network technology company’s stock valued at $101,000 after buying an additional 50 shares during the period. Global X Management Co. LLC increased its stake in Palo Alto Networks by 31.9% in the first quarter. Global X Management Co. LLC now owns 939 shares of the network technology company’s stock valued at $106,000 after buying an additional 227 shares during the period. Independent Advisor Alliance bought a new stake in Palo Alto Networks during the fourth quarter valued at approximately $115,000. Integrated Investment Consultants LLC bought a new stake in Palo Alto Networks during the first quarter valued at approximately $120,000. Finally, First Interstate Bank increased its stake in Palo Alto Networks by 130.7% in the first quarter. First Interstate Bank now owns 1,375 shares of the network technology company’s stock valued at $155,000 after buying an additional 779 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

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.

12 Month Chart for NYSE:PANW

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