Palo Alto Networks, Inc. (NYSE:PANW) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group LLC lowered their price target on Palo Alto Networks to $130.00 in a report on Wednesday, March 1st. BTIG Research lowered their price target on Palo Alto Networks from $190.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Maxim Group lowered their price target on Palo Alto Networks from $185.00 to $168.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Stifel Nicolaus lowered their price target on Palo Alto Networks from $210.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Finally, Dougherty & Co lowered their price target on Palo Alto Networks from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Twenty investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Palo Alto Networks currently has a consensus rating of “Buy” and an average price target of $150.26.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Shares of Palo Alto Networks (NYSE:PANW) traded up 0.410% during trading on Friday, reaching $132.873. The company’s stock had a trading volume of 706,378 shares. The firm’s market capitalization is $12.20 billion. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69. The company has a 50 day moving average price of $124.20 and a 200 day moving average price of $127.18.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Wednesday, May 31st. The network technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $431.80 million for the quarter, compared to analysts’ expectations of $412.11 million. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, equities research analysts expect that Palo Alto Networks will post $2.59 EPS for the current fiscal year.

WARNING: “Palo Alto Networks, Inc. (PANW) Raised to C- at TheStreet” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/06/21/palo-alto-networks-inc-panw-raised-to-c-at-thestreet.html.

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its stake in shares of Palo Alto Networks by 3.9% in the third quarter. Morgan Stanley now owns 1,825,452 shares of the network technology company’s stock valued at $290,849,000 after buying an additional 67,884 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of Palo Alto Networks by 9.3% in the fourth quarter. Arcadia Investment Management Corp MI now owns 43,470 shares of the network technology company’s stock valued at $7,657,000 after buying an additional 3,705 shares in the last quarter. Palo Capital Inc. increased its stake in shares of Palo Alto Networks by 14.0% in the first quarter. Palo Capital Inc. now owns 2,436 shares of the network technology company’s stock valued at $274,000 after buying an additional 300 shares in the last quarter. Braun Stacey Associates acquired a new stake in shares of Palo Alto Networks during the third quarter valued at $9,610,000. Finally, Fortaleza Asset Management Inc. increased its stake in shares of Palo Alto Networks by 8.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 23,805 shares of the network technology company’s stock valued at $4,193,000 after buying an additional 1,765 shares in the last quarter. Institutional investors own 80.65% of the company’s stock.

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.

Receive News & Ratings for Palo Alto Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.