Palo Alto Networks, Inc. (NYSE:PANW) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other equities research analysts also recently commented on PANW. UBS AG reaffirmed a “neutral” rating and issued a $140.00 target price (up previously from $130.00) on shares of Palo Alto Networks in a research report on Monday, June 5th. Evercore ISI set a $140.00 target price on shares of Palo Alto Networks and gave the stock a “hold” rating in a research report on Saturday, June 17th. ValuEngine downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research report on Monday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $173.00 target price on shares of Palo Alto Networks in a research report on Monday. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Palo Alto Networks in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Palo Alto Networks presently has an average rating of “Buy” and an average price target of $157.91.

Palo Alto Networks (NYSE:PANW) traded down 1.19% during trading on Thursday, reaching $140.06. The company had a trading volume of 985,935 shares. The firm’s 50 day moving average price is $135.34 and its 200 day moving average price is $126.14. The firm’s market capitalization is $12.86 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 posted its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The company had revenue of $509.00 million during the quarter, compared to the consensus estimate of $487.53 million. During the same period last year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities research analysts forecast that Palo Alto Networks will post $3.33 EPS for the current year.

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In other Palo Alto Networks news, President Mark Anderson sold 44,429 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $143.10, for a total value of $6,357,789.90. Following the transaction, the president now directly owns 176,290 shares in the company, valued at approximately $25,227,099. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Goetz sold 30,000 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the completion of the transaction, the director now owns 271,645 shares in the company, valued at $37,478,860.65. The disclosure for this sale can be found here. Insiders have sold a total of 78,001 shares of company stock worth $11,014,834 over the last quarter. 4.80% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Endurance Wealth Management Inc. grew its stake in Palo Alto Networks by 0.3% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock worth $483,000 after acquiring an additional 11 shares in the last quarter. HM Payson & Co. grew its stake in Palo Alto Networks by 0.3% in the 1st quarter. HM Payson & Co. now owns 6,755 shares of the network technology company’s stock worth $761,000 after acquiring an additional 19 shares in the last quarter. NEXT Financial Group Inc grew its stake in Palo Alto Networks by 0.4% in the 2nd quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock worth $665,000 after acquiring an additional 19 shares in the last quarter. Capstone Asset Management Co. grew its stake in Palo Alto Networks by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock worth $306,000 after acquiring an additional 30 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Palo Alto Networks by 1.2% in the 1st quarter. Nordea Investment Management AB now owns 2,552 shares of the network technology company’s stock worth $288,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.

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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