Palo Alto Networks, Inc. (NYSE:PANW)‘s stock had its “buy” rating reaffirmed by stock analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Tuesday. They currently have a $173.00 target price on the network technology company’s stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 24.76% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. BidaskClub cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Vetr raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $138.40 price objective for the company in a research note on Monday, July 31st. ValuEngine raised shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Imperial Capital reissued an “outperform” rating and issued a $137.00 price objective on shares of Palo Alto Networks in a research note on Friday, August 18th. Finally, Piper Jaffray Companies set a $146.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the stock. Palo Alto Networks has an average rating of “Buy” and a consensus target price of $160.33.

Palo Alto Networks (NYSE:PANW) traded down $1.68 on Tuesday, reaching $138.67. 1,093,200 shares of the company traded hands, compared to its average volume of 1,738,309. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 1.65.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.92). The company had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. research analysts predict that Palo Alto Networks will post -0.5 EPS for the current year.

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In other Palo Alto Networks news, Director Stanley J. Meresman sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total transaction of $302,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl M. Eschenbach sold 1,572 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the transaction, the director now owns 3,619 shares of the company’s stock, valued at $524,718.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 284,744 shares of company stock valued at $42,239,296. Company insiders own 4.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Winslow Evans & Crocker Inc. raised its position in shares of Palo Alto Networks by 10.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 814 shares of the network technology company’s stock valued at $100,000 after buying an additional 76 shares during the last quarter. WFG Advisors LP raised its position in shares of 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 last quarter. Ayalon Holdings Ltd. raised its position in shares of Palo Alto Networks by 110.0% in the second quarter. Ayalon Holdings Ltd. now owns 840 shares of the network technology company’s stock valued at $102,000 after buying an additional 440 shares during the last quarter. Wunderlich Capital Managemnt acquired a new stake in shares of Palo Alto Networks in the first quarter valued at about $103,000. Finally, River & Mercantile Asset Management acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at about $105,000. Institutional investors own 77.50% 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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