Palo Alto Networks, Inc. (NYSE:PANW)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a research note issued on Tuesday. They presently have a $180.00 price objective on the network technology company’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 26.29% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Piper Jaffray Companies set a $146.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub cut Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Maxim Group reaffirmed a “buy” rating and issued a $195.00 price target (up previously from $168.00) on shares of Palo Alto Networks in a report on Thursday, September 28th. Evercore ISI set a $145.00 price target on Palo Alto Networks and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $160.00 price target on shares of Palo Alto Networks in a report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have given a buy rating to the stock. Palo Alto Networks presently has a consensus rating of “Buy” and an average target price of $161.94.

Shares of Palo Alto Networks (NYSE:PANW) traded down $0.19 during mid-day trading on Tuesday, reaching $142.53. The company’s stock had a trading volume of 4,428,800 shares, compared to its average volume of 1,748,208. 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 has a 12 month low of $107.31 and a 12 month high of $162.64.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. 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 $505.50 million during the quarter, compared to the consensus estimate of $489.36 million. During the same period in the previous year, the firm posted $0.55 earnings per share. Palo Alto Networks’s quarterly revenue was up 27.0% compared to the same quarter last year. analysts predict that Palo Alto Networks will post -0.5 earnings per share for the current fiscal year.

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In other news, insider Nir Zuk sold 146,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $149.86, for a total value of $21,879,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $149.70, for a total transaction of $5,239,500.00. The disclosure for this sale can be found here. Insiders sold a total of 284,744 shares of company stock valued at $42,239,296 in the last three months. Insiders own 4.80% of the company’s stock.

Several large investors have recently modified their holdings of PANW. River & Mercantile Asset Management acquired a new position in Palo Alto Networks during the 4th quarter worth approximately $105,000. Wunderlich Capital Managemnt acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $103,000. Toronto Dominion Bank increased its position in Palo Alto Networks by 59.3% during the 3rd quarter. Toronto Dominion Bank now owns 774 shares of the network technology company’s stock worth $123,000 after purchasing an additional 288 shares in the last quarter. Independent Advisor Alliance acquired a new position in Palo Alto Networks during the 4th quarter worth approximately $115,000. Finally, Winslow Evans & Crocker Inc. increased its position in Palo Alto Networks by 10.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 814 shares of the network technology company’s stock worth $100,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 78.34% 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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