Palo Alto Networks, Inc. (NYSE:PANW)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a research report issued on Tuesday.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $180.00 target price on shares of Palo Alto Networks in a report on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $173.00 target price (up previously from $155.00) on shares of Palo Alto Networks in a report on Tuesday. Royal Bank Of Canada increased their target price on shares of Palo Alto Networks from $159.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $183.00 target price (up previously from $168.00) on shares of Palo Alto Networks in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company currently 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 midday trading on Tuesday, reaching $142.53. 4,428,800 shares of the company traded hands, compared to its average volume of 1,748,208. Palo Alto Networks has a fifty-two week low of $107.31 and a fifty-two week high of $162.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.65 and a current ratio of 1.65.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The business had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. Palo Alto Networks’s revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. equities research 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, President Mark Anderson sold 44,429 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the transaction, the president now owns 176,290 shares in the company, valued at $25,227,099. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nir Zuk sold 28,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 284,744 shares of company stock worth $42,239,296. Insiders own 4.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of PANW. Vanguard Group Inc. boosted its holdings in Palo Alto Networks by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,262,069 shares of the network technology company’s stock worth $971,738,000 after acquiring an additional 254,836 shares in the last quarter. Jennison Associates LLC boosted its holdings in Palo Alto Networks by 11.4% in the third quarter. Jennison Associates LLC now owns 5,312,533 shares of the network technology company’s stock worth $846,446,000 after acquiring an additional 543,980 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Palo Alto Networks by 45.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,986,006 shares of the network technology company’s stock worth $878,235,000 after acquiring an additional 1,565,338 shares in the last quarter. American Century Companies Inc. boosted its holdings in Palo Alto Networks by 36.0% in the third quarter. American Century Companies Inc. now owns 2,376,862 shares of the network technology company’s stock worth $342,506,000 after acquiring an additional 629,523 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its holdings in Palo Alto Networks by 11.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,161,892 shares of the network technology company’s stock worth $344,454,000 after acquiring an additional 229,110 shares in the last quarter. 78.34% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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