Palo Alto Networks, Inc. (NYSE:PANW) was upgraded by equities researchers at FBN Securities from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports.

A number of other research analysts also recently commented on the stock. BMO Capital Markets increased their price target on shares of Palo Alto Networks from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Tuesday. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $173.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a report on Tuesday. Royal Bank Of Canada increased their price target on shares of Palo Alto Networks from $159.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $183.00 price target (up previously from $168.00) on shares of Palo Alto Networks in a report on Tuesday. Finally, Imperial Capital raised shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and increased their price target for the company from $137.00 to $165.00 in a report on Tuesday, September 5th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have given a buy rating to the company. Palo Alto Networks has a consensus rating of “Buy” and an average target price of $161.77.

Palo Alto Networks (PANW) traded down $0.19 on Tuesday, hitting $142.53. 4,428,800 shares of the company’s stock traded hands, compared to its average volume of 1,748,208. Palo Alto Networks has a twelve month low of $107.31 and a twelve month high of $162.64. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.69.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business had revenue of $505.50 million during the quarter, compared to the consensus estimate of $489.36 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 27.0% on a year-over-year basis. sell-side analysts forecast that Palo Alto Networks will post -0.5 EPS for the current fiscal year.

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In related news, insider Nir Zuk sold 28,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $148.05, for a total transaction of $4,145,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley J. Meresman sold 2,000 shares of the business’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 disclosure for this sale can be found here. Insiders have sold 284,744 shares of company stock valued at $42,239,296 over the last 90 days. 4.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in Palo Alto Networks by 55.1% in the third quarter. First Trust Advisors LP now owns 204,302 shares of the network technology company’s stock valued at $29,440,000 after buying an additional 72,573 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Palo Alto Networks by 32.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 95,049 shares of the network technology company’s stock valued at $12,719,000 after purchasing an additional 23,292 shares during the last quarter. Synovus Financial Corp boosted its holdings in Palo Alto Networks by 17.3% in the 2nd quarter. Synovus Financial Corp now owns 14,361 shares of the network technology company’s stock valued at $1,919,000 after purchasing an additional 2,122 shares during the last quarter. Cambridge Trust Co. boosted its holdings in Palo Alto Networks by 48.5% in the 3rd quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock valued at $19,758,000 after purchasing an additional 44,759 shares during the last quarter. Finally, Trellus Management Company LLC acquired a new position in Palo Alto Networks in the 3rd quarter valued at about $461,000. 78.34% of the stock is owned by institutional investors.

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.

The Fly

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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