Todays Report: Today, DA Davidson Reiterates “$186.00” Price Target for Palo Alto Networks Inc. (PANW)

Today, DA Davidson Reiterates “$186.00” Price Target for Palo Alto Networks Inc. (PANW)

DA Davidson set a $186.00 price objective on Palo Alto Networks Inc. (NYSE:PANW) in a research note published on Tuesday morning. The firm currently has a buy rating on the network technology company’s stock.

PANW has been the topic of several other reports. Zacks Investment Research cut shares of Palo Alto Networks from a hold rating to a strong sell rating in a research report on Tuesday, July 26th. Vetr cut shares of Palo Alto Networks from a strong-buy rating to a buy rating and set a $138.42 price target on the stock. in a research report on Monday, August 15th. Morgan Stanley reiterated an overweight rating and issued a $185.00 price target on shares of Palo Alto Networks in a research report on Wednesday, August 17th. Imperial Capital reiterated an outperform rating and issued a $190.00 price target on shares of Palo Alto Networks in a research report on Monday, September 19th. Finally, Wells Fargo & Co. reiterated an outperform rating on shares of Palo Alto Networks in a research report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $180.23.

Palo Alto Networks (NYSE:PANW) opened at 139.69 on Tuesday. Palo Alto Networks has a one year low of $111.09 and a one year high of $194.73. The stock’s 50 day moving average is $153.01 and its 200 day moving average is $140.31. The stock’s market capitalization is $12.54 billion.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Monday, November 21st. The network technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. The business had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $400.20 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 34.0% on a year-over-year basis. On average, equities analysts forecast that Palo Alto Networks will post $2.78 EPS for the current year.

In other Palo Alto Networks news, CEO Mark D. Mclaughlin sold 26,423 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $144.29, for a total transaction of $3,812,574.67. Following the completion of the sale, the chief executive officer now directly owns 540,880 shares of the company’s stock, valued at approximately $78,043,575.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl M. Eschenbach sold 894 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $159.08, for a total value of $142,217.52. Following the sale, the director now directly owns 2,940 shares of the company’s stock, valued at $467,695.20. The disclosure for this sale can be found here. Company insiders own 4.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. raised its position in 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. Ayalon Holdings Ltd. raised its position in 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. Toronto Dominion Bank raised its position in Palo Alto Networks by 59.3% in the third quarter. Toronto Dominion Bank now owns 774 shares of the network technology company’s stock valued at $123,000 after buying an additional 288 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Palo Alto Networks by 6.7% in the second quarter. Integrated Investment Consultants LLC now owns 1,040 shares of the network technology company’s stock valued at $128,000 after buying an additional 65 shares during the last quarter. Finally, Amica Retiree Medical Trust bought a new position in Palo Alto Networks during the third quarter valued at about $139,000. 82.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Company Profile

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