Todays Report: Today, Palo Alto Networks Inc. (PANW) PT Set at $210.00 by Stifel Nicolaus

Today, Palo Alto Networks Inc. (PANW) PT Set at $210.00 by Stifel Nicolaus

Palo Alto Networks Inc. (NYSE:PANW) has been assigned a $210.00 target price by stock analysts at Stifel Nicolaus in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the network technology company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 48.40% from the stock’s current price.

Other research analysts also recently issued reports about the company. Nomura restated a “buy” rating and set a $200.00 target price on shares of Palo Alto Networks in a research note on Wednesday, August 24th. Vetr upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $152.42 price target on the stock in a research note on Monday, August 22nd. Barclays PLC set a $184.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research note on Friday, August 19th. Maxim Group dropped their price target on Palo Alto Networks from $215.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, August 31st. Finally, Wunderlich reiterated a “buy” rating and set a $190.00 price target on shares of Palo Alto Networks in a research note on Wednesday, August 31st. 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 assigned a strong buy rating to the company. Palo Alto Networks presently has an average rating of “Buy” and an average price target of $180.45.

Palo Alto Networks (NYSE:PANW) traded up 1.30% during mid-day trading on Thursday, hitting $141.51. The company had a trading volume of 1,027,239 shares. The company has a 50-day moving average price of $152.25 and a 200 day moving average price of $140.32. Palo Alto Networks has a 12 month low of $111.09 and a 12 month high of $194.73. The firm’s market capitalization is $12.71 billion.

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

In other Palo Alto Networks news, CFO Steffan Tomlinson sold 2,332 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $148.98, for a total value of $347,421.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Warmenhoven sold 1,950 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $153.75, for a total value of $299,812.50. Following the completion of the sale, the director now directly owns 530 shares in the company, valued at approximately $81,487.50. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in Palo Alto Networks during the second quarter worth about $2,381,000. Tocqueville Asset Management L.P. increased its stake in Palo Alto Networks by 7.4% in the second quarter. Tocqueville Asset Management L.P. now owns 83,440 shares of the network technology company’s stock worth $10,233,000 after buying an additional 5,785 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Palo Alto Networks by 3.8% in the second quarter. Essex Investment Management Co. LLC now owns 84,320 shares of the network technology company’s stock worth $10,341,000 after buying an additional 3,116 shares during the last quarter. Trillium Asset Management LLC increased its stake in Palo Alto Networks by 8.4% in the second quarter. Trillium Asset Management LLC now owns 117,742 shares of the network technology company’s stock worth $14,440,000 after buying an additional 9,134 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in Palo Alto Networks by 24.2% in the second quarter. Penserra Capital Management LLC now owns 223,416 shares of the network technology company’s stock worth $27,400,000 after buying an additional 43,521 shares during the last quarter. Institutional investors own 82.82% of the company’s stock.

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