Today, Oppenheimer Holdings Inc. Reaffirmed “Outperform” Rating for Palo Alto Networks Inc. (PANW)

Today, Oppenheimer Holdings Inc. Reaffirmed “Outperform” Rating for Palo Alto Networks Inc. (PANW)

Palo Alto Networks Inc. (NYSE:PANW)‘s stock had its “outperform” rating reissued by Oppenheimer Holdings Inc. in a report released on Monday. They presently have a $184.00 price objective on the network technology company’s stock. Oppenheimer Holdings Inc.’s price target points to a potential upside of 35.04% from the stock’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada lowered their target price on shares of Palo Alto Networks from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 22nd. RBC Capital Markets lowered their target price on shares of Palo Alto Networks from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 22nd. BTIG Research reiterated a “buy” rating and issued a $190.00 target price on shares of Palo Alto Networks in a research note on Tuesday, November 22nd. Barclays PLC lowered their target price on shares of Palo Alto Networks from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd. Finally, JMP Securities lowered their target price on shares of Palo Alto Networks from $180.00 to $175.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $180.34.

Palo Alto Networks (NYSE:PANW) traded down 3.71% during midday trading on Monday, reaching $136.26. 3,227,223 shares of the company traded hands. 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 $12.24 billion. The firm’s 50 day moving average price is $152.25 and its 200 day moving average price is $140.32.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results 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. The business had revenue of $398.10 million for the quarter, compared to the consensus estimate of $400.20 million. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. Palo Alto Networks’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. On average, analysts expect that Palo Alto Networks will post $2.78 earnings per share for the current year.

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

Several institutional investors have recently modified their holdings of PANW. Winslow Evans & Crocker Inc. raised its position in shares of 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. increased 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 period. Toronto Dominion Bank increased 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 period. Integrated Investment Consultants LLC increased 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 period. Finally, Amica Retiree Medical Trust acquired a new position in Palo Alto Networks during the third quarter valued at approximately $139,000. 87.20% of the stock is currently owned by institutional investors.

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