A number of firms have modified their ratings and price targets on shares of Palo Alto Networks (NYSE: PANW) recently:

  • 2/7/2019 – Palo Alto Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Palo Alto is benefiting from product strength and its growing adoption among clients. Strong demand environment, product launches and increasing acceptance of its next-generation security platforms are a tailwind. Customer wins coupled with expansion of the existing customer base are other positives. The company’s buyouts of LightCyber, Secdo and RedLock will consistently broaden its portfolio and global reach. The stock has outperformed the industry in the past year. Estimates have been stable ahead of the company's second-quarter earnings release. The company boasts an impressive record of earnings surprises in recent quarters. Nonetheless, competition from several small and big players remains a concern. Heavy investments to enhance its sales and marketing capabilities, particularly by increasing the sales force, are an overhang on the operating margins.”
  • 2/6/2019 – Palo Alto Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $247.00 price target on the stock. According to Zacks, “Palo Alto is benefiting from product strength and its growing adoption among clients. Strong demand environment, product launches and increasing acceptance of its next-generation security platforms are a tailwind. Customer wins coupled with expansion of the existing customer base are other positives. The company’s buyouts of LightCyber, Secdo and RedLock will consistently broaden its portfolio and global reach. The stock has outperformed the industry in the past year. Estimates have been stable ahead of the company's second-quarter earnings release. The company boasts an impressive record of earnings surprises in recent quarters. Nonetheless, competition from several small and big players remains a concern. Heavy investments to enhance its sales and marketing capabilities, particularly by increasing the sales force, are an overhang on the operating margins.”
  • 2/4/2019 – Palo Alto Networks was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 1/28/2019 – Palo Alto Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Palo Alto is benefiting from product strength and growing adoption among clients. Healthy demand environment, new product launches and increasing adoption of its next-generation security platforms are a tailwind. Customer wins coupled with expansion of the existing customer base are the other positives. Shares have outperformed the industry in the past year. Estimates have been stable ahead of the company's Q2 earnings release. The company has positive record of earnings surprises in recent quarters. Nonetheless, competition from several small and big players remains concern. Near-term prospects for Palo Alto are challenging as changing customer spending behaviour has recently hit several other players in this space.”
  • 1/25/2019 – Palo Alto Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $236.00 price target on the stock. According to Zacks, “Palo Alto is benefiting from product strength and growing adoption among clients. Healthy demand environment, new product launches and increasing adoption of its next-generation security platforms are a tailwind. Customer wins coupled with expansion of the existing customer base are the other positives. Shares have outperformed the industry in the past year. Estimates have been stable ahead of the company's Q2 earnings release. The company has positive record of earnings surprises in recent quarters. Nonetheless, competition from several small and big players remains concern. Near-term prospects for Palo Alto are challenging as changing customer spending behaviour has recently hit several other players in this space.”
  • 1/24/2019 – Palo Alto Networks was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $265.00 price target on the stock, up previously from $225.00.
  • 1/22/2019 – Palo Alto Networks was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $240.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/22/2019 – Palo Alto Networks was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $250.00 price target on the stock.
  • 1/21/2019 – Palo Alto Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Palo Alto is benefiting from product strength and growing adoption among clients. Healthy demand environment, new product launches and increasing adoption of its next-generation security platforms are a tailwind. Customer wins coupled with expansion of the existing customer base are the other positives. Shares have outperformed the industry in the past year. Nonetheless, competition from several small and big players remains concern. Near-term prospects for Palo Alto are challenging as changing customer spending behaviour has recently hit several other players in this space.”
  • 1/18/2019 – Palo Alto Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $228.00 price target on the stock. According to Zacks, “Palo Alto is benefiting from product strength and growing adoption among clients. Healthy demand environment, new product launches and increasing adoption of its next-generation security platforms are a tailwind. Customer wins coupled with expansion of the existing customer base are the other positives. Shares have outperformed the industry in the past year. Nonetheless, competition from several small and big players remains concern. Near-term prospects for Palo Alto are challenging as changing customer spending behaviour has recently hit several other players in this space.”

NYSE:PANW traded down $0.76 during trading hours on Monday, hitting $223.86. The stock had a trading volume of 1,111,426 shares, compared to its average volume of 1,192,919. Palo Alto Networks Inc has a one year low of $153.43 and a one year high of $239.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $21.31 billion, a PE ratio of -407.02, a PEG ratio of 13.47 and a beta of 0.91.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Thursday, November 29th. The network technology company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. The firm had revenue of $656.00 million during the quarter, compared to the consensus estimate of $632.16 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 30.7% on a year-over-year basis. On average, sell-side analysts forecast that Palo Alto Networks Inc will post 0.71 earnings per share for the current year.

In related news, EVP Nir Zuk sold 30,000 shares of the stock in a transaction on Friday, December 7th. The shares were sold at an average price of $177.48, for a total transaction of $5,324,400.00. Following the completion of the transaction, the executive vice president now owns 1,076,683 shares in the company, valued at $191,089,698.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley J. Meresman sold 1,958 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $177.48, for a total transaction of $347,505.84. Following the transaction, the director now owns 1,658 shares of the company’s stock, valued at approximately $294,261.84. The disclosure for this sale can be found here. Insiders sold 157,024 shares of company stock valued at $31,265,111 in the last ninety days. Insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Palo Alto Networks by 1.2% in the third quarter. Vanguard Group Inc. now owns 7,709,183 shares of the network technology company’s stock valued at $1,736,571,000 after acquiring an additional 94,743 shares during the last quarter. Navellier & Associates Inc lifted its stake in shares of Palo Alto Networks by 23.9% during the 4th quarter. Navellier & Associates Inc now owns 3,317 shares of the network technology company’s stock worth $625,000 after buying an additional 639 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Palo Alto Networks by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,037 shares of the network technology company’s stock worth $19,116,000 after buying an additional 1,165 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Palo Alto Networks by 7.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 536,700 shares of the network technology company’s stock worth $120,897,000 after buying an additional 37,183 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its stake in shares of Palo Alto Networks by 0.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 27,497 shares of the network technology company’s stock worth $5,179,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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