18.62 % to Target, JMP Securities Reconfirms ‘”Market Outperform”’ Rating on Palo Alto Networks (NYSE:PANW) Shares Today

September 8, 2018 - By Megan Stone

Palo Alto Networks, Inc. (NYSE:PANW) Logo

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.04, from 1.22 in 2017Q4. It is negative, as 43 investors sold Palo Alto Networks, Inc. shares while 172 reduced holdings. 89 funds opened positions while 165 raised stakes. 72.18 million shares or 1.82% more from 70.89 million shares in 2017Q4 were reported.

Arcadia Inv Mi invested in 2.27% or 44,432 shares. Harvest Strategies Limited Liability Corp owns 150,000 shares. Avalon Global Asset Limited Liability Corporation holds 3.78% or 60,310 shares in its portfolio. Ww Asset Mngmt accumulated 0.03% or 3,291 shares. 1,480 were accumulated by Badgley Phelps And Bell Incorporated. Yorktown Management Rech holds 1,600 shares. 2,365 are owned by Mackenzie. Frontier Management Ltd Liability Corporation reported 0.66% in Palo Alto Networks, Inc. (NYSE:PANW). 700 were accumulated by Old Mutual Customised Solutions (Proprietary). 20,000 are held by Firsthand Cap Mgmt. Jabre Cap Prns Sa holds 3,129 shares or 0.12% of its portfolio. California Pub Employees Retirement Sys stated it has 172,321 shares. Legal & General Public Ltd Co has 0.07% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 481,005 shares. Wealthcare Cap Ltd Company, Virginia-based fund reported 75 shares. Washington-based First Washington has invested 2.6% in Palo Alto Networks, Inc. (NYSE:PANW).

Since March 6, 2018, it had 2 buys, and 21 sales for $56.50 million activity. Another trade for 40,000 shares valued at $7.17 million was made by MCLAUGHLIN MARK D on Monday, April 2. 30,000 shares were sold by ZUK NIR, worth $5.39 million. The insider MERESMAN STANLEY J sold 1,979 shares worth $402,788. Klarich Lee had sold 4,000 shares worth $856,330. Arora Nikesh bought $6.62 million worth of Palo Alto Networks, Inc. (NYSE:PANW) on Thursday, June 7. Another trade for 30,000 shares valued at $6.25 million was made by Anderson Mark on Tuesday, July 3.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

Research professionals at JMP Securities now has a $270 TP on Palo Alto Networks (NYSE:PANW). JMP Securities and their recent TP gives a potential upside of 18.62 % from the company’s current price. The rating has been disclosed in a research note on Friday, 7 September.

Palo Alto Networks, Inc. (NYSE:PANW) Ratings Coverage

Among 18 analysts covering Palo Alto Networks (NYSE:PANW), 13 have Buy rating, 1 Sell and 4 Hold. Therefore 72% are positive. Palo Alto Networks has $275 highest and $175 lowest target. $245.18’s average target is 7.72% above currents $227.61 stock price. Palo Alto Networks had 27 analyst reports since April 11, 2018 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $23900 target in Monday, June 4 report. The rating was maintained by Rosenblatt with “Buy” on Thursday, May 31. The rating was maintained by Morgan Stanley with “Overweight” on Friday, September 7. The firm has “Buy” rating given on Thursday, May 24 by Deutsche Bank. The stock has “Neutral” rating by Robert W. Baird on Tuesday, June 5. The firm has “Underweight” rating given on Tuesday, June 5 by Credit Suisse. As per Tuesday, June 5, the company rating was maintained by Morgan Stanley. The rating was maintained by JMP Securities on Monday, June 4 with “Market Outperform”. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Outperform” rating given on Thursday, June 28 by Wells Fargo. Credit Suisse maintained the stock with “Underweight” rating in Friday, September 7 report.

The stock increased 3.29% or $7.24 during the last trading session, reaching $227.61. About 3.24M shares traded or 153.58% up from the average. Palo Alto Networks, Inc. (NYSE:PANW) has risen 77.91% since September 8, 2017 and is uptrending. It has outperformed by 65.34% the S&P500.

Palo Alto Networks, Inc. provides security platform solutions worldwide. The company has market cap of $21.14 billion. The Company’s platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks. It currently has negative earnings. The firm provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customerÂ’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.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Seekingalpha.com which released: “Palo Alto: Q4 2018 Confirms Growth” on September 07, 2018, also Nasdaq.com with their article: “Palo Alto Networks Stock Rises on Strong Q4 Earnings, Revenue” published on September 06, 2018, Seekingalpha.com published: “Stocks To Watch: Time To Talk Valuation” on September 01, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Seekingalpha.com and their article: “Earnings Preview For Palo Alto Networks” published on September 02, 2018 as well as Schaeffersresearch.com‘s news article titled: “Analyst Targets 154% Upside for Zogenix Stock” with publication date: September 07, 2018.

Palo Alto Networks, Inc. (NYSE:PANW) Institutional Positions Chart

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