Breaking: UBS Reaffirms $232 PT On Palo Alto Networks (NYSE:PANW) Shares, Reaffirms Their Original Neutral Rating

September 8, 2018 - By Jack Shaw

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 dived, 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.

Panagora Asset Mngmt Inc holds 0.02% or 23,533 shares. 273,800 are owned by Arrowstreet Cap Partnership. Barclays Public Ltd Com reported 0.01% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Comerica Financial Bank has 8,974 shares for 0.01% of their portfolio. Weiss Multi stated it has 0.26% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Nuwave Inv Mgmt Llc, a New Jersey-based fund reported 1,036 shares. 58,500 were accumulated by Highland Cap Mgmt Ltd Partnership. Moreover, Raymond James Financial Svcs Inc has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 37,035 shares. Telemus Cap Lc has invested 0.19% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Nomura Hldg Inc has 33,591 shares for 0% of their portfolio. Citizens & Northern Corp has invested 0.85% in Palo Alto Networks, Inc. (NYSE:PANW). Hm Payson Commerce owns 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 5,600 shares. Natl Pension Serv has invested 0.09% in Palo Alto Networks, Inc. (NYSE:PANW). Great West Life Assurance Can has invested 0.02% in Palo Alto Networks, Inc. (NYSE:PANW). United Service Automobile Association reported 0.01% stake.

Since March 6, 2018, it had 2 insider buys, and 21 sales for $56.50 million activity. $373,709 worth of stock was sold by MERESMAN STANLEY J on Tuesday, March 13. ZUK NIR also sold $6.39 million worth of Palo Alto Networks, Inc. (NYSE:PANW) on Monday, June 18. Anderson Mark sold 30,000 shares worth $6.25M. On Tuesday, July 10 the insider Klarich Lee sold $1.03 million. 55,000 Palo Alto Networks, Inc. (NYSE:PANW) shares with value of $9.93M were sold by MCLAUGHLIN MARK D. $13.38M worth of Palo Alto Networks, Inc. (NYSE:PANW) was bought by Arora Nikesh.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

Palo Alto Networks (NYSE:PANW) just had their share rating of a ‘Neutral’ issued by research analysts at UBS, who now has a $232 PT on the $21.14 billion market cap company or a 1.93 % upside potential. This key information was revealed to clients and investors in analysts note on Friday morning.

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. Stifel Nicolaus maintained it with “Buy” rating and $260 target in Friday, September 7 report. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by Jefferies on Monday, June 4. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, May 30. Cowen & Co maintained it with “Buy” rating and $20500 target in Friday, April 20 report. As per Friday, September 7, the company rating was maintained by JMP Securities. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Overweight” rating given on Friday, September 7 by Morgan Stanley. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by Maxim Group on Tuesday, June 5. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 24 report. The company was maintained on Friday, September 7 by BMO Capital Markets. Rosenblatt maintained Palo Alto Networks, Inc. (NYSE:PANW) on Thursday, May 31 with “Buy” rating.

The stock increased 3.29% or $7.24 during the last trading session, reaching $227.61. About 3.24 million 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: “Earnings Preview For Palo Alto Networks” on September 02, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Time To Talk Valuation” published on September 01, 2018, Nasdaq.com published: “Palo Alto Networks Stock Rises on Strong Q4 Earnings, Revenue” on September 06, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Seekingalpha.com and their article: “Palo Alto: Q4 2018 Confirms Growth” published on September 07, 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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