Credit Suisse Maintains Palo Alto Networks (NYSE:PANW) As a Underweight; They Now Have a Price Objective Of $185

September 8, 2018 - By Mark Babin

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

Investors sentiment decreased to 1.18 in 2018 Q1. 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.

Asset Mgmt Incorporated invested in 0.01% or 2,377 shares. Wealthtrust reported 10 shares. Arizona State Retirement Systems owns 20,760 shares. Advisors Cap Mngmt Limited Liability Co reported 0.27% stake. Tci Wealth Advsr holds 10 shares. Heritage Investors Mngmt invested in 0.55% or 48,698 shares. Kornitzer Mngmt Ks reported 0.06% stake. Bankshares Of America Corporation De invested in 1.28M shares or 0.04% of the stock. Eagleclaw Cap Managment Limited Liability Company accumulated 7,415 shares. Columbia Asset Mngmt reported 0.06% in Palo Alto Networks, Inc. (NYSE:PANW). Rothschild Invest Corp Il holds 45,590 shares or 1.06% of its portfolio. First Mercantile Trust owns 0.06% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 1,448 shares. Goodwin Daniel L reported 0.4% stake. Victory Management has 236,661 shares for 0.09% of their portfolio. Ontario – Canada-based Ci Global has invested 0% in Palo Alto Networks, Inc. (NYSE:PANW).

Since March 6, 2018, it had 2 insider purchases, and 21 selling transactions for $56.50 million activity. Another trade for 30,000 shares valued at $5.39M was sold by ZUK NIR. The insider MCLAUGHLIN MARK D sold $8.09 million. $99,485 worth of stock was sold by Bonanno Kathleen on Wednesday, August 22. 33,255 shares were bought by Arora Nikesh, worth $6.62M on Thursday, June 7. On Tuesday, March 13 the insider MERESMAN STANLEY J sold $373,709. Klarich Lee sold $1.80M worth of stock.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

Recently, In a report published on Friday, 7 September, Palo Alto Networks (NYSE:PANW) shares have had their Underweight Rating maintained by research professionals at Credit Suisse, who currently has a $185 price target on company. This target by Credit Suisse would indicate the possibile downside of -18.72 % from the previous close.

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. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Overweight” rating given on Tuesday, June 5 by Morgan Stanley. The firm earned “Outperform” rating on Tuesday, June 5 by Wells Fargo. Gabelli downgraded the stock to “Hold” rating in Monday, April 30 report. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, May 31. Barclays Capital maintained it with “Overweight” rating and $263 target in Friday, September 7 report. The rating was maintained by Wells Fargo with “Outperform” on Thursday, June 28. The stock has “Overweight” rating by Barclays Capital on Wednesday, May 30. JMP Securities maintained Palo Alto Networks, Inc. (NYSE:PANW) on Monday, June 4 with “Market Outperform” rating. On Friday, April 20 the stock rating was maintained by Cowen & Co with “Buy”. The company was maintained on Friday, September 7 by Citigroup.

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: “Stocks To Watch: Time To Talk Valuation” on September 01, 2018, also Seekingalpha.com with their article: “Earnings Preview For Palo Alto Networks” published on September 02, 2018, Schaeffersresearch.com published: “Nasdaq Set to Snap Losing Streak as Tech Outperforms” on September 07, 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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