Key Analysts at BMO Capital Reiterate their ‘Market Perform’ rating for Palo Alto Networks (NYSE:PANW) Shares Today. Their Price Target Given is $260

September 8, 2018 - By Richard Slagle

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.

Raymond James Fincl Svcs Advsrs reported 37,035 shares. West Oak Cap Limited Liability Company invested in 600 shares. Regent Invest Ltd Llc has invested 0.34% in Palo Alto Networks, Inc. (NYSE:PANW). Tiverton Asset Management Lc holds 0.32% or 25,378 shares in its portfolio. Anchor Cap Ltd Liability Corp invested in 13,000 shares. Moreover, Kistler has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 500 shares. Cibc Ww Markets holds 0.13% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 69,400 shares. Creative Planning owns 6,110 shares for 0% of their portfolio. Cubist Systematic Strategies Lc accumulated 56,080 shares or 0.6% of the stock. Badgley Phelps & Bell Incorporated has 0.02% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 1,480 shares. Wesbanco Fincl Bank stated it has 18,899 shares. Moreover, State Street has 0.03% invested in Palo Alto Networks, Inc. (NYSE:PANW). Shine Advisory Svcs Inc has invested 0.04% in Palo Alto Networks, Inc. (NYSE:PANW). Peloton Wealth Strategists holds 14,925 shares. Jericho Cap Asset L P holds 4.94% in Palo Alto Networks, Inc. (NYSE:PANW) or 497,268 shares.

Since March 6, 2018, it had 2 buys, and 21 sales for $56.50 million activity. BONVANIE RENE sold $2.69 million worth of stock or 13,503 shares. $1.16 million worth of stock was sold by Bonanno Kathleen on Monday, June 11. ZUK NIR sold $6.19M worth of Palo Alto Networks, Inc. (NYSE:PANW) on Monday, July 2. The insider Anderson Mark sold 30,000 shares worth $6.25M. Arora Nikesh bought $13.38M worth of stock. MERESMAN STANLEY J sold $369,844 worth of stock or 1,980 shares.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

In a research report revealed to clients and investors on Friday, 7 September, The Market Perform rating of Palo Alto Networks (NYSE:PANW) shares was kept at BMO Capital, who now has a $260 PT on the stock. BMO Capital’s PT means a possible upside of 14.23 % from the current price of the company.

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. KeyBanc Capital Markets maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Friday, September 7. KeyBanc Capital Markets has “Overweight” rating and $275 target. As per Friday, September 7, the company rating was maintained by JMP Securities. As per Tuesday, June 5, the company rating was maintained by Maxim Group. As per Thursday, May 24, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Friday, September 7 by Citigroup. Raymond James maintained the stock with “Outperform” rating in Wednesday, September 5 report. The firm has “Overweight” rating given on Tuesday, June 5 by Morgan Stanley. The stock has “Buy” rating by Rosenblatt on Thursday, May 31. The stock has “Outperform” rating by Wells Fargo on Tuesday, June 5. The rating was maintained by Credit Suisse on Tuesday, June 5 with “Underweight”.

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: “Stocks To Watch: Time To Talk Valuation” on September 01, 2018, also Nasdaq.com with their article: “Palo Alto Networks Stock Rises on Strong Q4 Earnings, Revenue” published on September 06, 2018, Benzinga.com published: “Palo Alto Posts ‘Healthy’ Q4 Print, But UBS Sees Need For M&A, Reinvestment” 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 Seekingalpha.com‘s news article titled: “Earnings Preview For Palo Alto Networks” with publication date: September 02, 2018.

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

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