New York: Palo Alto Networks (NYSE:PANW) Stock Has Just Had Its Market Perform Rating Reiterated by BMO Capital Markets. Shares now Have a $260 Target

September 8, 2018 - By Jason Dias

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 turned 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.

Andra Ap invested in 24,900 shares or 0.12% of the stock. The California-based Glynn Mngmt Llc has invested 4.92% in Palo Alto Networks, Inc. (NYSE:PANW). Fmr reported 0.01% in Palo Alto Networks, Inc. (NYSE:PANW). Fund Management Sa owns 41,732 shares. Nicholas Ptnrs Limited Partnership holds 9,589 shares or 0.12% of its portfolio. Northwestern Mutual Wealth Mgmt reported 2,797 shares or 0% of all its holdings. Reliance Tru Comm Of Delaware holds 0.12% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 4,431 shares. Klingenstein Fields And Limited Company invested in 175,685 shares or 1.22% of the stock. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% or 1,400 shares in its portfolio. Eagleclaw Capital Managment Ltd Limited Liability Company has 0.68% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 7,415 shares. Kornitzer Cap Mngmt Ks stated it has 20,030 shares. Pinnacle Associates has invested 0.15% in Palo Alto Networks, Inc. (NYSE:PANW). Financial Bank reported 1,265 shares. First Washington Corporation reported 27,589 shares. State Street Corporation has 0.03% invested in Palo Alto Networks, Inc. (NYSE:PANW).

Since March 6, 2018, it had 2 insider purchases, and 21 sales for $56.50 million activity. The insider Arora Nikesh bought $6.62 million. 40,000 shares were sold by MCLAUGHLIN MARK D, worth $7.17M. Another trade for 467 shares valued at $99,485 was made by Bonanno Kathleen on Wednesday, August 22. Klarich Lee also sold $1.03 million worth of Palo Alto Networks, Inc. (NYSE:PANW) on Tuesday, July 10. ZUK NIR sold $5.76 million worth of Palo Alto Networks, Inc. (NYSE:PANW) on Tuesday, May 1. MERESMAN STANLEY J sold $419,877 worth of stock or 1,979 shares.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

BMO Capital Markets now has a $260 target price on the $21.14B market cap company or 14.23 % upside potential. In a report revealed to clients on Friday, 7 September, Palo Alto Networks (NYSE:PANW) shares have had their Market Perform Rating restate by stock research analysts at BMO Capital Markets.

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

Among 15 analysts covering Palo Alto Networks (NYSE:PANW), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Palo Alto Networks has $26200 highest and $175 lowest target. $231.50’s average target is 1.71% above currents $227.61 stock price. Palo Alto Networks had 18 analyst reports since April 11, 2018 according to SRatingsIntel. The company was downgraded on Monday, April 30 by Gabelli. Rosenblatt maintained Palo Alto Networks, Inc. (NYSE:PANW) on Thursday, May 31 with “Buy” rating. Raymond James maintained it with “Outperform” rating and $254 target in Wednesday, September 5 report. The rating was maintained by Credit Suisse with “Underweight” on Tuesday, June 5. The firm has “Market Perform” rating given on Thursday, May 31 by BMO Capital Markets. The firm earned “Overweight” rating on Wednesday, April 11 by Morgan Stanley. The rating was maintained by Jefferies on Monday, June 4 with “Buy”. The company was maintained on Tuesday, June 5 by Robert W. Baird. Wells Fargo maintained Palo Alto Networks, Inc. (NYSE:PANW) on Thursday, June 28 with “Outperform” rating. Barclays Capital maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Wednesday, May 30. Barclays Capital has “Overweight” rating and $235 target.

The stock increased 3.29% or $7.24 during the last trading session, reaching $227.61. About 3.24 million shares traded or 157.05% 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: Investorplace.com which released: “Palo Alto Networks Stock Rises on Strong Q4 Earnings, Revenue” on September 06, 2018, also Benzinga.com with their article: “Palo Alto Posts ‘Healthy’ Q4 Print, But UBS Sees Need For M&A, Reinvestment” published on September 07, 2018, Benzinga.com published: “Earnings Scheduled For September 6, 2018” on September 06, 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: “Nasdaq Set to Snap Losing Streak as Tech Outperforms” with publication date: September 07, 2018.

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

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