Palo Alto Networks (NYSE:PANW) “Overweight” Rating Reconfirmed Today By Barclays; The TP is Set to $263

September 8, 2018 - By Catherine Diaz

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 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.

Bluestein R H And Communication reported 3,050 shares. Columbia Asset stated it has 1,150 shares. Denver Invest Limited Co invested 0.83% in Palo Alto Networks, Inc. (NYSE:PANW). Wealthtrust holds 0% in Palo Alto Networks, Inc. (NYSE:PANW) or 10 shares. Virtu Fincl Ltd Company accumulated 1,478 shares or 0.01% of the stock. Renaissance Technology Ltd Liability Corporation has 4.45M shares for 0.88% of their portfolio. Ithaka Group Incorporated Limited Liability Co invested in 0.03% or 1,104 shares. Moreover, Highlander Cap Ltd Liability Com has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW). Flossbach Von Storch Ag invested in 150,906 shares or 0.28% of the stock. Wells Fargo And Company Mn holds 0.03% or 607,318 shares in its portfolio. Geode Cap Management invested in 679,052 shares. Fairfield Bush And Com reported 2,010 shares. Eventide Asset Ltd Liability reported 104,000 shares. Winslow Evans & Crocker invested in 0% or 3,180 shares. Glob X Ltd holds 0% or 1,298 shares in its portfolio.

Since March 6, 2018, it had 2 buys, and 21 insider sales for $56.50 million activity. MERESMAN STANLEY J had sold 1,980 shares worth $369,844. The insider MCLAUGHLIN MARK D sold $9.93 million. Anderson Mark sold $6.25M worth of Palo Alto Networks, Inc. (NYSE:PANW) on Tuesday, July 3. 467 shares were sold by Bonanno Kathleen, worth $99,485. $2.69M worth of Palo Alto Networks, Inc. (NYSE:PANW) shares were sold by BONVANIE RENE. 30,000 Palo Alto Networks, Inc. (NYSE:PANW) shares with value of $5.76 million were sold by ZUK NIR.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

Professional analysts at Barclays now has a $263 TP on Palo Alto Networks (NYSE:PANW). Barclays and their recent TP would suggest a potential upside of 15.55 % from the company’s current stock price. The rating has been revealed to investors in an analyst note on 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. The company was maintained on Tuesday, June 5 by Wells Fargo. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Outperform” rating by Raymond James on Wednesday, September 5. Gabelli downgraded Palo Alto Networks, Inc. (NYSE:PANW) on Monday, April 30 to “Hold” rating. The rating was maintained by Deutsche Bank on Thursday, May 24 with “Buy”. The company was maintained on Tuesday, June 5 by Morgan Stanley. The firm has “Market Outperform” rating by JMP Securities given on Friday, September 7. The rating was maintained by Cowen & Co on Friday, April 20 with “Buy”. Credit Suisse maintained the shares of PANW in report on Tuesday, June 5 with “Underweight” rating. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Overweight” rating by Barclays Capital on Wednesday, May 30. Maxim Group maintained the stock with “Buy” rating in Tuesday, June 5 report.

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: Nasdaq.com which released: “Palo Alto Networks Stock Rises on Strong Q4 Earnings, Revenue” on September 06, 2018, also Schaeffersresearch.com with their article: “Analyst Targets 154% Upside for Zogenix Stock” published on September 07, 2018, Seekingalpha.com published: “Palo Alto: Q4 2018 Confirms Growth” on September 07, 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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