Today Morgan Stanley Maintains a “Overweight” Rating on Palo Alto Networks (NYSE:PANW) and a $262 Target Price

September 8, 2018 - By Lisa Delgado

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 dropped, 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.

Fulton Breakefield Broenniman Limited Liability stated it has 1.1% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Stonebridge Cap Mngmt invested in 0.17% or 2,500 shares. Asset Mgmt reported 0.03% in Palo Alto Networks, Inc. (NYSE:PANW). State Of Wisconsin Inv Board accumulated 0.05% or 95,510 shares. Credit Suisse Ag holds 0.05% or 316,074 shares. Tremblant Cap Gru has invested 5.32% in Palo Alto Networks, Inc. (NYSE:PANW). Fukoku Mutual Life Ins accumulated 0.02% or 750 shares. Cadian Management Ltd Partnership owns 922,141 shares. 81,622 were reported by Harber Asset Mgmt. Pub Employees Retirement Systems Of Ohio reported 38,518 shares. Thompson Davis And Co holds 1,175 shares. Texas-based Bbt Capital Mgmt Ltd Llc has invested 0.29% in Palo Alto Networks, Inc. (NYSE:PANW). Adage Grp Lc holds 0.03% or 60,000 shares. Ardsley Advisory Prns holds 1.43% or 52,500 shares. Winfield Associate Incorporated holds 2,195 shares or 0.21% of its portfolio.

Since March 6, 2018, it had 2 buys, and 21 insider sales for $56.50 million activity. On Tuesday, July 3 the insider Anderson Mark sold $6.25 million. $7.17 million worth of Palo Alto Networks, Inc. (NYSE:PANW) shares were sold by MCLAUGHLIN MARK D. Another trade for 4,000 shares valued at $856,330 was made by Klarich Lee on Thursday, August 9. ZUK NIR had sold 30,000 shares worth $6.39 million. Bonanno Kathleen sold $99,485 worth of Palo Alto Networks, Inc. (NYSE:PANW) on Wednesday, August 22. $6.62 million worth of stock was bought by Arora Nikesh on Thursday, June 7.

Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

In a report sent to investors this morning, Morgan Stanley reconfirmed their “Overweight” rating on Palo Alto Networks (NYSE:PANW) shares. The target would suggest a possible upside of 15.11 % from company’s close price.

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 firm has “Overweight” rating by Morgan Stanley given on Tuesday, June 5. The firm has “Hold” rating by Gabelli given on Monday, April 30. The stock has “Outperform” rating by Wells Fargo on Tuesday, June 5. Morgan Stanley maintained it with “Overweight” rating and $262 target in Friday, September 7 report. The firm earned “Market Outperform” rating on Friday, September 7 by JMP Securities. Cowen & Co maintained the stock with “Buy” rating in Friday, April 20 report. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, May 30 report. Robert W. Baird maintained it with “Neutral” rating and $216 target in Tuesday, June 5 report. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Overweight” rating given on Wednesday, April 11 by Morgan Stanley. As per Thursday, June 28, the company rating was maintained by Wells Fargo.

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: Benzinga.com which released: “25 Stocks Moving In Friday’s Pre-Market Session” on September 07, 2018, also Seekingalpha.com with their article: “Palo Alto: Q4 2018 Confirms Growth” published on September 07, 2018, Schaeffersresearch.com published: “Analyst Targets 154% Upside for Zogenix Stock” on September 07, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Seekingalpha.com and their article: “Stocks To Watch: Time To Talk Valuation” published on September 01, 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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