Economy

Brokerages Set Palo Alto Networks, Inc. (NYSE:PANW) Target Price at $149.79

EL's profit would be $154.49M giving it 58.66 P/E if the $0.42 EPS is correct. About 88,037 shares traded. Estee Lauder Companies Inc (NYSE:EL) has risen 1.49% since August 1, 2016 and is uptrending. It has underperformed by 91.96% the S&P500. Finally, Monness Crespi & Hardt raised their price objective on Palo Alto Networks from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, June 1st. It has underperformed by 33.01% the S&P500.

Since March 6, 2017, it had 0 insider buys, and 3 insider sales for $995,352 activity. The insider BARSHEFSKY CHARLENE sold $221,571. The company's stock had a trading volume of 1,725,610 shares. The Q1 2018 consensus earnings estimates for the company have stabilized at US$0.68 per share. Perkins Coie holds 1,000 shares. $196,684 worth of stock was sold by Trower Alexandra C. on Tuesday, February 14.

November 22 investment analysts at Bernstein held the company rating at "Overweight" but lowered the price expectation from $196.00 to $175.00. Therefore 67% are positive.

Analysts await Cempra Inc (NASDAQ:CEMP) to report earnings on August, 7. (NYSE:PANW) have been assigned an average recommendation of "Buy" from the forty-nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Blair William And Company Il owns 216,222 shares. The rating was maintained by UBS with "Buy" on Friday, May 27. As per Thursday, January 5, the company rating was initiated by BMO Capital Markets.

On July 7 the company was set at "Buy" in a report from Citigroup which is up from the previous "Neutral" rating. Cleveland downgraded the shares of PANW in report on Wednesday, August 10 to "Neutral" rating.

Investors sentiment increased to 0.99 in 2016 Q4. Its up 0.01, from 0.91 in 2016Q3.

Institutional investors have recently bought and sold shares of the company. 66 funds opened positions while 180 raised stakes. Tudor Investment Corp Et Al reported 213,600 shares stake. New England Management holds 0.44% or 4,504 shares.

The company is now down by -0.46 percent from yesterday's close. Crestwood Ltd Llc, Massachusetts-based fund reported 4,164 shares. It is negative, as 51 investors sold BANC shares while 49 reduced holdings. Pinebridge Ltd Partnership has invested 0.02% in Banc of California Inc (NYSE:BANC). Kbc Grp Inc Incorporated Nv holds 458,112 shares or 0.35% of its portfolio. Dimensional Fund LP reported 0% of its portfolio in Cempra Inc (NASDAQ:CEMP). First Personal Fincl Serv has 46 shares. Cacti Asset Mngmt Llc owns 10,000 shares. Mark Sheptoff Planning Lc owns 2,380 shares. Seabridge Investment Advisors Ltd Liability Corp owns 60 shares for 0% of their portfolio. 13,795 are held by United Asset Strategies. Therefore 65% are positive. On average, equities research analysts expect that Palo Alto Networks, Inc. will post $2.59 EPS for the current fiscal year. The rating was downgraded by Jefferies to "Buy" on Thursday, June 1. Bridgecreek Investment Management Llc who had been investing in Palo Alto Networks Inc for a number of months, seems to be bullish on the $11.98 billion market cap company. Equity analyst Summit Redstone Partners began coverage of PANW giving it an initial rating of "Hold". The rating was maintained by Cowen & Co on Friday, May 26 with "Outperform". The firm has "Hold" rating given on Wednesday, May 31 by Evercore. They now have a Dollars 145 price target on the stock. As per Friday, May 27, the company rating was maintained by Dougherty & Company. Buckingham Research initiated Expeditors International of Washington (NASDAQ:EXPD) rating on Tuesday, December 15. Shares for $1.67 million were sold by ZUK NIR on Monday, February 6. Palo Alto Networks now has $12.11B valuation. The firm's stock has a market capitalization of $12.18 bln.

COPYRIGHT VIOLATION NOTICE: "OLD National Bancorp IN Takes Position in Palo Alto Networks, Inc". It now has negative earnings. The Company's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud.

Investors sentiment decreased to 1.07 in Q4 2016. Its down 1.02, from 1.02 in 2016Q3. First Interstate Bank boosted its position in shares of Palo Alto Networks by 130.7% in the first quarter. 79 funds opened positions while 153 raised stakes. De Burlo Gp Inc stated it has 5,100 shares. 95,171 were reported by Zurcher Kantonalbank (Zurich Cantonalbank). Brown Advisory Inc owns 198,948 shares. Meeder Asset Mgmt owns 1,594 shares. Proshare Limited Liability Co has 41,776 shares.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Wednesday, May 31st. Barclays Public Lc holds 172,217 shares or 0.02% of its portfolio. Imperial Capital maintained Palo Alto Networks Inc (NYSE:PANW) on Friday, September 11 with "Outperform" rating. Lpl Fin Limited Liability Company reported 25,490 shares. Oz Mgmt LP reported 0% stake.

Palo Alto Networks (PANW) traded down 0.97% during midday trading on Wednesday, reaching $130.47.

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