Economy

Dougherty & Co Increases Palo Alto Networks, Inc. (PANW) Price Target to $170.00

Dougherty & Co Increases Palo Alto Networks, Inc. (PANW) Price Target to $170.00”

Previously on 9/5/2017, Imperial Capital reported on Palo Alto Networks (NYSE:PANW) increased the target price from $137.00 to $165.00.

Several other large investors have also recently added to or reduced their stakes in PANW. National Pension Service now owns 67,121 shares of the network technology company's stock valued at $10,694,000 after buying an additional 5,720 shares during the last quarter. Waldron LP lifted its holdings in shares of Palo Alto Networks by 105.2% in the first quarter. HM Payson & Co. now owns 6,755 shares of the network technology company's stock worth $761,000 after acquiring an additional 19 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of Palo Alto Networks by 1.3% during the 2nd quarter. The fund held 194,700 stocks of the network technology firms shares following purchasing an extra 3,499 shares through out the period. Capstone Asset Management Co. raised its stake in Palo Alto Networks by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 2,407 shares of the network technology company's stock valued at $271,000 after buying an additional 399 shares in the last quarter. Parametric Portfolio Associates LLC now owns 71,757 shares of the network technology company's stock worth $8,086,000 after acquiring an additional 10,360 shares during the last quarter. Institutional investors and hedge funds own 77.03% of the company's stock. The stock was sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the completion of the transaction, the president now owns 176,290 shares of the company's stock, valued at $25,227,099.

In other Palo Alto Networks news, Director Carl M. Eschenbach sold 1,572 shares of Palo Alto Networks stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $144.99, for a total value of $227,924.28. After this trade, the director has an ownership of 3,619 stocks in the company, worth at $524,718.81. during the last 90 days, executive have unloaded 78,001 stocks of company shares valued $11,014,834. company executives has an ownership of 4.80% of the firms stock. The disclosure for this sale can be found here. Most company stocks have very little volatility. After a recent check, it is observed that the insiders for the firm now own 3.30% shares. Palo Alto Networks presently has a average recommendation of "Buy" and an average price target of $157.91.

09/01/2017 - Palo Alto Networks, Inc. had its "buy" rating reiterated by analysts at BTIG Research. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/09/28/dougherty-co-increases-palo-alto-networks-inc-panw-price-target-to-170-00.html. The upped price target implies a potential upside of 0.20% from the company's last closing price. The average stock price target is $195.61 with 18 brokers rating the stock a strong buy, 22 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. The company has an average rating of "Buy" and an average target price of $158.04. "(PANW)" was published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright legislation. (NYSE:PANW) has grabbed attention from the analysts, when it experienced a change of 0.16% in Wednesday's current trading session to trade at $140.15. Zacks Investment Research's EPS calculations are an average based on a survey of analysts that follow Palo Alto Networks. (PANW) opened at 139.92 on Thursday. The stock exchanged hands with 490,604 numbers of shares compared to its average daily volume of 1.31M shares. The stock's market capitalization is 12.85B.

Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69 The company's market cap is now $0. The network technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.79 by ($0.92).

09/05/2017 - Palo Alto Networks, Inc. was upgraded to "buy" by analysts at Summit Redstone Partners. The firm had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period in the prior year, the business earned $0.50 earnings per share. Palo Alto Networks's for the quarter end, revenue was upwards of 27.0% on a YOY basis.

Separately, executive Nir Zuk unloaded 2,000 stocks of Palo Alto Networks shares in a trade dated Mon, Sep 11th.

However, Palo Alto Networks argues traditional hardware-based log collection comes with admin overhead and scale limitations that make this useful data effectively unwieldy or unavailable.



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