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.



Like this

loading...
loading...

Latest


29 September 2017
Hansen: Kaino faces huge battle to reclaim All Blacks spot
David Havili will be making his debut off the bench for the All Blacks as they opt for experience against Argentina this Sunday. Liam Squire, Sam Cane and Ryan Crotty will also get an opportunity to put their feet up after they were left out of the squad.

29 September 2017
Elon Musk teases 'Moon Base Alpha' ahead of big space announcement
They then home to land humans on the surface in the 2030s. Here's a video of the Lockheed Martin plan explained. Site highlights each day to your inbox.

29 September 2017
Volume Moving the Tape For Lloyds Banking Group PLC (LYG)
On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite.

29 September 2017
Exa Corporation (EXA) Sets New 52-Week High After Insider Buying Activity
As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 1,651 shares trimming its holdings by 96.5%. American International Group Inc. raised its position in Exa Corporation by 7.0% during the first quarter.

29 September 2017
Trump revised travel ban angers Venezuela
Maduro has blamed the USA government for protests and clashes in Venezuela that rocked the Latin American country for months. President Donald Trump's decision to impose a travel ban to its citizens through a decree that was signed Sunday.

29 September 2017
Sergio Aguero involved in vehicle crash in Amsterdam, say reports
Former club Independiente reacted to the news with a tweet wishing the forward well, saying: "Strength and quick recovery". Multiple reports out of Argentina claim that Sergio Aguero has been injured in an automobile accident.

29 September 2017
Police given more funding for inquiry — Madeleine McCann
She had been left alone sleeping with her younger twin siblings while her parents were dining in a nearby tapas restaurant. The team was given an extra £85,000 in April to last until the end of this month from a Special Grants Committee.

29 September 2017
Rayonier Advanced Materials Inc. (RYAM) Given Average Rating of "Buy" by Analysts
The stock of Rayonier Advanced Materials Inc (NYSE:RYAM) has "Hold" rating given on Wednesday, August 10 by Atlantic Securities. Highbridge Capital Management LLC lifted its stake in shares of Rayonier Advanced Materials by 38.9% in the first quarter.

29 September 2017
China's radar-evading J-20 aircraft operational
It is unknown how many J-20 fighter jets have entered service with the People's Liberation Army Air Force (PLAAF). The US Air Force operates the F-22 Raptor which is a fifth-generation stealth air-superiority fighter.

29 September 2017
US Senate opposition to Obamacare repeal bill grows
It would also change the open-ended entitlement structure of Medicaid , instead giving states money on a per-capita basis. President Trump said his criticism was "unexpected" and "terrible". "I have a number of serious reservations about it".