Credit Suisse Group Reaffirms Sell Rating for Palo Alto Networks (NYSE:PANW)

Credit Suisse Group reiterated their sell rating on shares of Palo Alto Networks (NYSE:PANW) in a research note published on Thursday, AnalystRatings.com reports. The brokerage currently has a $195.00 price target on the network technology company’s stock.

A number of other analysts also recently issued reports on PANW. Morgan Stanley set a $290.00 price target on shares of Palo Alto Networks and gave the company a buy rating in a report on Tuesday, September 3rd. Goldman Sachs Group assumed coverage on shares of Palo Alto Networks in a report on Tuesday, November 12th. They set a buy rating and a $295.00 price target on the stock. Wedbush reaffirmed a buy rating and set a $275.00 price target on shares of Palo Alto Networks in a report on Thursday, September 5th. Rosenblatt Securities reaffirmed a hold rating and set a $220.00 price target on shares of Palo Alto Networks in a report on Tuesday, November 26th. Finally, SunTrust Banks reaffirmed a buy rating and set a $246.00 price target on shares of Palo Alto Networks in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $261.06.

Shares of PANW stock opened at $227.22 on Thursday. Palo Alto Networks has a one year low of $168.80 and a one year high of $260.63. The company’s 50-day moving average is $229.26 and its 200 day moving average is $215.53. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 966.39 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Monday, November 25th. The network technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $1.22. Palo Alto Networks had a negative net margin of 3.42% and a positive return on equity of 2.43%. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $769.34 million. During the same period in the prior year, the firm posted $1.17 EPS. Palo Alto Networks’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts predict that Palo Alto Networks will post -0.12 earnings per share for the current fiscal year.

In related news, Director Mark D. Mclaughlin sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $207.78, for a total value of $8,311,200.00. Following the transaction, the director now owns 240,236 shares of the company’s stock, valued at $49,916,236.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nir Zuk sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $210.66, for a total transaction of $2,527,920.00. Following the completion of the transaction, the executive vice president now directly owns 924,695 shares in the company, valued at approximately $194,796,248.70. The disclosure for this sale can be found here. In the last three months, insiders sold 77,610 shares of company stock worth $16,437,971. 2.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC raised its stake in Palo Alto Networks by 322.6% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 131 shares of the network technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Tower Research Capital LLC TRC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $30,000. Glassman Wealth Services raised its stake in Palo Alto Networks by 347.2% during the 3rd quarter. Glassman Wealth Services now owns 161 shares of the network technology company’s stock worth $33,000 after acquiring an additional 125 shares during the period. CSat Investment Advisory L.P. bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $33,000. Finally, Cypress Capital Management LLC WY bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $51,000. Institutional investors own 79.91% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer'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.

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Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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