UBS Maintains Palo Alto Networks Inc to Buy with Price Target $180.00

Brokerage firm UBS Maintains its rating on Palo Alto Networks Inc(NYSE:PANW). In a research note issued to the investors, the brokerage major Lowers the price-target to $180.00 per share. The shares have been rated Buy. The rating by UBS was issued on Apr 11, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on Palo Alto Networks Inc, according to a research note issued on Mar 21, 2016. The shares have been rated ‘Buy’ by the firm. Bernstein said it Initiates Coverage on Palo Alto Networks Inc, according to a research note issued on Mar 10, 2016. The shares have been rated ‘Outperform’ by the firm. On Feb 26, 2016, Barclays said it Maintains its rating on Palo Alto Networks Inc. In the research note, the firm Raises the price-target to $170.00 per share. The shares have been rated ‘Ovewr’ by the firm. On Feb 26, 2016, FBR Capital said it Maintains its rating on Palo Alto Networks Inc. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 26, 2016, Bank of America said it Upgrades its rating on Palo Alto Networks Inc. The shares have been rated ‘Buy’ by the firm. On Feb 22, 2016, Oppenheimer said it Maintains its rating on Palo Alto Networks Inc. In the research note, the firm Lowers the price-target to $196.00 per share. The shares have been rated ‘Outperform’ by the firm.

Palo Alto Networks Inc (PANW) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.04% at a volume of 8,63,695. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $141.51. The peak price level was also seen at $141.51 while the days lowest was $139.65. Finally the shares closed at $140.66. The 52-week high of the shares is $200.55 while the 52-week low is $111.0901. According to the latest information available, the market cap of the company is $12,430 M.

Palo Alto Networks Inc(PANW) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $334.70M. Analysts had an estimated revenue of $318.09M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, James J Goetz (director) sold 23,643 shares at $157.43 per share price.Also, On Apr 5, 2016, Carl M. Eschenbach (director) sold 1,780 shares at $160.57 per share price.On Apr 5, 2016, Mark D Mclaughlin (President & CEO) sold 35,000 shares at $160.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Palo Alto Networks Inc. is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall its Advanced Endpoint Protection and its Threat Intelligence Cloud. The Company’s Next-Generation Firewall delivers application user and content visibility and control as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Company’s Threat Intelligence Cloud provides central intelligence capabilities security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber-attacks. The Company’s PAN-OS operating system contains App-ID User-ID site-to-site virtual private network (VPN) remote access secure sockets layer (SSL) VPN and Quality-of-Service (QoS).

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