Palo Alto Networks Inc. (PANW) Upgraded to “Hold” by Zacks Investment Research

The company traded 8.27 million shares versus it average capacity of 1.59 million shares. The stock has a consensus rating of Buy and an average price target of $181.04.

On Wednesday Citigroup maintained its target for shares of Palo Alto Networks as “Neutral” recommending a target price of 140 for investors; potentially meaning there is a decrease of -2.41% from Palo Alto Networks’s share price of 143.45. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Shares of company began trading at $134.92 climbed to high of $135.75 touched the low of $130.15. Feel free to hover over the chart to see the actual values for Palo Alto Networks, Inc. The company’s revenue for the quarter was up 41.2% on a year-over-year basis.

The institutional sentiment increased to 1.2 in Q2 2016. Palo Alto Networks Inc. stock has a 52-week high of $194.73. This 5% drop in the stock price came despite revenue growth of 25% and upbeat commentary from founder, chairman and CEO Marc Benioff on the conference call. On average, equities analysts anticipate that Palo Alto Networks will post $2.64 earnings per share for the current year.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Tuesday, August 30th.

United States of America based company, HP Inc.’s (HPQ)’s latest closing price distance was at 18.64% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 4.55% and 0.04% compared with the 20 Day Moving Average. The Market Capitalization of the company stands at 12.58 Billion.

Analysts have consensus one year price target of $26.92. If revenue stays trending, Palo Alto Networks, Inc. could find net income and cash from operations growing rapidly in the near future. The company has an Average Rating of 1.76 based on analysts tracked by Thomson Reuters. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Finally, Hartford Investment Management Co. raised its position in shares of Palo Alto Networks by 12.0% in the second quarter. Henderson Group PLC now owns 257,257 shares of the network technology company’s stock worth $31,527,000 after buying an additional 12,427 shares in the last quarter. The stock is a Buy among 7 brokerage firms polled by Factset Research.

During last one month it showed the change of 2.20%. “Underperform” verdict was shared by 0 analyst and “Outperform” recommendation was issued by 19 analyst. In 2015, the global economy saw major hacking incidents involving security breaches at companies such as Sony Corp. 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. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud.