Synovus Fincl has invested 0.04% in Palo Alto Networks Inc (NYSE:PANW). The stock has "Equal-Weight" rating by Morgan Stanley on Wednesday, March 1. Welch Capital Partners LLC NY's holdings in Palo Alto Networks were worth $6,105,000 as of its most recent SEC filing.
Palo Alto Networks, Inc. a U.S. based Company, belongs to Technology sector and Networking & Communication Devices industry.
The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 7.79%, and has a solid year to date (YTD) performance of 13.98% which means that the stock is constantly adding to its value from the previous fiscal year end price. California Public Employees Retirement System grew its stake in Palo Alto Networks by 1.6% in the 3rd quarter. (NYSE:PANW)'s stock had its "buy" rating reissued by research analysts at Oppenheimer Holdings, Inc.in a research report issued to clients and investors on Tuesday. Northern Trust Corp raised its holdings in Palo Alto Networks by 109.9% in the 2nd quarter.
"Execution of our "land and expand" go-to-market model resulted in strong first quarter performance with very strong new customer acquisition and broad adoption of our Next-Generation Security Platform", added CFO Steffan Tomlinson. Finally, Trellus Management Company LLC purchased a new stake in shares of Palo Alto Networks in the 3rd quarter valued at about $461,000. There were 59 sold out positions, on the other hand, totaling 1,394,564 shares. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. On the heels of the raise, the analyst is adjusting his revenue from $2.147 billion to $2,169 million for fiscal 2018 and taking EPS from $3.29 to $3.39. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00. Following the transaction, the director now directly owns 3,619 shares of the company's stock, valued at $524,718.81. The disclosure for this sale can be found here. The last stock price is up 10.75% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time.
ILLEGAL ACTIVITY WARNING: "Palo Alto Networks, Inc". (NYSE:PANW) higher to the next line of resistance at $145.92 a share. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 1.65. Palo Alto Networks, Inc. has a twelve month low of $107.31 and a twelve month high of $162.64. Capital One Natl Association holds 0.13% in Palo Alto Networks Inc (NYSE:PANW) or 13,276 shares. (NYSE:PANW) reported its EPS in the last quarter as $0.74/Share beating the analyst estimate of $0.69/Share by a difference of $0.05.
Product revenues increased 14% YTY to $187 million, better growth than the 11% YTY reported for FQ4. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%.
The company said it anticipates revenue in the range of $518 million to $528 million for the fiscal second quarter.
In case of Revenue Estimates, 34 analysts have provided their consensus Average Revenue Estimates for Palo Alto Networks, Inc.as 489 Million.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was stolen and republished in violation of United States & global copyright and trademark laws. (PANW) will report its next earnings on Nov 20 AMC. Institutional shareholders now hold a 80.43% stake overall in PANW.
On September 28 Robert W. Baird left the company rating at "Hold" with a current price target of $149.00. (NYSE:PANW)'s shares may have a significant upside to the consensus target of 160.74, but how has it been performing relative to the market?
October 3 investment analysts at Stephens kept the company rating at "Overweight" targeting a price of $165.00. Reagents Global Market (Hot stocks In Focus) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. $168's average target is 8.39% above currents $154.99 stock price.
All things considered, this was another straightforward beat-and-raise scenario from Palo Alto Networks as the world continues to realize the benefits of superior protection provided by its next-gen security platform.