Maxim Group Reaffirms Buy Rating for Palo Alto Networks, Inc. (PANW)

Palo Alto Networks Inc

They issued a "neutral" rating and a $145.00 price target on the stock. Craig Hallum cuts stock rating to Hold while Stifel Nicolaus lowers price target by $12 to $52 a share, maintaining Buy recommendation. Guggenheim Lc holds 0.01% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 22,566 shares. The stock of Palo Alto Networks Inc (NYSE:PANW) has "Buy" rating given on Thursday, June 1 by Maxim Group.

Among 8 analysts covering T2 Biosystems Inc (NASDAQ:TTOO), 4 have Buy rating, 1 Sell and 3 Hold.

Shares of Palo Alto Networks (PANW) traded up 10.39% on Friday, hitting $146.48. The company's 50 day moving average is $133.45 and its 200 day moving average is $126.61. On the flip side, the stock is -11.35% away from the 52 week high. Palo Alto Networks also saw some unusual options trading activity on Thursday. (NYSE:TWTR) puts the stock on today's active list. This represents an increase of approximately 559% compared to the typical volume of 2,084 put options. The net loss continued to narrow, going to USD 38.2 million or USD 0.42 per diluted share, from a loss of 31.4 million or 0.35 per share while the adjusted net profit rose to USD 85.5 million or 0.92 per share, also beating guidance, from 60.3 million and 0.66 per share the year before. Everpoint Asset Mngmt Limited Co has 0.02% invested in Palo Alto Networks Inc (NYSE:PANW). Analysts were projecting earnings of 78 cents per share on revenue of $487.3 million. The Malaga Cove Capital Llc holds 10,167 shares with $1.27 million value, up from 4,477 last quarter. The firm has "Buy" rating given on Friday, May 27 by Wunderlich. Equities analysts predict that Palo Alto Networks will post $3.27 earnings per share for the current year.

KeyBanc Capital Markets analyst Rob Owens maintained an overweight rating on Palo Alto and price target of 170. The correct version of this report can be accessed at https://weekherald.com/2017/09/01/palo-alto-networks-panw-overweight-rating-reaffirmed-at-piper-jaffray-companies.html. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of USA & global copyright legislation. A rating of 4 or 5 would indicate a Sell. Following the transaction, the director now owns 271,645 shares in the company, valued at $37,478,860.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. M&R Cap Inc owns 2 shares or 0% of their United States portfolio. It worsened, as 57 investors sold PANW shares while 159 reduced holdings. LLC boosted its stake in shares of Palo Alto Networks by 31.9% in the first quarter. WBB Securities upgraded the stock to "Strong Buy" rating in Wednesday, July 20 report. Deutsche Bank AG restated a "hold" rating and issued a $135.00 price target (up from $125.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. American Century Companies Inc. raised its stake in Palo Alto Networks by 512.7% in the second quarter. Mogy Joel R Investment Counsel Inc. increased its position in shares of Palo Alto Networks by 18.6% in the first quarter.

In related news, Director James J. Goetz sold 30,000 shares of the firm's stock in a transaction dated Monday, July 10th. Finally, Endurance Wealth Management Inc. increased its position in shares of Palo Alto Networks by 33.5% in the first quarter. LLC now owns 939 shares of the network technology company's stock valued at $106,000 after buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 77.05% of the company's stock.

T2 Biosystems, Inc.is an in vitro diagnostics firm engaged in developing a technology platform offering an alternative to diagnostic methodologies.

Announced the GlobalProtect cloud service, which allows customers to extend the protection of Palo Alto's next-gen security platform to remote networks and mobile users.

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