Analyst Price Target Update on Palo Alto Networks (NYSE:PANW)

Palo Alto Networks (NYSE:PANW): The stock price is expected to reach $ 185.54 in the short term. The number of analysts agreeing with this consensus is 24. The higher estimate for the short term price target is at $215 while the lower estimate is at $140. The standard deviation of the price stands at $16.44.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, JP Morgan maintains its outlook on Palo Alto Networks (NYSE:PANW). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $216 per share to $196 per share. The rating by the firm was issued on May 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mclaughlin Mark D, director officer (President & CEO) of Palo Alto Networks Inc, had unloaded 61,423 shares at an average price of $138.18 in a transaction dated on June 2, 2016. The total value of the transaction was worth $8,487,430.

Palo Alto Networks (NYSE:PANW) : On Monday heightened volatility was witnessed in Palo Alto Networks (NYSE:PANW) which led to swings in the share price. The stock opened for trading at $130.3 and hit $134.44 on the upside , eventually ending the session at $131.71, with a gain of 0.34% or 0.45 points. The heightened volatility saw the trading volume jump to 1,171,585 shares. The 52-week high of the share price is $200.55 and the company has a market cap of $11,802 million. The 52-week low of the share price is at $111.0901 .

Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys 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 Companys 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 Companys 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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