Robert W. Baird Reiterates a Buy Rating on Palo Alto Networks

In a report released today, Jayson Noland from Robert W. Baird reiterated a Buy rating on Palo Alto Networks (NYSEARCA: PANW). The company’s shares closed yesterday at $159.60.

According to TipRanks.com, Noland is a 4-star analyst with an average return of 10.5% and a 58.7% success rate. Noland covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Riverbed Technology, and Juniper Networks.

Currently, the analyst consensus on Palo Alto Networks is Strong Buy and the average price target is $180.35, representing a 13.0% upside.

In a report issued on September 22, First Analysis also maintained a Buy rating on the stock with a $175 price target.

The company has a one year high of $194.73 and a one year low of $111.09. Currently, Palo Alto Networks has an average volume of 1.54M.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Carl Eschenbach, a a Director at PANW sold 894 shares for a total of $142,209.

Palo Alto Networks, Inc. engages in the provision of network security solutions. It offers network security functions which include threat protection, firewall, intrusion detection system, intrusion prevention system and uniform resource locator filtering. The company was founded by Nir Zuk, Rajiv Batra and Yuming Mao in March 2005 and is headquartered in Santa Clara, CA.