With his bold new growth strategy, Palo Alto Networks CEO Nikesh Arora is proving once again that taking the longer-term view matters more than short-term impacts on stock price.
Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) gapped down prior to trading on Wednesday after Cantor Fitzgerald lowered their price target on the stock from $400.00 to $350.00. The stock had previously closed at $366.09, but opened at $275.20. Cantor Fitzgerald currently has an overweight rating on the stock. Palo Alto Networks shares […]
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Envestnet Portfolio Solutions Inc. bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,513 shares of the network technology company’s stock, valued at approximately $6,919,000. Several other hedge funds have […]