In a report released today, Rob Owens from Piper Sandler maintained a Hold rating on Palo Alto Networks (PANW – Research Report), with a price target of $200.00. The company’s shares closed yesterday at $201.88.

According to TipRanks, Owens is a top 100 analyst with an average return of 23.6% and a 66.67% success rate. Owens covers the Technology sector, focusing on stocks such as Fortinet, Atlassian, and Palo Alto Networks.

Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $214.90, implying a 6.45% upside from current levels. In a report released today, Bank of America Securities also reiterated a Hold rating on the stock with a $215.00 price target.

Based on Palo Alto Networks’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.14 billion and a net profit of $350.7 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $194.2 million

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PANW in relation to earlier this year. Last month, Aparna Bawa, a Director at PANW sold 250.00 shares for a total of $100,002.50.