Analysts Conflictied on These Technology Names: Autodesk (NASDAQ: ADSK), Palo Alto Networks (NYSEARCA: PANW) and CA Inc (NASDAQ: CA)

By Jason Carr

Analysts have been eager to weigh in on the Technology sector with new ratings on Autodesk (NASDAQ: ADSK), Palo Alto Networks (NYSEARCA: PANW) and CA Inc (NASDAQ: CA).

Autodesk (NASDAQ: ADSK)

In a report released yesterday, Kash Rangan from Merrill Lynch reiterated a Sell rating on Autodesk (NASDAQ: ADSK), with a price target of $45. The company’s shares opened today at $77.54, close to its 52-week high of $78.42.

According to TipRanks.com, Rangan is a 4-star analyst with an average return of 5.6% and a 64.9% success rate. Rangan covers the Technology sector, focusing on stocks such as Informatica Corp., Citrix Systems, and Microsoft Corp.

Autodesk has an analyst consensus of Hold, with a price target consensus of $65.57.

Palo Alto Networks (NYSEARCA: PANW)

Nomura Holdings analyst Frederick Grieb reiterated a Buy rating on Palo Alto Networks (NYSEARCA: PANW) today and set a price target of $180. The company’s shares opened today at $159.72.

According to TipRanks.com, Grieb is a 5-star analyst with an average return of 12.5% and a 74.2% success rate. Grieb covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp., Continental Resources, and Range Resources Corp.

Currently, the analyst consensus on Palo Alto Networks is Strong Buy and the average price target is $183.06, representing a 14.6% upside.

In a report issued on November 15, Pacific Crest also reiterated a Buy rating on the stock with a $190 price target.
CA Inc (NASDAQ: CA)

JMP Securities analyst Greg McDowell reiterated a Hold rating on CA Inc (NASDAQ: CA) today. The company’s shares opened today at $31.39.

According to TipRanks.com, McDowell is a 3-star analyst with an average return of 1.9% and a 51.5% success rate. McDowell covers the Technology sector, focusing on stocks such as Progress Software Corp., Intralinks Holdings, and Limelight Networks.

CA Inc has an analyst consensus of Hold, with a price target consensus of $34.