In today’s session Palo Alto Networks Inc (PANW) registered an unusually high (830) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious PANW increase. With 830 contracts traded and 12934 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: PANW161021C00157500 closed last at: $5.4 or 42.1% up. The stock increased 0.59% or $0.94 during the last trading session, hitting $160.02. About 1.08M shares traded hands. Palo Alto Networks Inc (NYSE:PANW) has risen 8.03% since March 2, 2016 and is uptrending. It has underperformed by 1.21% the S&P500.
Palo Alto Networks Inc (NYSE:PANW) Ratings Coverage
Out of 38 analysts covering Palo Alto Networks (NYSE:PANW), 32 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 84% are positive. Palo Alto Networks has been the topic of 82 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS maintained Palo Alto Networks Inc (NYSE:PANW) on Monday, April 11 with “Buy” rating. The rating was maintained by FBR Capital on Thursday, September 10 with “Outperform”. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Outperform” rating given on Wednesday, November 25 by Imperial Capital. Wunderlich maintained it with “Buy” rating and $190 target price in Friday, May 27 report. Citigroup maintained it with “Neutral” rating and $164 target price in Friday, May 27 report. RBC Capital Markets maintained Palo Alto Networks Inc (NYSE:PANW) rating on Friday, February 19. RBC Capital Markets has “Outperform” rating and $185 price target. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Buy” rating given on Friday, February 26 by Bank of America. JP Morgan maintained it with “Overweight” rating and $196 target price in Friday, May 27 report. On Friday, May 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating by Goldman Sachs given on Wednesday, August 31.
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.02, from 1.18 in 2016Q1. The ratio is positive, as 87 funds sold all Palo Alto Networks Inc shares owned while 132 reduced positions. 55 funds bought stakes while 208 increased positions. They now own 71.49 million shares or 4.82% less from 75.11 million shares in 2016Q1.
Fukoku Mutual Life Insur Company owns 650 shares or 0.02% of their US portfolio. Paloma Prtnrs Management accumulated 18,124 shares or 0.02% of the stock. Mufg Americas Corp has invested 0% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Massmutual Trust Fsb Adv accumulated 0% or 61 shares. The New York-based Clinton Grp Inc Inc has invested 0.12% in Palo Alto Networks Inc (NYSE:PANW). Daiwa Secs Grp reported 2,100 shares or 0% of all its holdings. Greenwood Cap Associate Ltd Liability last reported 2,050 shares in the company. Westpac Banking has 0% invested in the company for 5,437 shares. Everett Harris & Communications Ca last reported 0.02% of its portfolio in the stock. De Burlo Group Inc last reported 0.39% of its portfolio in the stock. Nomura Asset Mgmt has 9,530 shares for 0.02% of their US portfolio. Janney Montgomery Scott Ltd last reported 0.08% of its portfolio in the stock. Janus Cap Limited Liability Company owns 361,600 shares or 0.04% of their US portfolio. Champlain Inv Prtnrs Ltd Liability Company has 330,550 shares for 0.7% of their US portfolio. Ig Invest Management Ltd accumulated 0.01% or 29,727 shares.
Insider Transactions: Since April 6, 2016, the stock had 0 insider buys, and 23 selling transactions for $52.50 million net activity. 3,343 Palo Alto Networks Inc (NYSE:PANW) shares with value of $457,677 were sold by ZUK NIR. On Friday, September 2 the insider MCLAUGHLIN MARK D sold $3.81M. BONVANIE RENE sold 2,507 shares worth $360,983. Anderson Mark sold $2.94M worth of stock. GOETZ JAMES J had sold 23,643 shares worth $3.72M on Wednesday, April 6. 2,655 shares with value of $363,485 were sold by Tomlinson Steffan on Monday, August 22. WARMENHOVEN DANIEL J had sold 1,950 shares worth $294,450 on Tuesday, September 20.
Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $14.52 billion. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. It currently has negative earnings. The Company’s Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network cyber threats integrated within the firewall through its hardware and software architecture.
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