After Today’s Bullish Options Activity, Is Palo Alto Networks Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Palo Alto Networks Inc's Near Term Analysis Positive?

In today’s session Palo Alto Networks Inc (PANW) registered an unusually high (836) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious PANW increase. With 836 contracts traded and 5864 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: PANW170317C00160000 closed last at: $10.8 or 1.8% down. About 195,279 shares traded hands. Palo Alto Networks Inc (NYSE:PANW) has declined 4.78% since March 15, 2016 and is downtrending. It has underperformed by 10.27% 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. $235 is the highest target while $135 is the lowest. The $188.24 average target is 26.63% above today’s ($148.65) stock price. Palo Alto Networks has been the topic of 82 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Palo Alto Networks Inc (NYSE:PANW) on Thursday, September 10 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, November 25 by Imperial Capital. Raymond James downgraded Palo Alto Networks Inc (NYSE:PANW) on Wednesday, August 31 to “Outperform” rating. Nomura maintained Palo Alto Networks Inc (NYSE:PANW) on Wednesday, August 31 with “Buy” rating. The firm has “Buy” rating given on Monday, April 11 by UBS. The rating was maintained by Barclays Capital on Wednesday, August 31 with “Overweight”. The rating was maintained by Morgan Stanley on Wednesday, August 31 with “Overweight”. Goldman Sachs maintained the shares of PANW in a report on Tuesday, April 5 with “Buy” rating. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Buy” rating given on Friday, February 26 by Needham. The rating was maintained by Oppenheimer on Tuesday, November 24 with “Outperform”.

According to Zacks Investment Research, “Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks. The core of its platform is the Company’s firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture. It serves the enterprise network security market, which consists of Firewall, Unified Threat Management, Web Gateway, Intrusion Detection and Prevention, and Virtual Private Network technologies. Palo Alto Networks, Inc. is headquartered in Santa Clara, California.”

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.
Sumitomo Mitsui Asset Management Communications Limited holds 25,332 shares or 0.09% of its portfolio. American National Registered Advisor Incorporated holds 0.13% or 2,270 shares in its portfolio. Quantbot Technology Limited Partnership owns 19,419 shares or 0.25% of their US portfolio. Moreover, Partner Limited Partnership has 1.09% invested in Palo Alto Networks Inc (NYSE:PANW) for 5,427 shares. Hartford Inv Mngmt accumulated 1,810 shares or 0% of the stock. Mitsubishi Ufj Trust & Banking reported 176,080 shares or 0.05% of all its holdings. Advisors Asset holds 0.01% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 7,096 shares. Eventide Asset Mgmt Lc holds 1.69% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 225,000 shares. Trust Company Of Vermont has 342 shares for 0.01% of their US portfolio. Brown Brothers Harriman & Co reported 265 shares or 0% of all its holdings. Cambridge Investment Research Advsrs holds 0.01% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 5,312 shares. Lazard Asset Mgmt Limited Liability Corporation holds 0.01% or 42,375 shares in its portfolio. Somerset Group Incorporated Lc has invested 1.6% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Baldwin Brothers Ma has 0.01% invested in the company for 487 shares. Trillium Asset Management Limited Liability Company, a Massachusetts-based fund reported 117,742 shares.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 27 selling transactions for $67.88 million net activity. 1,950 shares were sold by WARMENHOVEN DANIEL J, worth $292,500 on Tuesday, September 27. $363,485 worth of shares were sold by Tomlinson Steffan on Monday, August 22. Anderson Mark sold $328,043 worth of stock. Shares for $5.26 million were sold by MCLAUGHLIN MARK D. BONVANIE RENE sold $360,983 worth of Palo Alto Networks Inc (NYSE:PANW) on Monday, May 23. 4,404 Palo Alto Networks Inc (NYSE:PANW) shares with value of $656,086 were sold by ZUK NIR. 894 shares were sold by Eschenbach Carl M., worth $142,216 on Tuesday, October 4.

Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $13.10 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.

PANW Company Profile

Palo Alto Networks, Inc., incorporated on February 28, 2005, offers a next-generation security platform that empowers enterprises, service providers and government entities to secure their organizations by enabling applications running on their networks and by preventing breaches that stem from targeted cyber attacks. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. 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. The Company’s Advanced Endpoint Protection prevents cyber attacks that run malicious code or exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Company’s Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber attacks.

More recent Palo Alto Networks Inc (NYSE:PANW) news were published by: Fool.com which released: “How Risky Is Palo Alto Networks Inc.?” on September 21, 2016. Also Profitconfidential.com published the news titled: “Palo Alto Networks Inc: Is PANW Stock Set for Big Upside?” on October 10, 2016. Businesswire.com‘s news article titled: “Optiv Security Honored With Two Palo Alto Networks NextWave 2016 Partner of …” with publication date: October 06, 2016 was also an interesting one.

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