Palo Alto Networks Inc Unusual Bullish Options Activity Means Profits for Traders

 Palo Alto Networks Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Palo Alto Networks Inc (PANW) registered an unusually high (141) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PANW increase. With 141 contracts traded and 5954 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PANW161216C00165000 closed last at: $2.5 or 42.9% up. About 328,180 shares traded hands. Palo Alto Networks Inc (NYSE:PANW) has declined 2.58% since April 5, 2016 and is downtrending. It has underperformed by 4.54% 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. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 31 report. RBC Capital Markets maintained Palo Alto Networks Inc (NYSE:PANW) rating on Friday, May 27. RBC Capital Markets has “Outperform” rating and $185 price target. The firm has “Outperform” rating given on Friday, May 27 by Bernstein. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Overweight” rating given on Friday, May 27 by Pacific Crest. The firm has “Hold” rating by Wunderlich given on Thursday, September 10. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, August 31 report. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Buy” rating given on Friday, February 26 by Topeka Capital Markets. Needham downgraded the shares of PANW in a report on Friday, May 27 to “Hold” rating. The rating was initiated by DA Davidson with “Neutral” on Friday, October 16. The rating was maintained by BTIG Research on Friday, May 27 with “Buy”.

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 increased, 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.
Jacobs Levy Equity Management has 7,794 shares for 0.02% of their US portfolio. Private Advisor Group Inc Ltd Liability Corp last reported 5,633 shares in the company. Next Century Growth Limited has 0.35% invested in the company for 61,691 shares. Bourgeon Capital Management Ltd Llc has invested 2.56% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Endurance Wealth Mngmt Inc has 1,775 shares for 0.04% of their US portfolio. Highbridge Cap Management Lc last reported 0.08% of its portfolio in the stock. Partner Fund Mgmt Ltd Partnership has 1.19% invested in the company for 321,244 shares. Dimensional Fund Advsr Ltd Partnership accumulated 0.01% or 79,754 shares. Omers Administration last reported 63,100 shares in the company. Firsthand Mgmt Incorporated last reported 2.69% of its portfolio in the stock. Newman Dignan And Sheerar holds 2,000 shares or 0.15% of its portfolio. Mitsubishi Ufj Trust Banking has 0.05% invested in the company for 176,080 shares. The New York-based Visium Asset Mngmt L P has invested 0.1% in Palo Alto Networks Inc (NYSE:PANW). Blackrock Inc has 77,009 shares for 0.01% of their US portfolio. British Columbia Inv Mngmt has 144,805 shares for 0.16% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 29 selling transactions for $63.50 million net activity. The insider Eschenbach Carl M. sold $142,216. The insider WARMENHOVEN DANIEL J sold $310,050. BONVANIE RENE also sold $360,983 worth of Palo Alto Networks Inc (NYSE:PANW) on Monday, May 23. Another trade for 103,152 shares valued at $16.44M was made by ZUK NIR on Friday, October 7. $541,546 worth of Palo Alto Networks Inc (NYSE:PANW) was sold by Anderson Mark. MCLAUGHLIN MARK D sold $9.80 million worth of Palo Alto Networks Inc (NYSE:PANW) on Tuesday, August 23. Tomlinson Steffan also sold $382,293 worth of Palo Alto Networks Inc (NYSE:PANW) shares.

Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $14.54 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 notable recent Palo Alto Networks Inc (NYSE:PANW) news were published by: Bloomberg.com which released: “Palo Alto Networks CEO Sells $130 Million Stock After Record Pay” on October 26, 2016, also Profitconfidential.com with their article: “Palo Alto Networks Inc: This is Why the PANW Stock Run has Only Begun” published on October 20, 2016, Profitconfidential.com published: “Palo Alto Networks Inc: Is PANW Stock Set for Big Upside?” on October 10, 2016. More interesting news about Palo Alto Networks Inc (NYSE:PANW) were released by: Prnewswire.com and their article: “Palo Alto Networks Named a Strong Performer in Endpoint Security Report” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “Recent Cyber Attacks Draw Focus To Undervalued Cyber Security Firm Palo Alto …” with publication date: October 30, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment