In today’s session Palo Alto Networks Inc (PANW) registered an unusually high (1,278) 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 1,278 contracts traded and 11114 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: PANW170317C00160000 closed last at: $2.35 or 6% down. About 160,035 shares traded hands. Palo Alto Networks Inc (NYSE:PANW) has declined 11.27% since April 28, 2016 and is downtrending. It has underperformed by 17.20% the S&P500.
Analysts await Palo Alto Networks Inc (NYSE:PANW) to report earnings on February, 23. They expect $-0.41 EPS, up 50.60% or $0.42 from last year’s $-0.83 per share. After $-0.58 actual EPS reported by Palo Alto Networks Inc for the previous quarter, Wall Street now forecasts -29.31% EPS growth.
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 $187.33 average target is 39.99% above today’s ($133.82) stock price. Palo Alto Networks has been the topic of 84 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Oppenheimer on Tuesday, November 24 with “Outperform”. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Overweight” rating given on Wednesday, August 31 by Barclays Capital. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Outperform” rating by Bernstein on Friday, May 27. The company was downgraded on Wednesday, August 10 by Cleveland. The firm has “Overweight” rating given on Friday, May 27 by Pacific Crest. The firm has “Buy” rating by Goldman Sachs given on Tuesday, April 5. The rating was maintained by Topeka Capital Markets on Tuesday, November 24 with “Buy”. The rating was maintained by Morgan Stanley on Thursday, April 21 with “Overweight”. The company was maintained on Tuesday, November 24 by UBS. The rating was initiated by Rosenblatt with “Buy” on Monday, September 12.
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 1.24 in 2016 Q2. Its up 0.04, from 1.2 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.
Belmont Advisors has 1% invested in the company for 8,500 shares. Fred Alger Mngmt Inc, a New York-based fund reported 711,176 shares. First Personal Fincl Services accumulated 0% or 11 shares. Stephens Incorporated Ar accumulated 0.06% or 11,000 shares. Moreover, Sunbelt Secs Inc has 0% invested in Palo Alto Networks Inc (NYSE:PANW) for 34 shares. Amp Capital Limited, a Australia-based fund reported 40,663 shares. Adell Harriman Carpenter reported 11,578 shares or 0% of all its holdings. First Republic Inv Mngmt has 77,715 shares for 0.09% of their US portfolio. Exane Derivatives last reported 110 shares in the company. Advisors Management Limited Liability has 15,315 shares for 0.19% of their US portfolio. Moreover, Heritage Investors Mgmt has 0.05% invested in Palo Alto Networks Inc (NYSE:PANW) for 5,905 shares. Aviance Ptnrs Ltd Liability, a Florida-based fund reported 1,960 shares. Moreover, Cibc Ww Mkts has 0% invested in Palo Alto Networks Inc (NYSE:PANW) for 3,700 shares. Artisan Partnership has 1.19M shares for 0.31% of their US portfolio. Tiverton Asset Mgmt Lc has 99,501 shares for 0.31% of their US portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 33 selling transactions for $73.39 million net activity. On Wednesday, September 21 Anderson Mark sold $328,043 worth of the stock or 2,202 shares. WARMENHOVEN DANIEL J also sold $292,500 worth of Palo Alto Networks Inc (NYSE:PANW) on Wednesday, September 14. On Friday, October 7 ZUK NIR sold $16.44 million worth of the stock or 103,152 shares. MCLAUGHLIN MARK D had sold 26,423 shares worth $3.81 million on Friday, September 2. $3.19M worth of Palo Alto Networks Inc (NYSE:PANW) was sold by Tomlinson Steffan. Shares for $142,216 were sold by Eschenbach Carl M.. The insider BONVANIE RENE sold $656,086.
Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $12.34 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: Wsj.com which released: “Palo Alto Networks Revenue Growth Slows” on November 21, 2016, also Marketwatch.com with their article: “Palo Alto Networks plummets after disappointing results, outlook” published on November 21, 2016, Fool.com published: “Better Buy: Palo Alto Networks, Inc. vs. Fortinet” on November 12, 2016. More interesting news about Palo Alto Networks Inc (NYSE:PANW) were released by: Investorplace.com and their article: “Why Medtronic PLC (MDT), Dycom Industries, Inc. (DY) and Palo Alto Networks …” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “Palo Alto Networks to Announce Fiscal First Quarter 2017 Financial Results on …” with publication date: November 01, 2016.
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