After Reaching 52-Week High, Is Palo Alto Networks, Inc. (PANW)’s Near-Term Analysis Positive?

January 23, 2018 - By Hazel Jackson

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.22, from 0.94 in 2017Q2. It improved, as 43 investors sold Palo Alto Networks, Inc. shares while 148 reduced holdings. 63 funds opened positions while 159 raised stakes. 70.19 million shares or 3.76% more from 67.64 million shares in 2017Q2 were reported.
Cornerstone Management Hldg Ltd Company owns 53,364 shares for 0.06% of their portfolio. Bangor Natl Bank reported 0.29% stake. Brown Advisory accumulated 187,041 shares. Raymond James holds 0.04% or 146,786 shares in its portfolio. First Interstate Bank holds 1,000 shares or 0.03% of its portfolio. Legal & General Group Public Limited Company accumulated 380,147 shares or 0.04% of the stock. 6,225 are held by Strs Ohio. X Mgmt Ltd Limited Liability Company invested in 0.01% or 1,363 shares. Symmetry Peak Ltd invested in 36,541 shares or 0.6% of the stock. Moreover, Glg Ltd Liability has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 4,152 shares. Hartline Invest Corporation owns 0.55% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 12,669 shares. Malaga Cove Cap reported 11,355 shares. Cullen Frost Bankers Inc has 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW). Wunderlich Cap Managemnt invested in 8,208 shares or 0.88% of the stock. Moreover, Barclays Public Lc has 0.02% invested in Palo Alto Networks, Inc. (NYSE:PANW).

Since September 8, 2017, it had 0 buys, and 11 sales for $52.49 million activity. ZUK NIR sold $4.15M worth of stock. Shares for $302,024 were sold by MERESMAN STANLEY J on Tuesday, October 10. $4.09 million worth of stock was sold by BONVANIE RENE on Tuesday, October 10. $6.36M worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by Anderson Mark. Eschenbach Carl M. sold $227,920 worth of stock or 1,572 shares.

The stock of Palo Alto Networks, Inc. (NYSE:PANW) hit a new 52-week high and has $168.88 target or 6.00 % above today’s $159.32 share price. The 5 months bullish chart indicates low risk for the $14.64 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $168.88 price target is reached, the company will be worth $878.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.54% or $5.45 during the last trading session, reaching $159.32. About 1.02M shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since January 23, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 27. They expect $-0.21 earnings per share, up 63.79 % or $0.37 from last year’s $-0.58 per share. After $-0.16 actual earnings per share reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts 31.25 % negative EPS growth.

Palo Alto Networks, Inc. (NYSE:PANW) Ratings Coverage

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 41 have Buy rating, 2 Sell and 9 Hold. Therefore 79% are positive. Palo Alto Networks had 181 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by First Analysis on Wednesday, March 1. The firm has “Buy” rating given on Friday, July 7 by Citigroup. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Outperform” rating given on Tuesday, November 24 by RBC Capital Markets. The stock has “Outperform” rating by Imperial Capital on Tuesday, November 29. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Hold” rating given on Thursday, October 5 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, August 31 by Stifel Nicolaus. The firm earned “Hold” rating on Thursday, September 10 by Wunderlich. The rating was maintained by Barclays Capital on Monday, February 22 with “Overweight”. Wunderlich upgraded Palo Alto Networks, Inc. (NYSE:PANW) on Tuesday, April 26 to “Buy” rating. On Friday, February 26 the stock rating was maintained by FBR Capital with “Outperform”.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Gurufocus.com which released: “Palo Alto Networks Inc (PANW) CEO Mark D Mclaughlin Sold $5.2 million of Shares” on January 05, 2018, also Benzinga.com with their article: “Palo Alto Network’s Valuation Is Close to Full; Goldman Downgrades” published on January 22, 2018, Fool.com published: “Why Palo Alto Networks, Inc. Could Be a Gold Mine for Growth Investors” on January 08, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Benzinga.com and their article: “Palo Alto Networks Has ‘Compelling’ Risk-Reward, Says Evercore ISI” published on January 18, 2018 as well as Fool.com‘s news article titled: “Better Buy: Palo Alto Networks, Inc. vs. Check Point Software” with publication date: January 21, 2018.

Palo Alto Networks, Inc. provides security platform solutions worldwide. The company has market cap of $14.64 billion. The Company’s platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks. It currently has negative earnings. The firm provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customerÂ’s network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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