What Will Happen to Palo Alto Networks, Inc. (PANW) Next? The Stock Just Reaches 52-Week High

June 15, 2018 - By Peter Erickson

Palo Alto Networks, Inc. (NYSE:PANW) Logo

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.04, from 1.22 in 2017Q4. It turned negative, as 43 investors sold Palo Alto Networks, Inc. shares while 172 reduced holdings. 89 funds opened positions while 165 raised stakes. 72.18 million shares or 1.82% more from 70.89 million shares in 2017Q4 were reported.
Invesco Limited owns 995,990 shares for 0.07% of their portfolio. National Registered Investment Advisor reported 1,875 shares. Cap One National Association holds 15,775 shares or 0.2% of its portfolio. 1832 Asset L P holds 0.32% or 483,400 shares. Lpl Fincl Ltd Limited Liability Company reported 39,391 shares. Premier Asset Management Ltd Liability Co reported 2.8% in Palo Alto Networks, Inc. (NYSE:PANW). Moreover, Coastline Com has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW). California State Teachers Retirement Sys has invested 0.06% in Palo Alto Networks, Inc. (NYSE:PANW). Newman Dignan & Sheerar invested in 0.15% or 1,625 shares. Bbr Ptnrs Llc owns 1,186 shares for 0.04% of their portfolio. Old Mutual Glob (Uk) Limited has 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW). Putnam Ltd, Massachusetts-based fund reported 33,560 shares. Comerica Securities Incorporated holds 2,953 shares. Boston Lc owns 1,200 shares or 0.01% of their US portfolio. Scout Invests Inc reported 0.46% stake.

Since January 2, 2018, it had 1 buying transaction, and 20 selling transactions for $76.68 million activity. On Monday, June 11 Anderson Mark sold $5.98 million worth of Palo Alto Networks, Inc. (NYSE:PANW) or 30,000 shares. Arora Nikesh had bought 33,255 shares worth $6.62M on Thursday, June 7. MCLAUGHLIN MARK D had sold 35,000 shares worth $5.52 million on Thursday, February 1. Shares for $2.69M were sold by BONVANIE RENE. ZUK NIR sold $5.45 million worth of stock. Klarich Lee sold $1.80M worth of Palo Alto Networks, Inc. (NYSE:PANW) on Tuesday, June 12.

The stock of Palo Alto Networks, Inc. (NYSE:PANW) hit a new 52-week high and has $225.33 target or 5.00 % above today’s $214.60 share price. The 7 months bullish chart indicates low risk for the $19.93B company. The 1-year high was reported on Jun, 15 by Barchart.com. If the $225.33 price target is reached, the company will be worth $996.60 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 decreased 0.45% or $0.96 during the last trading session, reaching $214.6. About 2.17 million shares traded or 53.99% up from the average. Palo Alto Networks, Inc. (NYSE:PANW) has risen 77.91% since June 15, 2017 and is uptrending. It has outperformed by 65.34% the S&P500.

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

Among 27 analysts covering Palo Alto Networks (NYSE:PANW), 22 have Buy rating, 1 Sell and 4 Hold. Therefore 81% are positive. Palo Alto Networks had 41 analyst reports since January 18, 2018 according to SRatingsIntel. The rating was maintained by Maxim Group with “Buy” on Tuesday, February 27. The rating was upgraded by Susquehanna on Wednesday, February 21 to “Positive”. The firm has “Buy” rating given on Friday, April 20 by Cowen & Co. Stifel Nicolaus maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Tuesday, February 27. Stifel Nicolaus has “Buy” rating and $200 target. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Market Outperform” rating by JMP Securities on Thursday, March 1. The firm has “Buy” rating given on Tuesday, February 27 by BTIG Research. On Tuesday, February 27 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Buy” rating given on Tuesday, January 23 by Deutsche Bank. The firm has “Outperform” rating by Wells Fargo given on Tuesday, February 27. The rating was downgraded by Gabelli to “Hold” on Monday, April 30.

More news for Palo Alto Networks, Inc. (NYSE:PANW) were recently published by: Finance.Yahoo.com, which released: “How Financially Strong Is Palo Alto Networks Inc (NYSE:PANW)?” on June 04, 2018. Seekingalpha.com‘s article titled: “Palo Alto Networks: Acceleration Kicks In” and published on June 05, 2018 is yet another important article.

Palo Alto Networks, Inc. provides security platform solutions worldwide. The company has market cap of $19.93 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.

Palo Alto Networks, Inc. (NYSE:PANW) Institutional Positions Chart

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