November 29, 2016 - By Nellie Frank · 0 Comments
Palo Alto Networks Inc (NYSE:PANW) institutional sentiment increased to 1.24 in Q2 2016. Its up 0.04, from 1.2 in 2016Q1. The ratio increased, as 263 investment managers started new and increased holdings, while 219 cut down and sold holdings in Palo Alto Networks Inc. The investment managers in our partner’s database now possess: 71.49 million shares, down from 75.11 million shares in 2016Q1. Also, the number of investment managers holding Palo Alto Networks Inc in their top 10 holdings decreased from 20 to 8 for a decrease of 12. Sold All: 87 Reduced: 132 Increased: 208 New Position: 55.
Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $12.66 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.
The stock decreased 3.71% or $5.25 during the last trading session, hitting $136.26. Palo Alto Networks Inc (NYSE:PANW) has declined 9.64% since April 26, 2016 and is downtrending. It has underperformed by 14.90% 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.
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.”
Scge Management L.P. holds 8.54% of its portfolio in Palo Alto Networks Inc for 225,000 shares. Hamilton Lane Advisors Llc owns 77,711 shares or 4.91% of their US portfolio. Moreover, Avalon Global Asset Management Llc has 4.2% invested in the company for 59,250 shares. The New York-based Srs Investment Management Llc has invested 3.75% in the stock. Criterion Capital Management Llc, a California-based fund reported 610,330 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 33 selling transactions for $73.39 million net activity.
Ratings analysis reveals 84% of Palo Alto Networks’s analysts are positive. Out of 38 Wall Street analysts rating Palo Alto Networks, 32 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $135 while the high is $235. The stock’s average target of $188.09 is 38.04% above today’s ($136.26) share price. PANW was included in 83 notes of analysts from July 22, 2015. On Tuesday, November 24 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Buy” rating given on Tuesday, November 24 by Stifel Nicolaus. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Overweight” rating by Barclays Capital on Friday, May 27. The firm has “Outperform” rating given on Friday, February 26 by RBC Capital Markets. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Buy” rating by Wunderlich on Tuesday, April 26. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, August 31. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Outperform” rating by RBC Capital Markets on Friday, February 19. Wells Fargo maintained the stock with “Outperform” rating in Friday, May 27 report. Goldman Sachs maintained Palo Alto Networks Inc (NYSE:PANW) on Wednesday, August 31 with “Buy” rating. The stock has “Buy” rating given by Maxim Group on Wednesday, August 31.
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: Investorplace.com which released: “Why Palo Alto Networks Inc (PANW), H & R Block Inc (HRB) and Trina Solar …” on November 28, 2016, also Wsj.com with their article: “Palo Alto Networks Revenue Growth Slows” published on November 21, 2016, Marketwatch.com published: “Palo Alto Networks plummets after disappointing results, outlook” on November 21, 2016. More interesting news about Palo Alto Networks Inc (NYSE:PANW) were released by: Fool.com and their article: “Better Buy: Palo Alto Networks, Inc. vs. Fortinet” published on November 12, 2016 as well as Investorplace.com‘s news article titled: “Why Medtronic PLC (MDT), Dycom Industries, Inc. (DY) and Palo Alto Networks …” with publication date: November 22, 2016.
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By Nellie Frank