November 23, 2016 - By Richard Conner
The Chief Financial Officer of Palo Alto Networks Inc and corporation’s insider Steffan Tomlinson sold 19,968 shares of the stock exchange listed company based on the average price of stock which is $159.9 per each share. The mentioned shares are valued at precisely $3,192,204 U.S Dollars. Currently, Mr. Steffan, owns 136,930 shares, which accounts for 0.15% of Palo Alto Networks Inc’s market cap. The insider’s activity definitely generated quite an interest in the stock community. The date was November 23, 2016 when Steffan completed the trade, and it was made public in a document with the SEC, freely available for public review on this website.
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 $188.09 average target is 34.91% above today’s ($139.42) stock price. Palo Alto Networks has been the topic of 83 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Friday, May 27 the stock rating was downgraded by Needham to “Hold”. On Friday, September 11 the stock rating was maintained by Imperial Capital with “Outperform”. Wunderlich maintained the stock with “Buy” rating in Friday, May 27 report. The firm earned “Buy” rating on Monday, March 21 by Goldman Sachs. The rating was maintained by Goldman Sachs with “Buy” on Friday, May 27. The firm has “Buy” rating by Needham given on Friday, February 26. The rating was initiated by Northland Capital on Thursday, January 21 with “Outperform”. The firm has “Buy” rating by UBS given on Friday, May 27. Stifel Nicolaus maintained it with “Buy” rating and $200 target price in Thursday, September 10 report. The company was maintained on Friday, February 19 by RBC Capital Markets.
Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.04, from 1.2 in 2016Q1. The ratio is positive, 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.
Pennsylvania Trust Communications reported 2,125 shares or 0.02% of all its holdings. Moreover, Ballentine Prtnrs Llc has 0.05% invested in Palo Alto Networks Inc (NYSE:PANW) for 5,184 shares. The Delaware-based Reliance Tru Communications Of Delaware has invested 0.06% in Palo Alto Networks Inc (NYSE:PANW). Belmont Glob Advisors has 1% invested in the company for 8,500 shares. Johnson reported 145 shares or 0% of all its holdings. Architects has invested 0.01% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Keybank Association Oh holds 44,244 shares or 0.04% of its portfolio. Raymond James Finance Advsr has 44,880 shares for 0.05% of their US portfolio. Manufacturers Life Com The last reported 0.02% of its portfolio in the stock. Teachers Advisors Incorporated has 120,129 shares for 0.03% of their US portfolio. Janus Cap Mgmt Ltd owns 361,600 shares or 0.04% of their US portfolio. Cupps Cap Mgmt Limited Liability Corp holds 9,320 shares or 0.3% of its portfolio. Nordea Investment Mngmt Ab has 0% invested in the company for 1,460 shares. Eaton Vance reported 343,721 shares or 0.12% of all its holdings. Fifth Third Bancorp accumulated 0% or 2,136 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 28 sales for $66.91 million net activity. Anderson Mark also sold $328,043 worth of Palo Alto Networks Inc (NYSE:PANW) shares. 2,655 shares were sold by Tomlinson Steffan, worth $363,485. Eschenbach Carl M. also sold $142,216 worth of Palo Alto Networks Inc (NYSE:PANW) shares. On Tuesday, September 20 WARMENHOVEN DANIEL J sold $294,450 worth of the stock or 1,950 shares. 76,848 shares were sold by ZUK NIR, worth $11.54M on Wednesday, September 14. Another trade for 2,507 shares valued at $343,223 was made by BONVANIE RENE on Monday, August 22. $656,086 worth of Palo Alto Networks Inc (NYSE:PANW) was sold by MCLAUGHLIN MARK D.
About 2.26 million shares traded hands or 32.94% up from the average. Palo Alto Networks Inc (NYSE:PANW) has declined 4.59% since April 21, 2016 and is downtrending. It has underperformed by 9.92% the S&P500.
Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $11.05 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.
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.”
Analysts await Palo Alto Networks Inc (NYSE:PANW) to report earnings on February, 23. They expect $-0.41 earnings per share, up 50.60% or $0.42 from last year’s $-0.83 per share. After $-0.58 actual earnings per share reported by Palo Alto Networks Inc for the previous quarter, Wall Street now forecasts -29.31% EPS growth.
More notable recent Palo Alto Networks Inc (NYSE:PANW) news were published by: Foxbusiness.com which released: “Why Palo Alto Networks, Inc. Stock Plunged Today” on November 22, 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: Bloomberg.com and their article: “Palo Alto Networks CEO Sells $130 Million Stock After Record Pay” published on October 26, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Palo Alto Networks, Inc., 50.0% Follow-Through ..” with publication date: November 21, 2016.
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.
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.