November 23, 2016 - By Marguerite Chambers
In consideration of stocks unload Mark Mclaughlin made he is in stock market attention today. The Chief Executive Officer of Palo Alto Networks Inc and an insider, sold 5,977 shares worth $955,519 USD. The average price was $159.9 per share. The probability of this transaction staying a secret is little, with the Chief Executive Officer now having in hand 595,326 shares —- that is 0.66% of the market cap of the Company. Mark Mclaughlin’s stocks unload was completed on 23-11-2016 and was made public in a Form 4 at the SEC’s 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 34.95% above today’s ($139.38) stock price. Palo Alto Networks has been the topic of 83 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, September 10. The firm has “Buy” rating given on Friday, May 27 by Goldman Sachs. The company was maintained on Thursday, September 10 by Gabelli. UBS maintained Palo Alto Networks Inc (NYSE:PANW) on Friday, May 27 with “Buy” rating. The rating was initiated by Goldman Sachs with “Buy” on Monday, March 21. FBR Capital maintained the stock with “Outperform” rating in Tuesday, November 24 report. Topeka Capital Markets maintained the stock with “Buy” rating in Friday, February 26 report. UBS maintained Palo Alto Networks Inc (NYSE:PANW) rating on Monday, April 11. UBS has “Buy” rating and $180 price target. The stock has “Buy” rating given by DA Davidson on Tuesday, February 16. The rating was initiated by Evercore on Tuesday, December 15 with “Buy”.
Insitutional Activity: The institutional sentiment increased to 1.24 in 2016 Q2. 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.
Hm Payson last reported 0.04% of its portfolio in the stock. Nordea Investment Ab accumulated 1,460 shares or 0% of the stock. Mizuho Com Ltd accumulated 138,396 shares or 0.05% of the stock. Utah Retirement holds 0.05% or 15,900 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 11,800 shares or 0.06% of its portfolio. Aviance Capital Ltd Limited Liability Company last reported 0.09% of its portfolio in the stock. Sands Limited Liability Corp holds 1.76% or 4.65M shares in its portfolio. Meiji Yasuda Asset holds 2,630 shares or 0.05% of its portfolio. Amer Century Cos accumulated 5,742 shares or 0% of the stock. Menta Capital Ltd reported 11,310 shares or 0.19% of all its holdings. Hbk Sorce Advisory has 2,481 shares for 0.07% of their US portfolio. Susquehanna Int Limited Liability Partnership has 213,672 shares for 0.01% of their US portfolio. Credit Suisse Ag last reported 224,616 shares in the company. Us Natl Bank De holds 0.02% or 41,074 shares in its portfolio. The Hong Kong-based Point72 Asia (Hong Kong) has invested 2.04% in Palo Alto Networks Inc (NYSE:PANW).
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 28 sales for $66.91 million net activity. 1,950 shares were sold by WARMENHOVEN DANIEL J, worth $311,240. Another trade for 894 shares valued at $142,216 was sold by Eschenbach Carl M. Another trade for 3,343 shares valued at $457,677 was made by ZUK NIR on Monday, August 22. 2,332 shares with value of $347,410 were sold by Tomlinson Steffan on Wednesday, September 21. $656,086 worth of Palo Alto Networks Inc (NYSE:PANW) was sold by BONVANIE RENE. Shares for $2.94 million were sold by Anderson Mark on Friday, September 23. 70,000 Palo Alto Networks Inc (NYSE:PANW) shares with value of $9.80 million were 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: Nasdaq.com which released: “Earnings Reaction History: Palo Alto Networks, Inc., 50.0% Follow-Through ..” on December 03, 2013, also Foxbusiness.com with their article: “Why Palo Alto Networks, Inc. Stock Plunged Today” published on November 22, 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 Bloomberg.com‘s news article titled: “Palo Alto Networks CEO Sells $130 Million Stock After Record Pay” with publication date: October 26, 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.
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