November 23, 2016 - By Ellis Scott
Mark Anderson, an insider of Palo Alto Networks Inc, currently President recently disclosed a huge transaction with the D.C. based-SEC. As published in the electronic report, Mark Anderson purchased 20,111 shares of the stock exchange listed company, priced at $159.9 per share. $3,215,065 US Dollars was the transaction’s value. The SEC filing’s date was 23/11/2016. Currently, Mr. Mark, has ownership of 277,063 shares, which accounts for 0.31% of the Company’s market cap. The insider’s activity definitely generated quite an interest in the stock community.
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 stock has “Buy” rating given by Needham on Friday, February 26. The firm has “Neutral” rating by Citigroup given on Wednesday, August 31. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Hold” rating given on Thursday, September 10 by Gabelli. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Buy” rating by Stifel Nicolaus on Thursday, September 10. Barclays Capital maintained the shares of PANW in a report on Tuesday, November 24 with “Overweight” rating. The firm has “Buy” rating by Wunderlich given on Tuesday, April 26. The stock has “Hold” rating given by Wunderlich on Thursday, September 10. Citigroup maintained Palo Alto Networks Inc (NYSE:PANW) on Friday, May 27 with “Neutral” rating. On Wednesday, September 9 the stock rating was initiated by Buckingham Research with “Buy”. The company was maintained on Tuesday, November 22 by RBC Capital Markets.
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.
Brown Brothers Harriman Communications, a New York-based fund reported 265 shares. Blackrock Ltd Liability Com, a Delaware-based fund reported 88,097 shares. Meeder Asset Management holds 0% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 397 shares. Clearbridge Investments Lc has 0.13% invested in the company for 875,566 shares. Highlander Mgmt Ltd Liability Corp has 0.04% invested in the company for 400 shares. Blair William Company Il holds 0.44% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 385,411 shares. One National Association holds 8,079 shares or 0.08% of its portfolio. Standard Life Invests Limited accumulated 0.17% or 308,331 shares. Everett Harris & Ca holds 0.02% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 5,000 shares. The New York-based M&T Bancorp has invested 0.05% in Palo Alto Networks Inc (NYSE:PANW). Lazard Asset Management Ltd reported 42,375 shares or 0.01% of all its holdings. Cap Rech Invsts last reported 0.02% of its portfolio in the stock. Menta Capital Ltd Liability reported 11,310 shares or 0.19% of all its holdings. Susquehanna Intl Group Incorporated Llp has 213,672 shares for 0.01% of their US portfolio. Burnham Asset Mgmt Ny holds 0.17% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 5,115 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 28 selling transactions for $66.91 million net activity. WARMENHOVEN DANIEL J had sold 1,950 shares worth $292,500 on Tuesday, September 27. $343,223 worth of shares were sold by BONVANIE RENE on Monday, August 22. Anderson Mark had sold 2,202 shares worth $328,043. Another trade for 76,848 shares valued at $11.54 million was sold by ZUK NIR. MCLAUGHLIN MARK D had sold 70,000 shares worth $9.80M on Tuesday, August 23. Tomlinson Steffan had sold 2,332 shares worth $347,410. On Tuesday, October 4 the insider Eschenbach Carl M. sold $142,216.
About 2.26M 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 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.
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.
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By Ellis Scott