Ownership Change: Is Palo Alto Networks Inc (NYSE:PANW) Stock a Sell after Nir Zuk’s Insider Sale?

November 23, 2016 - By Dolores Ford

Ownership Change: Is Palo Alto Networks Inc (NYSE:PANW) Stock a Sell after Nir Zuk's Insider Sale?

Nir Zuk Insider Sell

Company insider, Nir Zuk, CTO of Palo Alto Networks Inc unloaded a total of 19,694 shares of the firm, estimated based on $159.9 per share. Nir is trying to decrease his company’s share, same as he did in the last 30 days. He sold another 30,000 shares worth $4,565,710 USD. The regulatory filing shows that Nir Zuk now holds roughly 2.33% of the California-based company’s market cap Published 23-11-2016, you can read more about the trade by referring to the following original Form 4 here.

Palo Alto Networks Inc (NYSE:PANW) Ratings Coverage

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. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Outperform” rating by FBR Capital on Friday, February 26. FBR Capital maintained Palo Alto Networks Inc (NYSE:PANW) on Thursday, December 3 with “Outperform” rating. Needham downgraded the stock to “Hold” rating in Friday, May 27 report. JP Morgan maintained Palo Alto Networks Inc (NYSE:PANW) rating on Friday, May 27. JP Morgan has “Overweight” rating and $196 price target. On Friday, May 27 the stock rating was maintained by UBS with “Buy”. The rating was maintained by Stifel Nicolaus on Tuesday, November 24 with “Buy”. The rating was downgraded by TheStreet to “Sell” on Wednesday, July 22. RBC Capital Markets maintained Palo Alto Networks Inc (NYSE:PANW) rating on Friday, February 19. RBC Capital Markets has “Outperform” rating and $185 price target. DA Davidson upgraded Palo Alto Networks Inc (NYSE:PANW) rating on Tuesday, February 16. DA Davidson has “Buy” rating and $186 price target. The stock has “Outperform” rating given by Northland Capital on Thursday, January 21.

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.

Kcm Investment Advisors has invested 0.09% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Ballentine Prtnrs Llc holds 0.05% or 5,184 shares in its portfolio. Franklin Street Advsr Nc holds 0.46% or 19,977 shares in its portfolio. The Texas-based Wfg Advsr L P has invested 0% in Palo Alto Networks Inc (NYSE:PANW). The California-based Granite Invest Prns Ltd Liability has invested 0.09% in Palo Alto Networks Inc (NYSE:PANW). The Ohio-based Advsr Limited Liability Com has invested 0.01% in Palo Alto Networks Inc (NYSE:PANW). The Connecticut-based Trexquant Ltd Partnership has invested 0.18% in Palo Alto Networks Inc (NYSE:PANW). Ellington Management Grp Incorporated Ltd Llc holds 0.48% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 2,800 shares. Standard Life Invests Ltd accumulated 0.17% or 308,331 shares. Sigma Planning accumulated 0.03% or 2,162 shares. Crestwood Advsrs has 3,999 shares for 0.06% of their US portfolio. Victory Capital Mgmt Inc last reported 121,641 shares in the company. Fortaleza Asset has invested 0.01% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Blackrock owns 77,009 shares or 0.01% of their US portfolio. Diversified Trust has 0.11% invested in the company for 7,990 shares.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 28 sales for $66.91 million net activity. WARMENHOVEN DANIEL J had sold 1,950 shares worth $310,050. Another trade for 2,507 shares valued at $343,223 was made by BONVANIE RENE on Monday, August 22. Another trade for 70,000 shares valued at $9.80M was sold by MCLAUGHLIN MARK D. Tomlinson Steffan sold $347,410 worth of Palo Alto Networks Inc (NYSE:PANW) on Wednesday, September 21. $4.57 million worth of Palo Alto Networks Inc (NYSE:PANW) was sold by ZUK NIR. Another trade for 894 shares valued at $142,216 was sold by Eschenbach Carl M. The insider Anderson Mark sold $328,043.

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 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.

PANW Company Profile

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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