November 23, 2016 - By Dolores Ford
Seeing the stocks unload Rene Bonvanie made he is in the stock market focus today. The Chief Marketing Officer of Palo Alto Networks Inc and an insider, unloaded 12,319 shares worth $1,969,389 U.S. Dollars. The average price was $159.9 per share. Mr. Rene presently owns 127,738 shares, accounting for 0.14% of the Company’s market capitalization.
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. UBS maintained the stock with “Buy” rating in Monday, April 11 report. As per Tuesday, November 24, the company rating was maintained by RBC Capital Markets. The rating was maintained by Wunderlich on Thursday, September 10 with “Hold”. As per Tuesday, November 24, the company rating was maintained by Barclays Capital. The company was maintained on Thursday, September 10 by Stifel Nicolaus. Imperial Capital maintained it with “Outperform” rating and $200 target price in Friday, September 11 report. The firm has “Overweight” rating given on Friday, May 27 by Pacific Crest. On Friday, February 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. BTIG Research initiated Palo Alto Networks Inc (NYSE:PANW) rating on Thursday, September 10. BTIG Research has “Buy” rating and $210 price target. On Monday, March 21 the stock rating was initiated by Goldman Sachs 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 improved, 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.
Pioneer Investment Mgmt holds 0.03% or 62,541 shares in its portfolio. The Wisconsin-based Sii Invests Inc Wi has invested 0.08% in Palo Alto Networks Inc (NYSE:PANW). State Board Of Administration Of Florida Retirement System holds 0.05% or 122,796 shares in its portfolio. Moreover, Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma has 0% invested in Palo Alto Networks Inc (NYSE:PANW) for 935 shares. Ellington Group Ltd Liability Corp last reported 2,800 shares in the company. Meeder Asset Mgmt Inc has 0% invested in the company for 397 shares. Accuvest Glob Advsrs last reported 0.19% of its portfolio in the stock. Sigma Planning Corp last reported 0.03% of its portfolio in the stock. Moreover, Proshare Advisors Ltd Llc has 0% invested in Palo Alto Networks Inc (NYSE:PANW) for 2,577 shares. Schroder Investment owns 8,313 shares or 0% of their US portfolio. Gamco Investors Et Al last reported 0.01% of its portfolio in the stock. Moreover, Bourgeon Mngmt has 2.56% invested in Palo Alto Networks Inc (NYSE:PANW) for 32,136 shares. Fortaleza Asset Mgmt, a Illinois-based fund reported 55 shares. Trexquant Invest Limited Partnership accumulated 0.18% or 11,100 shares. Meru Capital Gp Limited Partnership has 0.35% invested in the company for 8,268 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 28 insider sales for $66.91 million net activity. ZUK NIR sold $457,677 worth of Palo Alto Networks Inc (NYSE:PANW) on Monday, August 22. WARMENHOVEN DANIEL J sold $299,813 worth of stock. Eschenbach Carl M. also sold $142,216 worth of Palo Alto Networks Inc (NYSE:PANW) shares. BONVANIE RENE sold $1.85M worth of stock. Anderson Mark had sold 3,761 shares worth $514,903 on Monday, August 22. Another trade for 61,423 shares valued at $8.50 million was made by MCLAUGHLIN MARK D on Thursday, June 2. Shares for $347,410 were sold by Tomlinson Steffan.
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: 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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By Dolores Ford