Insider Filing: Reasons for Mark Anderson’s Shares Sale of Palo Alto Networks Inc (NYSE:PANW)’s Stock

November 28, 2016 - By Hazel Jackson

Insider Filing: Reasons for Mark Anderson's Shares Sale of Palo Alto Networks Inc (NYSE:PANW)'s Stock

Mark Anderson Insider Sell

17,945 shares of Palo Alto Networks Inc were unloaded by Mark Anderson, the company’s President. Mark Anderson’s shares are valued at close to $2,504,475 which has been calculated on the basis of the average transactions stock price ($139.6 for each share). Mark is trying to silently decrease his company’s share, same as he did in the last month. He sold another 20,111 shares worth $3,215,065 USD. That big deal is sure to get stock traders talking for the company. Mark Anderson now has rights to 259,118 shares of the Firm.

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 38.29% above today’s ($136.01) stock price. Palo Alto Networks has been the topic of 83 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS maintained the shares of PANW in a report on Monday, April 11 with “Buy” rating. The firm earned “Buy” rating on Tuesday, November 24 by Topeka Capital Markets. FBR Capital maintained Palo Alto Networks Inc (NYSE:PANW) on Thursday, September 10 with “Outperform” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 10 report. RBC Capital Markets maintained Palo Alto Networks Inc (NYSE:PANW) rating on Friday, February 26. RBC Capital Markets has “Outperform” rating and $195 price target. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Outperform” rating given on Friday, May 27 by RBC Capital Markets. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Buy” rating given on Wednesday, August 31 by Nomura. The rating was initiated by Buckingham Research with “Buy” on Wednesday, September 9. Goldman Sachs maintained the shares of PANW in a report on Wednesday, August 31 with “Buy” rating. The rating was upgraded by DA Davidson to “Buy” on Tuesday, February 16.

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.

Heritage Management has invested 0.05% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). British Columbia Invest Management last reported 144,805 shares in the company. Clearbridge has 875,566 shares for 0.13% of their US portfolio. Schwab Charles Investment Mngmt accumulated 104,653 shares or 0.02% of the stock. Korea has 0.09% invested in the company for 126,300 shares. Suntrust Banks Inc last reported 0.01% of its portfolio in the stock. Moreover, Hsbc Hldg Pcl has 0.03% invested in Palo Alto Networks Inc (NYSE:PANW) for 99,362 shares. Granite Point Cap Management L P accumulated 0.53% or 10,000 shares. Mathes holds 1.77% or 24,722 shares in its portfolio. Engineers Gate Manager Lp accumulated 0.09% or 10,200 shares. Moreover, American Registered Invest Advisor Inc has 0.13% invested in Palo Alto Networks Inc (NYSE:PANW) for 2,270 shares. Robeco Institutional Asset Bv has 279,064 shares for 0.26% of their US portfolio. Moreover, Marvin & Palmer Assocs Inc has 1.71% invested in Palo Alto Networks Inc (NYSE:PANW) for 10,300 shares. Seabridge Invest Ltd has 60 shares for 0% of their US portfolio. Janus Capital Mngmt Limited Liability Company has invested 0.04% of its portfolio in Palo Alto Networks Inc (NYSE:PANW).

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 32 insider sales for $70.88 million net activity. MCLAUGHLIN MARK D had sold 4,404 shares worth $656,086. $11.54M worth of Palo Alto Networks Inc (NYSE:PANW) shares were sold by ZUK NIR. $347,410 worth of Palo Alto Networks Inc (NYSE:PANW) shares were sold by Tomlinson Steffan. On Tuesday, November 8 the insider WARMENHOVEN DANIEL J sold $295,640. On Friday, September 23 Anderson Mark sold $2.94M worth of the stock or 19,210 shares. 894 shares with value of $142,216 were sold by Eschenbach Carl M. on Tuesday, October 4. BONVANIE RENE sold $1.85 million worth of stock.

About 3.23M shares traded hands or 95.76% up from the average. Palo Alto Networks Inc (NYSE:PANW) has declined 5.98% since April 25, 2016 and is downtrending. It has underperformed by 11.99% the S&P500.

Palo Alto Networks, Inc. offers a next-generation security platform. The company has a market cap of $12.66 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: Wsj.com which released: “Palo Alto Networks Revenue Growth Slows” on November 21, 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: Investorplace.com and their article: “Why Medtronic PLC (MDT), Dycom Industries, Inc. (DY) and Palo Alto Networks ..” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “Palo Alto Networks to Announce Fiscal First Quarter 2017 Financial Results on ..” with publication date: November 01, 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.

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.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>