November 29, 2016 - By whatsonthorold
They currently have a $180.0 PT on Palo Alto Networks (PANW). Imperial Capital’s target would suggest a potential upside of 32.10% from the company’s last stock close price. This was revealed to clients and investors in analysts note on Tuesday morning.
Out of 4 analysts covering Palo Alto Networks (PANW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $185.0 is the highest target while $165.0 is the lowest. The $175 average target is 28.43% above today’s ($136.26) stock price. Palo Alto Networks has been the topic of 4 analyst reports since August 31, 2016 according to StockzIntelligence Inc. Maxim Group maintained it with “Buy” rating and $185.0 target price in Wednesday, August 31 report. The rating was initiated by Rosenblatt on Monday, September 12 with “Buy”. The rating was downgraded by Raymond James to “Outperform” on Wednesday, August 31. On Wednesday, August 31 the stock rating was maintained by RBC Capital Markets with “Outperform”.
The stock decreased 3.71% or $5.25 during the last trading session, hitting $136.26. Palo Alto Networks Inc (PANW) has declined 9.64% since April 26, 2016 and is downtrending. It has underperformed by 14.90% the S&P500.
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.
Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. 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.
The Maryland-based Ithaka Limited Liability has invested 1.87% in Palo Alto Networks Inc (NYSE:PANW). Barton Inv Mgmt has 1.49% invested in the company for 33,450 shares. State Board Of Administration Of Florida Retirement System accumulated 122,796 shares or 0.05% of the stock. Group One Trading L P holds 0% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 43 shares. Citigroup Inc owns 263,952 shares or 0.03% of their US portfolio. Mitsubishi Ufj & Corp accumulated 0.05% or 176,080 shares. Bradley Foster Sargent Ct holds 3,275 shares or 0.02% of its portfolio. The Colorado-based Janus Mgmt Ltd Com has invested 0.04% in Palo Alto Networks Inc (NYSE:PANW). Us Fincl Bank De reported 41,074 shares or 0.02% of all its holdings. Principal Grp Incorporated has 7,794 shares for 0% of their US portfolio. Rothschild Inv Corporation Il accumulated 34,835 shares or 0.55% of the stock. The Missouri-based Parkside Bancorp & Trust has invested 0% in Palo Alto Networks Inc (NYSE:PANW). Tru Of Vermont reported 342 shares or 0.01% of all its holdings. Aviance Ptnrs Ltd Liability Corporation holds 0.09% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 1,960 shares. Catalyst Capital Advisors Llc holds 0% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 11 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 33 insider sales for $73.39 million net activity. $347,410 worth of Palo Alto Networks Inc (NYSE:PANW) was sold by Tomlinson Steffan. $292,500 worth of shares were sold by WARMENHOVEN DANIEL J on Friday, October 21. 5,977 shares were sold by MCLAUGHLIN MARK D, worth $955,519. The insider BONVANIE RENE sold 2,507 shares worth $343,223. ZUK NIR had sold 103,152 shares worth $16.44M on Friday, October 7. The insider Anderson Mark sold $514,903. 894 shares with value of $142,216 were sold by Eschenbach Carl M. on Tuesday, October 4.
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.”
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.
More notable recent Palo Alto Networks Inc (NYSE:PANW) news were published by: Investorplace.com which released: “Why Palo Alto Networks Inc (PANW), H & R Block Inc (HRB) and Trina Solar …” on November 28, 2016, also Wsj.com with their article: “Palo Alto Networks Revenue Growth Slows” published on November 21, 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 Investorplace.com‘s news article titled: “Why Medtronic PLC (MDT), Dycom Industries, Inc. (DY) and Palo Alto Networks …” with publication date: November 22, 2016.
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