Ratings Don’t Lie: Imperial Capital Keeps a Outperform Rating on Palo Alto Networks (NYSE:PANW) and $180.00 Target

November 29, 2016 - By Richard Conner

Ratings Don't Lie: Imperial Capital Keeps a Outperform Rating on Palo Alto Networks (NYSE:PANW) and $180.00 Target

Palo Alto Networks (NYSE:PANW) Rating

Imperial Capital have a $180.00 target price on the stock. The target price suggests a potential upside of 34.69% from Palo Alto Networks (NYSE:PANW)‘s previous close. This rating was disclosed to clients in analysts note on 29 November.

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 40.81% above today’s ($133.58) stock price. Palo Alto Networks has been the topic of 83 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, February 26 by FBR Capital. The rating was maintained by FBR Capital on Thursday, December 3 with “Outperform”. The firm has “Hold” rating by Needham given on Friday, May 27. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Overweight” rating given on Thursday, May 12 by Piper Jaffray. Gabelli maintained the stock with “Hold” rating in Thursday, September 10 report. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Neutral” rating by Citigroup on Friday, May 27. The stock of Palo Alto Networks Inc (NYSE:PANW) earned “Buy” rating by Goldman Sachs on Monday, March 21. The rating was upgraded by Argus Research on Wednesday, November 25 to “Buy”. The stock has “Outperform” rating given by RBC Capital Markets on Friday, February 19. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Overweight” rating given on Tuesday, November 24 by Barclays Capital.

The stock decreased 1.97% or $2.68 during the last trading session, hitting $133.58. About 2.64 million shares traded hands or 52.60% up from the average. Palo Alto Networks Inc (NYSE: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 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.

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.

Chesley Taft Associates Ltd Llc accumulated 0.39% or 31,080 shares. The France-based Cap Fund Mngmt has invested 0.02% in Palo Alto Networks Inc (NYSE:PANW). Arcadia Invest Management Mi accumulated 1.63% or 40,752 shares. Moreover, Nippon Life Ins Com has 0.02% invested in Palo Alto Networks Inc (NYSE:PANW) for 6,105 shares. Champlain Inv Ltd Liability Com has 330,550 shares for 0.7% of their US portfolio. British Columbia Invest Management Corp holds 0.16% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 144,805 shares. The Maine-based Hm Payson & Communications has invested 0.04% in Palo Alto Networks Inc (NYSE:PANW). Premier Asset Managment Ltd accumulated 2.52% or 79,711 shares. Next Century Growth Investors Limited Liability Corporation last reported 0.35% of its portfolio in the stock. Eagleclaw Capital Managment Limited Com holds 6,155 shares or 0.5% of its portfolio. Schwab Charles Investment has 104,653 shares for 0.02% of their US portfolio. Wellington Shields Cap Management Ltd Llc owns 9,250 shares or 0.19% of their US portfolio. Partner Fund Management L P holds 1.19% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 321,244 shares. Choate Investment Advisors accumulated 0% or 2,408 shares. Allen Investment Mngmt Ltd Liability Company reported 22,147 shares or 0.21% of all its holdings.

Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 33 selling transactions for $73.39 million net activity. Shares for $1.85M were sold by BONVANIE RENE. Another trade for 4,404 shares valued at $656,086 was sold by MCLAUGHLIN MARK D. Shares for $3.19M were sold by Tomlinson Steffan on Monday, November 21. $514,903 worth of Palo Alto Networks Inc (NYSE:PANW) was sold by Anderson Mark. WARMENHOVEN DANIEL J sold $295,640 worth of Palo Alto Networks Inc (NYSE:PANW) on Tuesday, November 8. ZUK NIR sold 4,404 shares worth $656,086. $142,216 worth of Palo Alto Networks Inc (NYSE:PANW) was 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 $11.79 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.”

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.

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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