November 29, 2016 - By Peter Kolinski
Imperial Capital have a $180 price target on the stock. The price target would suggest a potential upside of 32.10% from Palo Alto Networks (NYSE:PANW)‘s close price. This rating was revealed in a research report on 29 November.
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 38.04% above today’s ($136.26) 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 “Buy” rating by Maxim Group on Wednesday, August 31. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Outperform” rating given on Tuesday, November 24 by RBC Capital Markets. Dougherty & Company maintained the shares of PANW in a report on Friday, May 27 with “Buy” rating. FBR Capital maintained the shares of PANW in a report on Thursday, September 10 with “Outperform” rating. On Friday, October 16 the stock rating was initiated by DA Davidson with “Neutral”. UBS maintained Palo Alto Networks Inc (NYSE:PANW) rating on Thursday, September 10. UBS has “Buy” rating and $202 price target. The firm has “Buy” rating given on Wednesday, November 25 by Argus Research. The stock has “Outperform” rating given by Raymond James on Wednesday, August 31. As per Friday, February 26, the company rating was upgraded by Bank of America. On Thursday, April 21 the stock rating was maintained by Morgan Stanley with “Overweight”.
The stock decreased 3.71% or $5.25 during the last trading session, hitting $136.26. 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 Q2 2016. Its up 0.04, from 1.2 in 2016Q1. The ratio increased, 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 Texas-based Belmont Global Advsr Incorporated has invested 1% in Palo Alto Networks Inc (NYSE:PANW). Bancorp Of Nova Scotia holds 29,573 shares or 0.02% of its portfolio. The Iowa-based Dubuque National Bank & has invested 0.07% in Palo Alto Networks Inc (NYSE:PANW). Wfg Advsr L P holds 0% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 100 shares. Crosslink last reported 3.15% of its portfolio in the stock. Quantbot Techs Limited Partnership reported 19,419 shares or 0.25% of all its holdings. Bedell Frazier Invest Counseling has 3.51% invested in the company for 58,682 shares. Kbc Gp Nv has 0.01% invested in the company for 5,148 shares. Amp Cap Invsts holds 0.03% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 40,663 shares. Agran Libbie accumulated 7,020 shares or 0.22% of the stock. Creative Planning has 0.02% invested in the company for 20,767 shares. Sigma Planning holds 0.03% or 2,162 shares in its portfolio. Washington Trust State Bank accumulated 31 shares or 0% of the stock. Partner Fund Mgmt Lp has 321,244 shares for 1.19% of their US portfolio. Johnson Finance holds 0% or 145 shares in its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 33 selling transactions for $73.39 million net activity. Anderson Mark also sold $328,043 worth of Palo Alto Networks Inc (NYSE:PANW) on Wednesday, September 21. Shares for $4.57 million were sold by ZUK NIR. On Tuesday, October 4 Eschenbach Carl M. sold $142,216 worth of the stock or 894 shares. MCLAUGHLIN MARK D sold 26,423 shares worth $3.81 million. Shares for $1.85 million were sold by BONVANIE RENE on Wednesday, September 14. 1,950 Palo Alto Networks Inc (NYSE:PANW) shares with value of $292,500 were sold by WARMENHOVEN DANIEL J. 19,968 shares were sold by Tomlinson Steffan, worth $3.19 million on Monday, November 21.
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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