Palo Alto Networks Stock Pulls Back After Goldman Downgrade

Lloyd Doyle
January 23, 2018

The institutional investor held 1,413 shares of the technology company at the end of 2017Q3, valued at $204,000, down from 4,900 at the end of the previous reported quarter. The company had revenue of $505.50 million during the quarter, compared to the consensus estimate of $489.36 million.

Palo Alto Networks, Inc offers a next-generation security platform. The stock decreased 2.94% or $4.62 during the last trading session, reaching $152.6. About 4.03 million shares traded. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. (NYSE:PANW) for 2,525 shares. It has underperformed by 33.01% the S&P500. VICTORY CAPITAL MANAGEMENT INC also announced increased position in ADTRAN, Inc. The firm has a market capitalization of $14,140.00, a PE ratio of -62.55 and a beta of 0.99. The Arrowstreet Capital Limited Partnership holds 472,800 shares with $97.20M value, up from 413,100 last quarter. The company has market cap of $14.45 billion.

The stock decreased 4.12% or $1.1 during the last trading session, reaching $25.57. About 1.04M shares traded. (NYSE:PANW) has declined 16.31% since January 23, 2017 and is downtrending. It has outperformed by 2.36% the S&P500.

Since September 8, 2017, it had 0 insider buys, and 11 insider sales for $52.49 million activity.

In related news, CEO Mark D. Mclaughlin sold 35,000 shares of the company's stock in a transaction on Wednesday, January 3rd. Shares for $227,920 were sold by Eschenbach Carl M. On Tuesday, October 10 the insider MERESMAN STANLEY J sold $302,024. Also, CMO Rene Bonvanie sold 16,596 shares of the business's stock in a transaction on Monday, November 27th. Anderson Mark sold $6.36 million worth of Palo Alto Networks, Inc.


But PANW's 30-day implied volatility skew now stands at 14.8%, putting it just 2 percentage points from a 52-week high. Northland Securities set a $175.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Wednesday, October 18th. Therefore 79% are positive.

Seymour Sy Kaufman increased its stake in Palo Alto Networks (PANW) by 9.17% based on its latest 2017Q3 regulatory filing with the SEC. The firm has "Buy" rating by Northland Capital given on Friday, September 1. As per Tuesday, September 5, the company rating was maintained by Oppenheimer. BMO Capital Markets maintained Palo Alto Networks, Inc. (NYSE:PANW) on Wednesday, March 1 to "Market Perform" rating. The rating was maintained by Jefferies with "Buy" on Tuesday, September 12. The firm earned "Buy" rating on Monday, November 13 by KeyBanc Capital Markets. BMO Capital Markets maintained it with "Hold" rating and $15000 target in Friday, July 14 report. The stock has "Outperform" rating by Raymond James on Tuesday, May 2. The rating was maintained by Jefferies on Wednesday, July 26 with "Buy". The stock has "Buy" rating by Wunderlich on Friday, May 27. (NYSE:ROK) by 193,410 shares to 391,225 shares, valued at $69.72M in 2017Q3, according to the filing. Following the completion of the sale, the chief executive officer now directly owns 348,901 shares of the company's stock, valued at approximately $52,160,699.50. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay increased attention to see if there will be a breakthrough that level. Its down 0.06, from 0.87 in 2017Q2. It improved, as 43 investors sold Palo Alto Networks, Inc. shares while 148 reduced holdings. 5 funds opened positions while 8 raised stakes. 292,185 were accumulated by Teacher Retirement Of Texas. The firm owned 6,019,037 shares of the company's stock after buying an additional 99,779 shares during the period. After $-0.16 actual earnings per share reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts 31.25% negative EPS growth.

Analysts' mean recommendation for Palo Alto Networks, Inc. PANW shares are still up 9.3% in the past six months, and are holding above the recently supportive 20-day moving average. Wedge Mgmt L Lp Nc holds 253,807 shares or 0.49% of its portfolio. Etrade Ltd Limited Liability Company reported 1,831 shares or 0.01% of all its holdings. 690 were reported by Point72 Asia (Hong Kong) Limited. Broadview Advisors Llc owns 1,950 shares. Old Mutual Customised Solutions (Proprietary) has 700 shares for 0.01% of their portfolio. Palo Alto Networks had 181 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Palo Alto Networks, Inc. (NYSE:PANW) rating on Tuesday, November 21. Mastrapasqua Asset has invested 0.4% in Palo Alto Networks, Inc.

Looking at some analyst views on shares of AutoNation, Inc. During the same period in the previous year, the firm posted $0.55 earnings per share. The network technology company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.06. Pub Sector Pension Board has invested 0% of its portfolio in Foot Locker, Inc. Its up 0.22, from 0.94 in 2017Q2. Over the last three months, insiders have sold 354,644 shares of company stock worth $52,415,318. 65 funds opened positions while 178 raised stakes. 102.60 million shares or 21.13% more from 84.70 million shares in 2017Q2 were reported. Invest Centers Of America accumulated 0.05% or 4,833 shares. Its up 0.26% from 16.59M shares previously. (NYSE:PANW) were released by: Benzinga.com and their article: "Palo Alto Networks Has "Compelling" Risk-Reward, Says Evercore ISI" published on January 18, 2018 as well as Fool.com's news article titled: "Why Palo Alto Networks, Inc". Deutsche Bancshares Ag stated it has 0.01% in Chegg, Inc. 15,203 are held by State Of Alaska Department Of Revenue. Capital Investment Counsel reported 0.17% in Foot Locker, Inc. Pillar Pacific Cap Mgmt Ltd accumulated 8,250 shares. Malaga Cove Limited holds 0.94% or 11,355 shares in its portfolio. (NYSE:CHGG). Sanctuary Wealth Advsr Limited, a California-based fund reported 566 shares. Karp Cap Management has invested 0.26% in General Dynamics Corporation (NYSE:GD). Cambridge Trust Co. now owns 137,115 shares of the network technology company's stock valued at $19,758,000 after buying an additional 44,759 shares during the period. Rockland Trust has invested 0.05% in General Dynamics Corporation (NYSE:GD). (NYSE:CHGG). Paw Capital stated it has 185,000 shares or 2.88% of all its holdings.

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