Palo Alto Networks Inc (PANW) Stake Cut by Greenwood Capital Associates LLC
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 5:55
FTB Advisors Inc. bought a new stake in shares of Palo Alto Networks during the third quarter valued at $148,000. Institutional investors and hedge funds own 86.51% of the company's stock. LLC boosted its position in shares of Palo Alto Networks by 3.5% in the third quarter. Anderson Mark had sold 1,964 shares worth $245,500. $294,142 worth of Palo Alto Networks Inc (NYSE:PANW) was sold by Tomlinson Steffan on Wednesday, December 21.
Sell-side analysts have also provided a consensus recommendation of 2.20 on company shares. 79 funds opened positions while 153 raised stakes. Bradley Foster & Sargent Inc. Atalanta Sosnoff Capital LLC purchased a new stake in Palo Alto Networks during the first quarter valued at approximately $305,000. Dimensional Fund Advisors LP now owns 83,110 shares of the network technology company's stock valued at $10,393,000 after buying an additional 4,974 shares during the period.
Crosslink Capital Inc increased Palo Alto Networks (PANW) stake by 8.74% reported in 2016Q4 SEC filing. State of Wisconsin Investment Board now owns 145,750 shares of the network technology company's stock worth $23,222,000 after buying an additional 94,600 shares in the last quarter. They now have $131.00 price objective on the network technology company's stock.
04/17/2017 - Palo Alto Networks, Inc. was downgraded to "sector perform" by analysts at FBN Securities. The company has a 50-day moving average price of $113.74 and a 200-day moving average price of $128.30.
So with PANW stock down more than 6% for the year-to-date and 12% in the past six months, now's the time to bet on the company's potential turnaround. Palo Alto Networks has $235 highest and $120 lowest target. Palo Alto Networks also was the target of some unusual options trading on Tuesday. This is an increase of 166% compared to the typical daily volume of 554 call options.
Palo Alto Networks (NYSE:PANW) last posted its earnings results on Tuesday, February 28th.
Palo Alto Networks is expected to report earnings at -$0.41 per share according to the Zacks Consensus Estimate. About shares traded. Palo Alto Networks Inc (NYSE:PANW) has declined 16.31% since May 30, 2016 and is downtrending. GAAP net loss for the fiscal third quarter 2017 was $60.9 million, or $0.67 per diluted share, compared with GAAP net loss of $64.1 million, or $0.73 per diluted share, for the fiscal third quarter 2016.
Palo Alto, whose customers include enterprises and government bodies, said revenue rose 25 percent to $431.8 million in the three month ended April 30.
Revenues rose 24.9% from a year ago to $431.8 million, also easily topping analysts' view for $412.11 million. Moreover, Advsr Asset Management has 0.02% invested in Palo Alto Networks Inc (NYSE:PANW) for 8,214 shares. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and global trademark & copyright legislation.
03/09/2017 - Palo Alto Networks, Inc. had its "neutral" rating reiterated by analysts at Bank of America Merrill Lynch.
Analysts had been modeling $412 million and 55 cents per share. Vetr cut Palo Alto Networks from a buy rating to a hold rating and set a $151.73 price objective for the company.in a report on Tuesday, January 31st. JMP Securities decreased their price objective on shares of Palo Alto Networks from $175.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 1st.
Among 18 analysts covering Energy Transfer Partners (NYSE:ETP), 13 have Buy rating, 0 Sell and 5 Hold. The company presently has a consensus rating of "Buy" and an average price target of $150.09. Credit Agricole S A stated it has 0.01% in Palo Alto Networks Inc (NYSE:PANW). 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.
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