Here is the rundown on market activity for Palo Alto Networks, Inc. Common (NYSE:PANW). Mark Anderson, President sold $2,944,893 worth of shares at an average price of $153.30 on Fri the 23rd. That brings Anderson’s holdings to $39,596,164 per an SEC filing yesterday. Rene Bonvanie, Chief Marketing Officer reported the sale of 4,404 shares. The shares were sold on September 21st for an average price of $148.98. Bonvanie now owns $17,969,521 of the stock per the Form 4 SEC filing.
CTO Nir Zuk sold 76,848 shares at a price of $150.13 on Thu the 15th. Zuk now owns $288,662,007 of stock as recorded in a recent Form 4 SEC filing.
These funds have also shifted positions in (PANW). Evercore Wealth Management, LLC augmented its stake by buying 410 shares an increase of 1,413.8% from 03/31/2016 to 06/30/2016. Evercore Wealth Management, LLC now controls 439 shares worth $54,000. The total value of its holdings increased 980.0%. BNP Paribas Investment Partners S.A. downsized its position by shedding 3,112 shares a decrease of 58.3% as of 06/30/2016. BNP Paribas Investment Partners S.A. owns 2,223 shares with a value of $273,000. The value of the position overall is down by 71.0%.
As of the end of the quarter Twin Tree Management, Lp had sold a total of 25,400 shares trimming its position 98.8%. The value of the investment in (PANW) decreased from $4,193,000 to $53,000 decreasing 98.7% quarter to quarter. Northwestern Mutual Wealth Management Co added to its holdings by buying 46 shares an increase of 11.1% in the quarter. Northwestern Mutual Wealth Management Co currently owns 460 shares valued at $57,000. The value of the position overall is down by 16.2%.
On September 12 analysts at Rosenblatt initiated coverage giving it an initial rating of “Buy”. On August 31 Barclays maintained a company rating of “Overweight” but lowered the price expectation from $196.00 to $185.00.
Raymond James raised the price target and downgraded the stock on August 31 changing the price objective from $90.00 to $185.00 and moving the rating from “Strong Buy” to “Overweight”. On August 31 the company was downgraded from “Strong Buy” to “Overweight” with a current price target of $185.00 by analysts at Raymond James.
August 31 investment analysts at Wunderlich left the company rating at “Overweight” but moved down the price target to $185.00 from $196.00. August 31 investment analysts at Citigroup kept the stock rating at “Neutral” and moved up the price target to $140.00 from $45.00.
In the market the company is trading up by 1.37% since yesterday’s close of $149.84. Company shares last traded at $151.90 slightly over $141.33, the 50 day moving average and just a bit higher than the 200 day moving average of $139.25. The 50 day moving average was up by +7.48% and the 200 day average went up $12.65 or +9.08%.
As of the latest earnings report the EPS was $-2.59 and is expected to be $2.78 for the current year with 90,850,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.63 and the next full year EPS is projected to be $3.80.