Palo Alto Networks, Inc. (NYSE:PANW) has been the object of insider selling activity recently. James J. Goetz, Director let go of $4,139,100 worth of shares at an average price of $137.97 on Mon the 10th. The Director now owns $37,478,861 of the stock as recorded in a recent Form 4 SEC filing. Nir Zuk, CTO sold $268,900 worth of shares at an average price of $134.45 on January 9th. That brings the CTO’s holdings to $246,894,434 as reported to the SEC.
President Mark Anderson sold 1,964 shares at an average price of $125.00 on Fri the 23rd. Anderson now owns $31,868,875 of stock per an SEC filing yesterday.
Palo Alto Networks, Inc., launched 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 Business’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber attacks that run malicious code or exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. Its Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber attacks..
The following firms have also recently changed their position in PANW. As of the end of the quarter Gateway Investment Advisers LLC had acquired a total of 603 shares growing its stake by 1.5%. The value of the investment in PANW increased from $4,539,000 to $5,471,000 a change of $932,000 quarter to quarter. As of quarter end Clinton Group Inc had sold 19,126 shares trimming its position 82.9%. The value of the investment in Palo Alto Networks, Inc. went from $2,829,000 to $444,000 decreasing 84.3% quarter over quarter.
Creative Planning divested its ownership by shedding 18,978 shares a decrease of 99.5% in the quarter. Creative Planning owns 100 shares worth $3,000. The value of the position overall is down by 99.9%. As of the end of the quarter Spiderrock Advisors LLC had sold a total of 8,500 shares trimming its holdings by 63.0%. The value of the company’s investment in Palo Alto Networks, Inc. went from $7,000 to $1,000 a change of 85.7% for the reporting period.
On July 7 the company was upgraded from “Neutral” to “Buy” in a statement from Citigroup. On June 7 analysts at Susquehanna released its first research report on the stock with an initial rating of “Neutral”.
On May 19, 2017 the stock rating was set at “Buy” in a report from Jefferies which was a boost from the previous “” rating. Summit Redstone Partners starting coverage on the stock giving it an initial rating of “Hold”.
On November 22 Barclays made no change to the company rating of “Market Outperform” but lowered the price expectation to $175.00 from $185.00. November 22 investment analysts at Bernstein maintained a stock rating of “Overweight” and lowered the price expectation from $196.00 to $175.00.
The company is up by 0.38% since yesterday’s close of $138.86. Company chares are trading at $139.39 just above $128.32, the 50 day moving average and a bit higher than the 200 day moving average of $127.52. The 50 day moving average went up $11.07 or +8.63% and the 200 day average went up $11.87 or +9.31%.
As of the latest earnings report the EPS was $-2.70 and is expected to be $2.59 for the current year with 91,823,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.68 with next year’s EPS anticipated to be $3.27.