Can Palo Alto Networks, Inc. (PANW)’s Tomorrow be Different? The Stock Formed a Wedge Up

February 15, 2018 - By Linda Rogers

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.22, from 0.94 in 2017Q2. It improved, as 43 investors sold Palo Alto Networks, Inc. shares while 148 reduced holdings. 63 funds opened positions while 159 raised stakes. 70.19 million shares or 3.76% more from 67.64 million shares in 2017Q2 were reported.
Baker Avenue Asset Mngmt Ltd Partnership has 1,921 shares. Advsrs Management Limited Co holds 18,265 shares. Next Group owns 4,830 shares. Sirios Mgmt Limited Partnership has invested 2.52% in Palo Alto Networks, Inc. (NYSE:PANW). Natixis holds 127,594 shares or 0.17% of its portfolio. Cetera Advisor Netwr Lc reported 1,596 shares or 0.01% of all its holdings. Capital Fund holds 25,176 shares. Huntington Bancshares, a Ohio-based fund reported 100 shares. Sandy Spring Commercial Bank accumulated 300 shares or 0% of the stock. Hbk Sorce Advisory Ltd Liability stated it has 2,484 shares. Alyeska Invest Grp L P holds 1.39M shares or 1.61% of its portfolio. Connable Office Inc invested 0.29% in Palo Alto Networks, Inc. (NYSE:PANW). Schwab Charles Invest Management holds 0.02% or 161,494 shares in its portfolio. Moreover, Yorktown Mngmt And Rech has 0.06% invested in Palo Alto Networks, Inc. (NYSE:PANW). Apriem Advsr has invested 0.07% in Palo Alto Networks, Inc. (NYSE:PANW).

Since September 8, 2017, it had 0 buys, and 15 insider sales for $63.89 million activity. ZUK NIR sold 2,000 shares worth $290,015. MCLAUGHLIN MARK D also sold $5.52 million worth of Palo Alto Networks, Inc. (NYSE:PANW) shares. $6.36 million worth of Palo Alto Networks, Inc. (NYSE:PANW) shares were sold by Anderson Mark. $227,920 worth of stock was sold by Eschenbach Carl M. on Friday, September 8. BONVANIE RENE sold $4.09 million worth of stock.

The stock of Palo Alto Networks, Inc. (PANW) formed an up wedge with $164.92 target or 3.00 % above today’s $160.12 share price. The 6 months wedge indicates low risk for the $14.71 billion company. If the $164.92 price target is reached, the company will be worth $441.39M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.11% or $1.75 during the last trading session, reaching $160.12. About 820,927 shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since February 15, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 27. They expect $-0.21 earnings per share, up 63.79 % or $0.37 from last year’s $-0.58 per share. 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.

Palo Alto Networks, Inc. (NYSE:PANW) Ratings Coverage

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 42 have Buy rating, 2 Sell and 8 Hold. Therefore 81% are positive. Palo Alto Networks had 185 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, September 1, the company rating was upgraded by JP Morgan. Imperial Capital maintained it with “Outperform” rating and $200 target in Friday, September 11 report. Robert W. Baird maintained it with “Hold” rating and $149.0 target in Friday, October 13 report. The firm earned “Outperform” rating on Tuesday, November 21 by FBN Securities. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by UBS on Monday, April 11. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Outperform” rating given on Wednesday, November 25 by Imperial Capital. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Outperform” rating by Imperial Capital on Tuesday, November 29. The firm earned “Buy” rating on Friday, July 7 by Jefferies. Cowen & Co maintained Palo Alto Networks, Inc. (NYSE:PANW) on Wednesday, September 27 with “Buy” rating. Oppenheimer maintained Palo Alto Networks, Inc. (NYSE:PANW) on Thursday, June 1 with “Buy” rating.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Investorplace.com which released: “Trade of the Day: Palo Alto Networks Inc Stock Clears the Hurdle” on January 24, 2018, also Fool.com with their article: “Better Buy: Palo Alto Networks, Inc. vs. Check Point Software” published on January 21, 2018, Businesswire.com published: “Box and Palo Alto Networks Strengthen Integration to Protect the Extended …” on February 12, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Fool.com and their article: “Why Palo Alto Networks, Inc. Stock Climbed 15.9% in 2017” published on January 17, 2018 as well as Gurufocus.com‘s news article titled: “Frank Sands Buys Loxo Oncology Inc, Palo Alto Networks Inc, Sea, Sells …” with publication date: February 14, 2018.

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