wnol.info November 24 2017

Palo Alto Networks' (PANW) Overweight Rating Reaffirmed at Piper Jaffray Companies

November 24 2017, 10:09 | Alonzo Simpson

Palo Alto Networks Inc (PANW) Earnings Beat, Outlook In-Line, CFO To Retire

Palo Alto Networks Inc

They now have a $175.00 price objective on the network technology company's stock.

A number of other research firms have also recently weighed in on PANW. On September 1 the company was upgraded from "Overweight" to "Overweight" in a report from JP Morgan. The stock now has an average rating of "Buy" and a consensus target price of $153.82.

Palo Alto Networks, Inc. offers a next-generation security platform. Mogy Joel R Inv Counsel owns 0.54% invested in Palo Alto Networks Inc (NYSE:PANW) for 23,748 shares. Jefferies downgraded the shares of PANW in report on Thursday, June 1 to "Buy" rating. The current consensus recommendation provided by covering analysts is 3.40.

LendingClub Corporation (NYSE:LC) appreciated by 0.81% at $6.19, after hitting low of $6.12 in an intra-day trade. The stock decreased 0.08% or $0.11 during the last trading session, reaching $132.69. The 50 day moving average was up by +9.67% whereas the 200 day average was up by +15.59%. The stock's market cap is $13.36 billion. On the flip side, the stock is -11.35% away from the 52 week high. Palo Alto Networks also was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 13,736 put options on the company. This represents an increase of approximately 559% compared to the typical volume of 2,084 put options. California State Teachers Retirement Sys reported 0.05% of its portfolio in Palo Alto Networks Inc (NYSE:PANW).

The Santa Clara, CA-based security platform provider reported Q4 earnings per share (EPS) of $0.92, which was $0.13 better than the Wall Street consensus estimate of $0.79. Everpoint Asset Mngmt Limited Co has 0.02% invested in Palo Alto Networks Inc (NYSE:PANW). The business had revenue of $509 million for the quarter, compared to analysts' expectations of $487.53 million. The Malaga Cove Capital Llc holds 10,167 shares with $1.27 million value, up from 4,477 last quarter. The firm has "Buy" rating given on Tuesday, October 27 by Canaccord Genuity.

For the current quarter ending in November, Palo Alto expects its per-share earnings to range from 67 cents to 69 cents. The correct version of this report can be accessed at https://weekherald.com/2017/09/01/palo-alto-networks-panw-overweight-rating-reaffirmed-at-piper-jaffray-companies.html. If you are accessing this article on another website, it was copied illegally and reposted in violation of global copyright legislation. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the sale, the director now owns 271,645 shares in the company, valued at $37,478,860.65.

Salzhauer Michael increased Bank Amer Corp (BAC) stake by 276.93% reported in 2016Q4 SEC filing. M&R Cap Inc owns 2 shares or 0% of their USA portfolio. It dived, as 57 investors sold Palo Alto Networks Inc shares while 159 reduced holdings. For the quarter, shares have been noted at -3.92%. WFG Advisors LP now owns 900 shares of the network technology company's stock valued at $101,000 after buying an additional 50 shares in the last quarter. Northern Trust Corp raised its stake in Palo Alto Networks by 109.9% in the second quarter. Deutsche Bank AG restated a "hold" rating and issued a $135.00 price target (up from $125.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. Mogy Joel R Investment Counsel Inc. increased its position in shares of Palo Alto Networks by 18.6% in the first quarter. Capstone Asset Management Co. now owns 2,254 shares of the network technology company's stock valued at $254,000 after buying an additional 370 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in shares of Palo Alto Networks by 92.5% in the fourth quarter. Endurance Wealth Management Inc. now owns 3,599 shares of the network technology company's stock valued at $405,000 after buying an additional 904 shares during the period.

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