Economy

Palo Alto Networks, Inc. (NYSE:PANW) Releases FY18 Earnings Guidance

Halbert Hargrove Russell LLC now owns 3,029 shares of the network technology company's stock valued at $341,000 after purchasing an additional 3,005 shares during the period. Palo Alto Networks Inc now has $13.29 billion valuation. About 121 shares traded.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. It has underperformed by 33.01% the S&P500. Short interest fell 586,061 over that timeframe. Its up 225.7% from 269,600 shares previously. The days to cover increased to 5.0 and the percentage of shorted shares was 0.05% on August 15. The SI to Forum Energy Tech Incorporated's float is 18.28%. About 1.43 million shares traded. Xylem Inc (NYSE:XYL) has risen 20.76% since September 8, 2016 and is uptrending. It has underperformed by 11.95% the S&P500.

Franklin Resources Inc decreased Allegiant Travel Co (NASDAQ:ALGT) stake by 11,761 shares to 757,303 valued at $126.01M in 2016Q4. It also upped Ibm Corp (NYSE:IBM) stake by 34,400 shares and now owns 46,149 shares. Ford Motor Company (NYSE:F) was raised too. Argus upgraded Palo Alto Networks from a "hold" rating to a "buy" rating and set a $183.00 target price on the stock in a research report on Tuesday. Therefore 75% are positive. The Illinois-based Envestnet Asset Mgmt has invested 0% in Palo Alto Networks Inc (NYSE:PANW). The stock's market capitalization is 13.29B. The rating was downgraded by Jefferies to "Buy" on Thursday, June 1. The company has an average rating of "Buy" and a consensus price target of $157.91. On September 5, 2017 the stock rating was changed to "Outperform" by Imperial Capital up from the previous "Outperform" rating. The company was maintained on Thursday, June 15 by Evercore. On Tuesday, September 5 the stock rating was upgraded by Summit Redstone Partners to "Buy". Lastly, crowd sourced stock rating company Vetr cut shares of Palo Alto Networks from a "buy" recommendation to a "hold" recommendation and fixed a $140.90 price objective on the shares.in a study report on early Mon, Jul 10th. On September 1 Deutsche Bank maintained a company rating of "Market Perform" but moved down the price target from $196.00 to $160.00. The firm has "Buy" rating given on Wednesday, August 31 by Nomura.

Non-GAAP net income for the fiscal fourth quarter 2017 was USD 85.5 million, or USD 0.92 per diluted share, compared with non-GAAP net income of USD 60.3 million, or USD 0.66 per diluted share, for the fiscal fourth quarter 2016. Its down 0.26, from 1.2 in 2016Q3. It dived, as 57 investors sold PANW shares while 159 reduced holdings. 71 funds opened positions while 160 raised stakes. (NYSE:WST). Kayne Anderson Rudnick Invest Management Ltd Liability holds 0.03% or 26,173 shares in its portfolio. Stephens Ar holds 0.05% or 9,690 shares. Tru Of Vermont, a Vermont-based fund reported 421 shares. 178,696 are held by Mitsubishi Ufj Trust Bk Corporation. Victory Capital Management held roughly 0.30% of Palo Alto Networks valued $36,798,000 as of its latest disclosure with the securities and exchange commission. Citadel Limited Company holds 0% or 38,770 shares in its portfolio. Sphera Funds Management Ltd reported 0.22% stake. As of the end of the quarter Next Financial Group, Inc had acquired 19 shares growing its position 0.4%. Golden Gate Private Equity Inc. owns 122,100 shares or 0.73% of their U.S. portfolio. Janney Montgomery Scott Limited Liability owns 25,668 shares. Invesco reported 171,806 shares.

The stock increased 0.10% or $0.09 during the last trading session, reaching $90.41. Huntington Fincl Bank invested 0.01% of its portfolio in West Pharmaceutical Services Inc.

Investors sentiment increased to 2.21 in Q4 2016. Its up 0.35, from 1.26 in 2016Q3. 35 funds opened positions while 62 raised stakes.

Abingworth Llp holds 16.7% of its portfolio in Paratek Pharmaceuticals Inc for 1.30 million shares. Moreover, Shelton Capital has 0.04% invested in West Pharmaceutical Services Inc.

Many investment analysts have quite recently commented on the share. Independent Port Consultants accumulated 620 shares. Comerica Bank & Trust holds 86,960 shares or 0.03% of its portfolio. Tcw Grp Inc accumulated 52,161 shares or 0.01% of the stock. Da Davidson And reported 1,898 shares stake. Point72 Asset L P invested in 335,065 shares or 0.05% of the stock. Thompson Siegel & Walmsley Limited Liability Com owns 132 shares for 0% of their portfolio. The company provided EPS guidance of $3.24-3.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.27. Therefore 67% are positive. Xylem had 50 analyst reports since August 3, 2015 according to SRatingsIntel. TD Securities has "Buy" rating and $48 target. The company was maintained on Wednesday, July 5 by Maxim Group. The firm has "Equal-Weight" rating given on Wednesday, July 12 by Barclays Capital. The rating was maintained by FBR Capital with "Outperform" on Friday, February 26. The firm earned "Neutral" rating on Friday, February 10 by Credit Suisse. The rating was downgraded by Robert W. Baird on Wednesday, October 21 to "Neutral". The Company's product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise.

In the market the company is trading up from yesterday's close of 144.03.



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