Economy

Palo Alto Networks, Inc. (PANW) Receives "Buy" Rating from Dougherty & Co

During the same quarter a year ago, the business earned $0.35 earnings per share. FBN Securities reaffirmed a "sector perform" rating and set a $155.00 price objective (up previously from $135.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. It closed at $144.88 lastly. It is down 16.31% since September 12, 2016 and is downtrending. It has underperformed by 33.01% the S&P500.

Pillar Pacific Capital Management Llc increased Gilead Sciences Inc (GILD) stake by 4.81% reported in 2016Q4 SEC filing. Trading was heavy with 1,394K shares changing hands by the end of trading on Tuesday. About 1.55M shares traded or 4.03% up from the average. Maltese Capital Management Llc who had been investing in Prosperity Bancshares Inc for a number of months, seems to be bullish on the $4.14 billion market cap company.

It closed at $17.37 lastly. It has outperformed by 12.26% the S&P500.

Since March 20, 2017, it had 0 insider buys, and 6 selling transactions for $12.52 million activity. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. 7,053 shares were sold by BLOCK ARTHUR R, worth $264,281. $303,713 worth of stock was sold by BACON KENNETH J on Thursday, May 25.

More notable recent Palo Alto Networks Inc (NYSE:PANW) news were published by: Fool.com which released: "The case for Palo Alto" on August 18, 2017, also Marketwatch.com with their article: "Palo Alto Networks jumps as earnings beat, CFO announces retirement" published on August 31, 2017, Marketwatch.com published: "Palo Alto Networks and Twitter show the good and bad of fat stock-based pay ..." on August 15, 2017. Air Lease Corp Cl A (NYSE:AL) was raised too. During the same period in the prior year, the company earned $0.50 EPS. Next quarter's EPS is forecasted at $0.78 with next year's EPS projected to be $4.14. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have issued a buy rating to the company's stock. FedEx had 75 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has a consensus rating of "Buy" and a consensus target price of $157.91. The stock increased 3.71% or $2.13 during the last trading session, reaching $59.53. The stock has "Buy" rating by BTIG Research on Thursday, September 10. The rating was maintained by Needham with "Buy" on Thursday, September 10. The rating was downgraded by Robert W. Baird to "Neutral" on Wednesday, March 1. (NASDAQ:GILD) rating on Wednesday, February 3.

Want to see what other hedge funds are holding PANW? Halsey Associates Ct holds 1.48% or 53,069 shares. Plante Moran Fincl Advsrs Limited Liability Company invested 0.02% in FedEx Corporation (NYSE:FDX). Azimuth Cap Ltd Limited Liability Company holds 0.03% or 2,005 shares. Comerica Financial Bank, Michigan-based fund reported 16,899 shares. Cambridge Research Advisors Inc holds 21,228 shares. Cornerstone Advsr has 598 shares for 0.06% of their portfolio. Tci Wealth Advsrs Inc has 0.08% invested in Citigroup Inc (NYSE:C). Chase Inv Counsel invested in 3.41% or 36,842 shares. Barton Inv Mgmt invested in 35,913 shares. State Bank Of Montreal Can invested in 0.17% or 868,007 shares.

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.17, from 1.24 in 2016Q3. It dived, as 58 investors sold CMCSA shares while 518 reduced holdings. 123 funds opened positions while 431 raised stakes. Eagle Asset Management Inc. owned 0.17% of Palo Alto Networks worth $20,780,000 as of its most recent SEC filing. Partner Invest Mgmt Limited Partnership has 0.79% invested in Palo Alto Networks Inc (NYSE:PANW) for 4,747 shares. The New York-based 13D Management Llc has invested 6.75% in the stock. The stock decreased 0.68% or $0.58 during the last trading session, reaching $84.52.

Palo Alto Networks Inc (PANW)'s Williams Percent Range or 14 day Williams %R now sits at -17.65. Tocqueville Asset Management L.P. boosted its stake in shares of Palo Alto Networks by 7.4% in the second quarter. Glg Lc holds 0.04% or 5,079 shares in its portfolio. As of the end of the quarter Next Financial Group, Inc had acquired a total of 19 shares growing its holdings by 0.4%.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Thursday, August 31st. Palo Alto Networks, Inc. has a 1-year low of $114.64 and a 1-year high of $165.69. Wetherby Asset Mngmt has invested 0.3% in Palo Alto Networks Inc (NYSE:PANW). Therefore 55% are positive. Prosperity Bancshares had 40 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, November 24, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Jefferies with "Buy" on Friday, July 7. The company was maintained on Wednesday, September 16 by Wunderlich. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post $2.78 EPS for the current fiscal year. Evercore ISI set a $140.00 price target on Palo Alto Networks and gave the company a "hold" rating in a research note on Saturday, June 17th. (NASDAQ:GILD) on Wednesday, September 9 with "Hold" rating.



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