Palo Alto Networks, Inc. (PANW) Formed a Wedge Up Pattern, Could Be One of The Best Performers Soon

January 21, 2018 - By Richard Conner

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.22, from 0.94 in 2017Q2. It increased, 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.
105,008 are held by Parametric Portfolio Assocs. Balyasny Asset Lc reported 57,982 shares stake. Parkside Bancorporation & Tru holds 0% or 27 shares in its portfolio. Tiverton Asset Mngmt Ltd Liability Corporation invested in 28,117 shares. State Bank Hapoalim Bm has 1,897 shares for 0.06% of their portfolio. Dimensional Fund Ltd Partnership invested 0.01% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Ci Investments owns 0.2% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 152,512 shares. Raymond James Assocs reported 0.04% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). 1,409 were reported by Finemark Bankshares. Australia-based Macquarie Gp Ltd has invested 0.01% in Palo Alto Networks, Inc. (NYSE:PANW). Ipg Inv Advisors Limited stated it has 0.1% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Shine Advisory Services invested in 0.03% or 427 shares. American Money Management Ltd Liability Com stated it has 3,440 shares. Alpha Cubed Ltd Company owns 29,096 shares. Forbes J M And Llp invested in 0.96% or 26,735 shares.

Since September 8, 2017, it had 0 insider purchases, and 11 insider sales for $52.49 million activity. $302,024 worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by MERESMAN STANLEY J. $5.24 million worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by MCLAUGHLIN MARK D on Tuesday, October 10. Another trade for 1,572 shares valued at $227,920 was sold by Eschenbach Carl M.. Anderson Mark sold $6.36 million worth of stock or 44,429 shares. The insider BONVANIE RENE sold 27,248 shares worth $4.09 million.

The stock of Palo Alto Networks, Inc. (PANW) formed an up wedge with $166.65 target or 6.00 % above today’s $157.22 share price. The 5 months wedge indicates low risk for the $14.45 billion company. If the $166.65 price target is reached, the company will be worth $866.82M 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 decreased 0.38% or $0.6 during the last trading session, reaching $157.22. About 1.04M shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since January 21, 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 EPS, up 63.79 % or $0.37 from last year’s $-0.58 per share. After $-0.16 actual EPS 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 has $235 highest and $119 lowest target. $171.39’s average target is 9.01% above currents $157.22 stock price. Palo Alto Networks had 180 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Robert W. Baird on Wednesday, March 1 to “Neutral”. The firm has “Hold” rating given on Thursday, June 15 by Evercore. On Tuesday, September 5 the stock rating was upgraded by Argus Research to “Buy”. The rating was initiated by BMO Capital Markets with “Market Perform” on Thursday, January 5. The firm has “Buy” rating by Goldman Sachs given on Friday, May 27. The company was maintained on Tuesday, November 21 by KeyBanc Capital Markets. The firm has “Outperform” rating given on Tuesday, November 21 by FBN Securities. The firm has “Buy” rating given on Tuesday, February 16 by DA Davidson. RBC Capital Markets maintained the stock with “Buy” rating in Friday, August 4 report. The rating was maintained by BMO Capital Markets on Tuesday, November 21 with “Hold”.

More important recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Benzinga.com which released: “Palo Alto Networks Has ‘Compelling’ Risk-Reward, Says Evercore ISI” on January 18, 2018, also Gurufocus.com published article titled: “Palo Alto Networks Inc (PANW) CEO Mark D Mclaughlin Sold $5.2 million of Shares”, Fool.com published: “Why Palo Alto Networks, Inc. Could Be a Gold Mine for Growth Investors” on January 08, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) was released by: Gurufocus.com and their article: “Frontier Capital Management Co Llc Buys Qiagen NV, Palo Alto Networks Inc …” with publication date: January 18, 2018.

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