Palo Alto Networks Inc Is a Sell; Strong Momentum from Option Traders

In today’s session Palo Alto Networks Inc (PANW) recorded an unusually high (274) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the September, 2016 put, expecting serious PANW decrease. With 274 contracts traded and 1134 open interest for the Sep, 16 contract, it seems this is a quite bearish bet. The option with symbol: PANW160916P00125000 closed last at: $8.1 or 11% up. The stock decreased 1.32% or $1.98 on April 8, hitting $147.62. Palo Alto Networks Inc (NYSE:PANW) has declined 9.62% since September 2, 2015 and is downtrending. It has underperformed by 14.69% the S&P500.

Out of 38 analysts covering Palo Alto Networks (NYSE:PANW), 38 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 93% are positive. $225 is the highest target while $164 is the lowest. The $195.37 average target is 29.14% above today’s ($147.62) stock price. Palo Alto Networks was the topic in 53 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the stock on April 5 with “Buy” rating. FBR Capital maintained the shares of PANW in a report on February 26 with “Outperform” rating.

The institutional sentiment increased to 1.39 in Q3 2015. Its up 0.15, from 1.24 in 2015Q2. The ratio is positive, as 50 funds sold all Palo Alto Networks Inc shares owned while 153 reduced positions. 83 funds bought stakes while 199 increased positions. They now own 59.77 million shares or 10.21% less from 66.56 million shares in 2015Q2.

Sc Xi Management Llc holds 69.96% of its portfolio in Palo Alto Networks Inc for 2.02 million shares. Hamilton Lane Advisors Llc owns 105,924 shares or 8.98% of their US portfolio. Moreover, Afton Capital Management Llc has 5.85% invested in the company for 11,500 shares. The California-based Scge Management L.P. has invested 5.57% in the stock. Westend Capital Management Llc, a California-based fund reported 23,467 shares.

Since March 10, 2015, the stock had 0 insider buys, and 3 selling transactions for $110,708 net activity. Bonvanie Rene sold 224 shares worth $36,202. Tomlinson Steffan sold 237 shares worth $38,304. Zuk Nir sold 224 shares worth $36,202. Mclaughlin Mark D sold 35,000 shares worth $5.88M. The insider Warmenhoven Daniel J sold 5,000 shares worth $872,116.

Palo Alto Networks, Inc. is a security company. The company has a market cap of $12.89 billion. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. It currently has negative earnings. The Company’s Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network cyber threats integrated within the firewall through its hardware and software architecture.

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