Palo Alto Networks (NYSE:PANW) has tumbled 2.26% during the past week and has dropped 9.49% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.08%. Palo Alto Networks (NYSE:PANW) has underperformed the index by 10.32% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Palo Alto Networks (NYSE:PANW): The stock opened at $129.94 on Friday but the bulls could not build on the opening and the stock topped out at $130.39 for the day. The stock traded down to $126.91 during the day, due to lack of any buying support eventually closed down at $128.30 with a loss of -1.28% for the day. The stock had closed at $129.96 on the previous day. The total traded volume was 1,959,067 shares.
The company shares have dropped -30.29% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $200.55 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $137.86 and the 200 Day Moving Average price is recorded at $151.08.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Eschenbach Carl M., director of Palo Alto Networks Inc, had unloaded 1,334 shares at an average price of $135.98 in a transaction dated on June 9, 2016. The total value of the transaction was worth $181,397.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan maintains its rating on Palo Alto Networks (NYSE:PANW).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, JP Morgan lowers the new price target from $216 per share to $196 per share. The rating by the firm was issued on May 27, 2016. Currently the company Insiders own 4.8% of Palo Alto Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.81% . Institutional Investors own 85.13% of Palo Alto Networks shares. During last six month period, the net percent change held by insiders has seen a change of -10.16%.
Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).