Palo Alto Networks, Inc. (PANW) Is At $152.97 Formed Wedge; MFS Intermediate High Income Fund (CIF)’s Sentiment Is 1

Palo Alto Networks, Inc. (PANW) formed wedge up with $159.09 target or 4.00% above today’s $152.97 share price. Palo Alto Networks, Inc. (PANW) has $14.06B valuation. The stock increased 2.49% or $3.71 during the last trading session, reaching $152.97. About 1.41 million shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since January 7, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

The stock decreased 0.67% or $0.02 during the last trading session, reaching $2.96. About 81,575 shares traded. MFS Intermediate High Income Fu (CIF) has risen 13.61% since January 7, 2017 and is uptrending. It has underperformed by 3.09% the S&P500.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 27. They expect $-0.21 earnings per share, up 63.79% or $0.37 from last year’s $-0.58 per share. After $-0.16 actual earnings per share reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts 31.25% negative EPS growth.

Investors sentiment increased to 1.16 in 2017 Q3. 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. Fjarde Ap holds 25,764 shares or 0.07% of its portfolio. Barrett Asset Mngmt Limited holds 0% or 130 shares in its portfolio. Dekabank Deutsche Girozentrale owns 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 12,212 shares. Palo Incorporated holds 0.27% or 3,492 shares in its portfolio. Parkside Bancshares And Trust, Missouri-based fund reported 27 shares. The New Jersey-based Nine Chapters Capital Mngmt Ltd Co has invested 0.83% in Palo Alto Networks, Inc. (NYSE:PANW). Hm Payson & Company reported 0.03% in Palo Alto Networks, Inc. (NYSE:PANW). Cornerstone Advsr Incorporated reported 0.06% stake. The Maryland-based Sandy Spring Bank has invested 0% in Palo Alto Networks, Inc. (NYSE:PANW). Fukoku Mutual Life Ins holds 0.02% or 750 shares. Utah Retirement Sys accumulated 16,300 shares or 0.05% of the stock. Castleark Mgmt Limited Liability Corporation reported 0.36% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). B T Cap Mgmt Dba Alpha Cap Mgmt reported 9,434 shares stake. Citigroup has invested 0.04% in Palo Alto Networks, Inc. (NYSE:PANW). Aqr Capital Mgmt Llc stated it has 21,676 shares or 0% of all its holdings.

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 41 have Buy rating, 2 Sell and 9 Hold. Therefore 79% are positive. Palo Alto Networks has $235 highest and $119 lowest target. $170.48’s average target is 11.45% above currents $152.97 stock price. Palo Alto Networks had 179 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Outperform” on Friday, May 27. The firm has “Overweight” rating by Barclays Capital given on Friday, September 1. The rating was maintained by RBC Capital Markets on Wednesday, August 31 with “Outperform”. The company was maintained on Tuesday, November 22 by RBC Capital Markets. The firm has “Hold” rating by Needham given on Friday, May 27. The rating was maintained by OTR Global on Thursday, May 11 with “Positive”. Wunderlich maintained Palo Alto Networks, Inc. (NYSE:PANW) on Friday, May 27 with “Buy” rating. The firm has “Buy” rating given on Friday, August 25 by Piper Jaffray. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, November 22. FBN Securities maintained Palo Alto Networks, Inc. (NYSE:PANW) on Monday, December 19 with “Outperform” rating.