Nike (NKE) Shareholder Daiwa Securities Group Increased Its Position by $955,332; Fort Point Capital Partners Stake in Palo Alto Networks (PANW) Has Trimmed by $502,128 as Share Price Declined

January 21, 2018 - By Henry Gaston

Fort Point Capital Partners Llc decreased its stake in Palo Alto Networks Inc (PANW) by 71.16% based on its latest 2017Q3 regulatory filing with the SEC. Fort Point Capital Partners Llc sold 3,487 shares as the company’s stock declined 24.72% while stock markets rallied. The institutional investor held 1,413 shares of the technology company at the end of 2017Q3, valued at $204,000, down from 4,900 at the end of the previous reported quarter. Fort Point Capital Partners Llc who had been investing in Palo Alto Networks Inc for a number of months, seems to be less bullish one the $14.45 billion market cap company. The stock decreased 0.38% or $0.6 during the last trading session, reaching $157.22. About 1.04 million 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.

Daiwa Securities Group Inc increased its stake in Nike Inc (NKE) by 10.77% based on its latest 2017Q3 regulatory filing with the SEC. Daiwa Securities Group Inc bought 18,732 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 192,579 shares of the consumer non-durables company at the end of 2017Q3, valued at $9.99M, up from 173,847 at the end of the previous reported quarter. Daiwa Securities Group Inc who had been investing in Nike Inc for a number of months, seems to be bullish on the $109.65 billion market cap company. The stock increased 4.84% or $3.1 during the last trading session, reaching $67.21. About 12.90M shares traded or 33.55% up from the average. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 21, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Since September 8, 2017, it had 0 insider buys, and 11 insider sales for $52.49 million activity. ZUK NIR also sold $4.15 million worth of Palo Alto Networks, Inc. (NYSE:PANW) shares. BONVANIE RENE had sold 27,248 shares worth $4.09M on Tuesday, October 10. 44,429 Palo Alto Networks, Inc. (NYSE:PANW) shares with value of $6.36 million were sold by Anderson Mark. $227,920 worth of Palo Alto Networks, Inc. (NYSE:PANW) shares were sold by Eschenbach Carl M.. Another trade for 35,000 shares valued at $5.24M was sold by MCLAUGHLIN MARK D.

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.

Fort Point Capital Partners Llc, which manages about $268.42 million and $208.77M US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 27,797 shares to 32,125 shares, valued at $1.77M in 2017Q3, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 1,832 shares in the quarter, for a total of 17,976 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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 had 180 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by UBS on Tuesday, November 24. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, August 31. The firm earned “Buy” rating on Wednesday, November 25 by Argus Research. The stock has “Buy” rating by Dougherty & Company on Friday, May 27. The firm has “Buy” rating by Maxim Group given on Tuesday, November 21. The company was maintained on Wednesday, November 22 by Imperial Capital. Piper Jaffray maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Tuesday, November 21. Piper Jaffray has “Buy” rating and $173.0 target. On Wednesday, August 10 the stock rating was downgraded by Cleveland to “Neutral”. The stock has “Buy” rating by DA Davidson on Tuesday, February 16. The firm has “Hold” rating by Wunderlich given on Thursday, September 10.

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.22, from 0.94 in 2017Q2. It increased, as 43 investors sold PANW 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. Glg stated it has 0.04% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Parametric Associates Limited Liability Company reported 105,008 shares or 0.02% of all its holdings. Stanley holds 1.87% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 48,536 shares. Aperio Grp Incorporated Limited Liability Corporation owns 19,095 shares. Hsbc Public Limited Company, United Kingdom-based fund reported 110,988 shares. Bangor Bancorporation holds 0.29% or 9,918 shares. D E Shaw And holds 0.12% or 525,965 shares. B T Dba Alpha owns 9,434 shares. State Of Wisconsin Invest Board holds 74,297 shares. Fdx Advisors holds 3,307 shares or 0.01% of its portfolio. Millennium Mngmt Ltd Llc accumulated 184,329 shares. Fjarde Ap stated it has 0.07% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). 2,558 are held by Choate Inv Advsrs. 756,015 are held by Tremblant Capital Grp. Point72 Asia (Hong Kong) Ltd stated it has 0.07% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW).

Daiwa Securities Group Inc, which manages about $14.60B US Long portfolio, decreased its stake in Manpowergroup (NYSE:MAN) by 8,900 shares to 4,850 shares, valued at $571,000 in 2017Q3, according to the filing. It also reduced its holding in Fiserv (NASDAQ:FISV) by 6,410 shares in the quarter, leaving it with 13,090 shares, and cut its stake in Duke Realty (NYSE:DRE).

Among 44 analysts covering Nike Inc. (NYSE:NKE), 24 have Buy rating, 2 Sell and 18 Hold. Therefore 55% are positive. Nike Inc. had 218 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley on Wednesday, June 1 to “Equal-Weight”. The rating was maintained by Deutsche Bank with “Buy” on Thursday, October 26. Robert W. Baird maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, November 16. Robert W. Baird has “Buy” rating and $65.0 target. The firm has “Buy” rating by Citigroup given on Thursday, March 23. The firm earned “Buy” rating on Friday, October 16 by B. Riley & Co. As per Tuesday, October 25, the company rating was initiated by Oppenheimer. Brean Capital maintained NIKE, Inc. (NYSE:NKE) on Wednesday, June 29 with “Buy” rating. Telsey Advisory Group maintained NIKE, Inc. (NYSE:NKE) on Wednesday, September 28 with “Outperform” rating. The firm has “Buy” rating given on Thursday, June 15 by Susquehanna. The stock has “Buy” rating by Citigroup on Tuesday, December 19.

Since September 14, 2017, it had 0 insider purchases, and 6 sales for $23.60 million activity. The insider PARKER MARK G sold $8.78 million. Slusher John F sold $7.94M worth of NIKE, Inc. (NYSE:NKE) on Tuesday, January 2. The insider RODGERS JOHNATHAN A sold 16,000 shares worth $855,206.

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