Deutsche Bank Reaffirms a “Buy” Rating on Palo Alto Networks (PANW) and $240 Target; Cinemark Holdings (CNK) Has 0.96 Sentiment

May 24, 2018 - By Linda Rogers

Palo Alto Networks, Inc. (NYSE:PANW) Logo

Cinemark Holdings Inc (CNK) investors sentiment increased to 0.96 in Q4 2017. It’s up 0.04, from 0.92 in 2017Q3. The ratio has increased, as 115 institutional investors opened new and increased stock positions, while 120 sold and reduced their stakes in Cinemark Holdings Inc. The institutional investors in our database now own: 107.99 million shares, down from 109.53 million shares in 2017Q3. Also, the number of institutional investors holding Cinemark Holdings Inc in top ten stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 27 Reduced: 93 Increased: 73 New Position: 42.

Equities researchers at Deutsche Bank have $240 target price per share on Palo Alto Networks (NYSE:PANW). Deutsche Bank’s target price per share would indicate a potential upside of 15.93% from the company’s stock close price. The rating was revealed in an analyst report on Thursday, 24 May.

Rivulet Capital Llc holds 10.89% of its portfolio in Cinemark Holdings, Inc. for 2.86 million shares. Bernzott Capital Advisors owns 733,741 shares or 3.38% of their US portfolio. Moreover, Front Barnett Associates Llc has 2.16% invested in the company for 374,856 shares. The Ohio-based Horan Capital Advisors Llc. has invested 1.88% in the stock. Sentry Investments Corp., a Ontario – Canada-based fund reported 3.50 million shares.

The stock decreased 0.09% or $0.03 during the last trading session, reaching $34.6. About 856,907 shares traded. Cinemark Holdings, Inc. (CNK) has declined 11.39% since May 24, 2017 and is downtrending. It has underperformed by 22.94% the S&P500.

Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. The company has market cap of $4.04 billion. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. It has a 15.31 P/E ratio. As of August 10, 2017, the firm operated 529 theatres and 5,926 screens.

Analysts await Cinemark Holdings, Inc. (NYSE:CNK) to report earnings on August, 3. They expect $0.74 EPS, up 68.18% or $0.30 from last year’s $0.44 per share. CNK’s profit will be $86.43M for 11.69 P/E if the $0.74 EPS becomes a reality. After $0.53 actual EPS reported by Cinemark Holdings, Inc. for the previous quarter, Wall Street now forecasts 39.62% EPS growth.

Ratings analysis reveals 83% of Cinemark’s analysts are positive. Out of 6 Wall Street analysts rating Cinemark, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $43.0 while the high is $47.0. The stock’s average target of $44.60 is 28.90% above today’s ($34.6) share price. CNK was included in 6 notes of analysts from August 24, 2016. The rating was maintained by Wunderlich on Tuesday, October 4 with “Buy”. The company was initiated on Wednesday, August 24 by Loop Capital. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 14. On Friday, February 24 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Cinemark Holdings, Inc. (NYSE:CNK) earned “Buy” rating by Goldman Sachs on Monday, October 31. The firm earned “Neutral” rating on Thursday, February 16 by Wedbush.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $11.18 million activity.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on June, 4 after the close. They expect $-0.13 EPS, up 74.51% or $0.38 from last year’s $-0.51 per share. After $-0.40 actual EPS reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts -67.50% EPS growth.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.06, from 1.16 in 2017Q3. It is positive, as 36 investors sold Palo Alto Networks, Inc. shares while 160 reduced holdings. 87 funds opened positions while 152 raised stakes. 70.89 million shares or 1.01% more from 70.19 million shares in 2017Q3 were reported. Amundi Pioneer Asset Inc accumulated 61,495 shares. Moreover, Oak Assoc Ltd Oh has 0.06% invested in Palo Alto Networks, Inc. (NYSE:PANW). Argent Tru accumulated 1,589 shares or 0.06% of the stock. Utah Retirement invested 0.05% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). 859,717 were reported by Citadel Advsr Ltd Liability. 46,750 are owned by Peconic Limited Liability. Wellington Management Grp Limited Liability Partnership holds 0% or 1,711 shares. Peloton Wealth Strategists accumulated 15,225 shares or 1.64% of the stock. Weatherly Asset Mngmt L P owns 6,914 shares or 0.24% of their US portfolio. New Jersey Better Educational Savings Tru stated it has 1,600 shares or 0.24% of all its holdings. Jennison Assoc Limited Liability Company has invested 0.1% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Hbk Sorce Advisory Ltd Liability Com has 0.04% invested in Palo Alto Networks, Inc. (NYSE:PANW). Illinois-based Peak6 Invests Ltd Partnership has invested 0.02% in Palo Alto Networks, Inc. (NYSE:PANW). Tru Of Toledo Na Oh reported 4,949 shares stake. Mastrapasqua Asset has invested 0.38% in Palo Alto Networks, Inc. (NYSE:PANW).

Palo Alto Networks, Inc. provides security platform solutions worldwide. The company has market cap of $19.01 billion. The Company’s platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks. It currently has negative earnings. The firm provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Streetinsider.com which released: “Raising Palo Alto Networks (PANW) PT Ahead Of Earnings On Strong Checks – Deutsche Bank” on May 24, 2018, also Investorplace.com with their article: “President Trump, How Easy Is Hacking an iPhone?” published on May 23, 2018, Investorplace.com published: “3 Cybersecurity Stocks That Could Roar Higher” on May 10, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Globenewswire.com and their article: “Mist Announces New AI-Driven Wireless LAN for the Palo Alto Networks Application Framework” published on May 22, 2018 as well as Streetinsider.com‘s news article titled: “UPDATE: Palo Alto Networks (PANW) PT Raised to $225 at Stephens Following 3Q Checks” with publication date: May 14, 2018.

Among 53 analysts covering Palo Alto Networks (NYSE:PANW), 43 have Buy rating, 2 Sell and 8 Hold. Therefore 81% are positive. Palo Alto Networks has $235 highest and $119 lowest target. $183.60’s average target is -11.31% below currents $207.02 stock price. Palo Alto Networks had 207 analyst reports since July 22, 2015 according to SRatingsIntel. Maxim Group maintained the shares of PANW in report on Wednesday, August 31 with “Buy” rating. Wunderlich maintained the stock with “Buy” rating in Friday, May 27 report. The firm has “Buy” rating given on Friday, May 27 by Goldman Sachs. As per Wednesday, March 1, the company rating was downgraded by Morgan Stanley. JMP Securities maintained the shares of PANW in report on Thursday, March 1 with “Market Outperform” rating. UBS downgraded Palo Alto Networks, Inc. (NYSE:PANW) on Wednesday, March 1 to “Neutral” rating. The rating was maintained by UBS on Monday, April 11 with “Buy”. As per Tuesday, November 24, the company rating was maintained by Oppenheimer. As per Monday, August 28, the company rating was maintained by Oppenheimer. The company was upgraded on Friday, September 1 by First Analysis.

Palo Alto Networks, Inc. (NYSE:PANW) Institutional Positions Chart

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