Palo Alto Networks Inc (NASDAQ: PANW) Loses -3.30% From High. Why That Could Change?

Currently, there are 315.30M common shares owned by the public and among those 310.94M shares have been available to trade.

Insiders at the company have transacted a total of 174 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 1,219,524 shares. Insider sales of the common stock occurred on 157 occasions, with total insider shares sold totaling 1,968,882 shares.

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However, the script later moved the day high at 374.38, down -1.00%. The company’s stock has a 5-day price change of 7.84% and 45.26% over the past three months. PANW shares are trading 24.88% year to date (YTD), with the 12-month market performance up to 122.85% higher. It has a 12-month low price of $164.41 and touched a high of $380.84 over the same period. PANW has an average intraday trading volume of 1.93 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.29%, 15.76%, and 44.45% respectively.

Institutional ownership of Palo Alto Networks Inc (NASDAQ: PANW) shares accounts for 87.08% of the company’s 315.30M shares outstanding.

It has a market capitalization of $116.11B and a beta (3y monthly) value of 1.25. The stock’s trailing 12-month PE ratio is 208.75, while the earnings-per-share (ttm) stands at $1.76. The company has a PEG of 9.28 and a Quick Ratio of 0.82 with the debt-to-equity ratio at 1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.72% over the week and 2.60% over the month.

Analysts forecast that Palo Alto Networks Inc (PANW) will achieve an EPS of $Pinnacle West Capital Corporati for the current quarter, $67.17 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Pangaea Logistics Solutions Ltd while analysts give the company a high EPS estimate of $S&W Seed Company. Comparatively, EPS for the current quarter was $AllianzIM U.S. Large Cap Buffer a year ago. Earnings per share for the fiscal year are expected to increase by 24.17%, and 17.57% over the next financial year.

Looking at the support for the PANW, a number of firms have released research notes about the stock. Bernstein stated their Outperform rating for the stock in a research note on January 18, 2024, with the firm’s price target at $402.

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