Currently, there are 323.10M common shares owned by the public and among those 318.73M shares have been available to trade.
Insiders at the company have transacted a total of 170 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 153 occasions, with total insider shares sold totaling 1,958,379 shares.
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However, the script later moved the day high at 284.30, up 5.33%. The company’s stock has a 5-day price change of -23.11% and 6.84% over the past three months. PANW shares are trading -4.34% year to date (YTD), with the 12-month market performance up to 50.25% higher. It has a 12-month low price of $176.30 and touched a high of $380.84 over the same period. PANW has an average intraday trading volume of 4.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.58%, -13.05%, and 8.32% respectively.
Institutional ownership of Palo Alto Networks Inc (NASDAQ: PANW) shares accounts for 82.20% of the company’s 323.10M shares outstanding.
It has a market capitalization of $91.14B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 44.10, while the earnings-per-share (ttm) stands at $6.40. The company has a PEG of 2.47 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.07% over the week and 3.02% over the month.
Analysts forecast that Palo Alto Networks Inc (PANW) will achieve an EPS of $1.25 for the current quarter, $1.41 for the next quarter and $6.2 for 2025. The lowest estimate earnings-per-share for the quarter is $1.16 while analysts give the company a high EPS estimate of $1.34. Comparatively, EPS for the current quarter was $1.1 a year ago. Earnings per share for the fiscal year are expected to increase by 24.19%, and 11.72% over the next financial year.
Looking at the support for the PANW, a number of firms have released research notes about the stock. Rosenblatt stated their Neutral rating for the stock in a research note on February 21, 2024, with the firm’s price target at $290-$265. Piper Sandler coverage for the Palo Alto Networks Inc (PANW) stock in a research note released on February 21, 2024 offered a Neutral rating with a price target of $300. Northland Capital was of a view on February 21, 2024 that the stock is Market Perform, while Loop Capital gave the stock Hold rating on February 21, 2024, issuing a price target of $300. CapitalOne on their part issued Equal Weight rating on February 21, 2024.
