Currently, there are 323.10M common shares owned by the public and among those 318.94M shares have been available to trade.
However, the script later moved the day high at 287.43, up 3.93%. The company’s stock has a 5-day price change of 2.10% and -3.58% over the past three months. PANW shares are trading -5.34% year to date (YTD), with the 12-month market performance up to 45.43% 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 6.09 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 -0.55%, -9.77%, and 2.66% respectively.
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Institutional ownership of Palo Alto Networks Inc (NASDAQ: PANW) shares accounts for 82.24% of the company’s 323.10M shares outstanding.
It has a market capitalization of $90.19B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 43.64, while the earnings-per-share (ttm) stands at $6.40. The company has a PEG of 2.45 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 2.30% over the week and 2.42% over the month.
Earnings per share for the fiscal year are expected to increase by 24.20%, and 10.85% 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.
