Currently, there are 323.80M common shares owned by the public and among those 319.57M shares have been available to trade.
The company’s stock has a 5-day price change of 3.70% and 8.03% over the past three months. PANW shares are trading 16.44% year to date (YTD), with the 12-month market performance up to 65.42% higher. It has a 12-month low price of $201.17 and touched a high of $380.84 over the same period. PANW has an average intraday trading volume of 3.28 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 6.36%, 5.62%, and 12.78% respectively.
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Institutional ownership of Palo Alto Networks Inc (NASDAQ: PANW) shares accounts for 78.62% of the company’s 323.80M shares outstanding.
It has a market capitalization of $111.18B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 49.98, while the earnings-per-share (ttm) stands at $6.87. The company has a PEG of 2.96 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.20% over the week and 3.19% over the month.
Earnings per share for the fiscal year are expected to increase by 9.62%, and 15.39% over the next financial year.
Looking at the support for the PANW, a number of firms have released research notes about the stock. Redburn Atlantic stated their Neutral rating for the stock in a research note on July 18, 2024, with the firm’s price target at $350-$325. DA Davidson coverage for the Palo Alto Networks Inc (PANW) stock in a research note released on June 21, 2024 offered a Buy rating with a price target of $380. Daiwa Securities was of a view on May 29, 2024 that the stock is Outperform, while Rosenblatt gave the stock Neutral rating on February 21, 2024, issuing a price target of $290- $265. Piper Sandler on their part issued Neutral rating on February 21, 2024.
