Currently, there are 655.40M common shares owned by the public and among those 648.84M shares have been available to trade.
The company’s stock has a 5-day price change of 3.26% and 22.06% over the past three months. PANW shares are trading 36.49% year to date (YTD), with the 12-month market performance up to 30.97% higher. It has a 12-month low price of $130.04 and touched a high of $205.11 over the same period. PANW has an average intraday trading volume of 4.92 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 2.01%, 5.16%, and 21.36% respectively.
Institutional ownership of Palo Alto Networks Inc (NASDAQ: PANW) shares accounts for 77.73% of the company’s 655.40M shares outstanding.
It has a market capitalization of $129.71B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 52.46, while the earnings-per-share (ttm) stands at $3.84. The company has a PEG of 2.19 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.93% over the week and 2.89% over the month.
Earnings per share for the fiscal year are expected to increase by 11.97%, and 14.29% over the next financial year.
Looking at the support for the PANW, a number of firms have released research notes about the stock. HSBC Securities stated their Reduce rating for the stock in a research note on November 22, 2024, with the firm’s price target at $304-$291. Rosenblatt coverage for the Palo Alto Networks Inc (PANW) stock in a research note released on November 21, 2024 offered a Buy rating with a price target of $430. Wells Fargo was of a view on November 21, 2024 that the stock is Overweight, while Susquehanna gave the stock Positive rating on November 21, 2024, issuing a price target of $420- $435. Robert W. Baird on their part issued Outperform rating on November 21, 2024.
