Currently, there are 655.40M common shares owned by the public and among those 648.85M shares have been available to trade.
The company’s stock has a 5-day price change of 5.14% and 5.84% over the past three months. PANW shares are trading 6.03% year to date (YTD), with the 12-month market performance up to 13.43% higher. It has a 12-month low price of $130.04 and touched a high of $207.24 over the same period. PANW has an average intraday trading volume of 5.35 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 6.81%, 1.82%, and 12.65% respectively.
Institutional ownership of Palo Alto Networks Inc (NASDAQ: PANW) shares accounts for 78.10% of the company’s 655.40M shares outstanding.
It has a market capitalization of $126.61B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 50.29, while the earnings-per-share (ttm) stands at $3.84. The company has a PEG of 3.57 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 3.59% over the week and 2.82% over the month.
Earnings per share for the fiscal year are expected to increase by 12.67%, and 13.68% over the next financial year.
Guggenheim was of a view on January 06, 2025 that the stock is Sell, while HSBC Securities gave the stock Reduce rating on November 22, 2024, issuing a price target of $304- $291. Rosenblatt on their part issued Buy rating on November 21, 2024.
