Palo Alto Networks Inc (NASDAQ: PANW) is -1.27% lower on its value in year-to-date trading and has touched a low of $176.30 and a high of $380.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PANW stock was last observed hovering at around $299.44 in the last trading session, with the day’s loss setting it -8.31%.
Currently trading at $291.13, the stock is -12.58% and -10.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.08 million and changing -2.78% at the moment leaves the stock 10.18% off its SMA200. PANW registered 51.95% gain for a year compared to 6-month gain of 19.94%. The firm has a 50-day simple moving average (SMA 50) of $12.34 and a 200-day simple moving average (SMA200) of $80.48.
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The stock witnessed a -15.63% loss in the last 1 month and extending the period to 3 months gives it a -1.70%, and is -7.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.96% over the week and 4.06% over the month.
Palo Alto Networks Inc (PANW) has around 13948 employees, a market worth around $94.06B and $7.53B in sales. Current P/E ratio is 45.51 and Fwd P/E is 47.59. Profit margin for the company is 30.24%. Distance from 52-week low is 65.13% and -23.56% from its 52-week high. The company has generated returns on investments over the last 12 months (48.23%).
Palo Alto Networks Inc quarterly earnings per share for the current quarter are estimated at $1.25 with sales reaching $1.97B over the same period.The EPS is expected to grow by 23.99% this year, but quarterly earnings will post 15.80% year-over-year.
Palo Alto Networks Inc (PANW) Top Institutional Holders
2,461 institutions hold shares in Palo Alto Networks Inc (PANW), with institutional investors hold 85.75% of the company’s shares. The shares outstanding are 323.10M, and float is at 318.74M with Short Float at 4.06%. Institutions hold 84.76% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 26.21 million shares valued at $6.7 billion. The investor’s holdings represent 26.91% of the PANW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 22.32 million shares valued at $5.7 billion to account for 22.91% of the shares outstanding. The other top investors are State Street Corporation which holds 11.94 million shares representing 12.25% and valued at over $3.05 billion, while Morgan Stanley holds 10.84% of the shares totaling 10.56 million with a market value of $2.7 billion.
Palo Alto Networks Inc (PANW) Insider Activity
A total of 43 insider transactions have happened at Palo Alto Networks Inc (PANW) in the last six months, with sales accounting for 36 and purchases happening 7 times. The most recent transaction is an insider sale by ZUK NIR,the company’sEVP, Chief Technology Officer. SEC filings show that ZUK NIR sold 36,000 shares of the company’s common stock on Mar 01 at a price of $301.71 per share for a total of $10.86 million. Following the sale, the insider now owns 1.37 million shares.
Palo Alto Networks Inc disclosed in a document filed with the SEC on Mar 01 that Golechha Dipak (EVP, Chief Financial Officer) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $311.53 per share for $0.78 million. Following the transaction, the insider now directly holds 68493.0 shares of the PANW stock.
Still, SEC filings show that on Feb 23, Jenkins William D Jr (President) disposed off 1,867 shares at an average price of $280.13 for $0.52 million. The insider now directly holds 25,812 shares of Palo Alto Networks Inc (PANW).
Palo Alto Networks Inc (PANW): Who are the competitors?
The company’s main competitors (and peers) include Check Point Software Technologies Ltd. (CHKP) that is trading 25.07% up over the past 12 months. HP Inc. (HPQ) that is 3.04% higher over the same period.
