Palo Alto Networks Inc (NASDAQ: PANW) is 17.39% higher on its value in year-to-date trading and has touched a low of $224.64 and a high of $380.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PANW stock was last observed hovering at around $355.07 in the last trading session, with the day’s loss setting it -8.92%.
Currently trading at $346.15, the stock is 1.34% and 3.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing -2.51% at the moment leaves the stock 11.54% off its SMA200. PANW registered 42.61% gain for a year compared to 6-month gain of 18.90%.
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The stock witnessed a 17.67% loss in the last 1 month and extending the period to 3 months gives it a 19.33%, and is -1.15% 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 2.95% over the week and 3.09% over the month.
Palo Alto Networks Inc (PANW) has around 13948 employees, a market worth around $112.08B and $8.03B in sales. Current P/E ratio is 47.83 and Fwd P/E is 48.14. Profit margin for the company is 32.11%. Distance from 52-week low is 54.09% and -9.11% from its 52-week high. The company has generated returns on investments over the last 12 months (46.44%).
Palo Alto Networks Inc quarterly earnings per share for the current quarter are estimated at 1.48 with sales reaching $2.12B over the same period.The EPS is expected to grow by 10.61% this year, but quarterly earnings will post 13.70% year-over-year.
2699.0 institutions hold shares in Palo Alto Networks Inc (PANW), with institutional investors hold 81.75% of the company’s shares. The shares outstanding are 323.80M, and float is at 320.01M with Short Float at 3.67%. Institutions hold 80.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.5 million shares valued at $10.0 billion. The investor’s holdings represent 9.1363 of the PANW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.01 million shares valued at $8.48 billion to account for 7.7454 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 14.02 million shares representing 4.3417 and valued at over $4.75 billion, while STATE STREET CORP holds 4.1846 of the shares totaling 13.51 million with a market value of $4.58 billion.
Palo Alto Networks Inc (PANW) Insider Activity
Still, SEC filings show that on Sep 03 ’24, DIPAK GOLECHHA (Officer) Proposed Sale 2,500 shares at an average price of $359.07 for $0.9 million. The insider now directly holds shares of Palo Alto Networks Inc (PANW).
