Palo Alto Networks Inc (NASDAQ: PANW) is 33.75% higher on its value in year-to-date trading and has touched a low of $234.15 and a high of $408.53 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 $402.36 in the last trading session, with the day’s loss setting it -7.97%.
Currently trading at $394.39, the stock is 4.99% and 9.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -1.98% at the moment leaves the stock 21.33% off its SMA200. PANW registered 51.01% gain for a year compared to 6-month gain of 24.50%. The firm has a 50-day simple moving average (SMA 50) of $357.8248 and a 200-day simple moving average (SMA200) of $324.7671.
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The stock witnessed a 5.67% loss in the last 1 month and extending the period to 3 months gives it a 18.04%, and is 1.91% up 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 2.12% over the week and 2.37% over the month.
Palo Alto Networks Inc (PANW) has around 15289 employees, a market worth around $129.06B and $8.03B in sales. Current P/E ratio is 54.48 and Fwd P/E is 54.68. Profit margin for the company is 32.11%. Distance from 52-week low is 68.43% and -3.46% from its 52-week high. The company has generated returns on investments over the last 12 months (46.44%).
The EPS is expected to grow by 10.72% this year
2766.0 institutions hold shares in Palo Alto Networks Inc (PANW), with institutional investors hold 81.55% of the company’s shares. The shares outstanding are 325.10M, and float is at 324.18M with Short Float at 3.17%. Institutions hold 80.85% 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
The most recent transaction is an insider sale by Klarich Lee, the company’s EVP, Chief Product Officer. SEC filings show that Klarich Lee sold 60,000 shares of the company’s common stock on Nov 04 ’24 at a price of $360.65 per share for a total of $21.64 million. Following the sale, the insider now owns 0.18 million shares.
Palo Alto Networks Inc disclosed in a document filed with the SEC on Nov 01 ’24 that Paul Josh D. (Chief Accounting Officer) sold a total of 200 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $359.03 per share for $71806.0. Following the transaction, the insider now directly holds 26220.0 shares of the PANW stock.
Still, SEC filings show that on Nov 04 ’24, Lee Klarich (Officer) Proposed Sale 60,000 shares at an average price of $361.12 for $21.67 million. The insider now directly holds shares of Palo Alto Networks Inc (PANW).
