Palo Alto Networks Inc (NASDAQ: PANW) is 35.72% higher on its value in year-to-date trading and has touched a low of $260.09 and a high of $410.23 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 $398.42 in the last trading session, with the day’s gains setting it 1.79%.
Currently trading at $400.21, the stock is 1.85% and 5.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 0.45% at the moment leaves the stock 21.20% off its SMA200. PANW registered 30.97% gain for a year compared to 6-month gain of 25.20%. The firm has a 50-day simple moving average (SMA 50) of $377.6706 and a 200-day simple moving average (SMA200) of $329.78366.
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The stock witnessed a 0.55% loss in the last 1 month and extending the period to 3 months gives it a 15.37%, and is -0.70% 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 2.73% over the week and 2.72% over the month.
Palo Alto Networks Inc (PANW) has around 15289 employees, a market worth around $131.31B and $8.29B in sales. Current P/E ratio is 52.16 and Fwd P/E is 55.16. Profit margin for the company is 32.99%. Distance from 52-week low is 53.87% and -2.44% from its 52-week high. The company has generated returns on investments over the last 12 months (43.46%).
The EPS is expected to grow by 11.97% this year
2776.0 institutions hold shares in Palo Alto Networks Inc (PANW), with institutional investors hold 81.47% of the company’s shares. The shares outstanding are 327.70M, and float is at 324.40M with Short Float at 3.42%. Institutions hold 80.77% 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
Palo Alto Networks Inc disclosed in a document filed with the SEC on Dec 04 ’24 that Eschenbach Carl M. (Director) sold a total of 9,000 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $405.38 per share for $3.65 million. Following the transaction, the insider now directly holds 9232.0 shares of the PANW stock.
Still, SEC filings show that on Dec 04 ’24, ESCHENBACH FAMILY TRUST (Director) Proposed Sale 9,000 shares at an average price of $405.38 for $3.65 million. The insider now directly holds shares of Palo Alto Networks Inc (PANW).
