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Palo Alto Networks Inc (PANW) down -6.25% since start of the year

Palo Alto Networks Inc (NASDAQ: PANW) is -6.25% lower on its value in year-to-date trading and has touched a low of $130.04 and a high of $207.24 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 $167.82 in the last trading session, with the day’s gains setting it 2.76%.

Currently trading at $170.58, the stock is -7.48% and -10.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.91 million and changing 1.64% at the moment leaves the stock 0.84% off its SMA200. PANW registered 5.46% gain for a year compared to 6-month gain of 0.07%. The firm has a 50-day simple moving average (SMA 50) of $190.6443 and a 200-day simple moving average (SMA200) of $169.0086.

The stock witnessed a -14.37% loss in the last 1 month and extending the period to 3 months gives it a -8.59%, and is -4.97% 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 2.78% over the week and 2.98% over the month.

Palo Alto Networks Inc (PANW) has around 15289 employees, a market worth around $111.93B and $8.29B in sales. Current P/E ratio is 44.46 and Fwd P/E is 47.68. Profit margin for the company is 32.99%. Distance from 52-week low is 31.17% and -17.69% from its 52-week high. The company has generated returns on investments over the last 12 months (43.46%).

with sales reaching $2.24B over the same period.The EPS is expected to grow by 10.89% this year, but quarterly earnings will post 14.02% year-over-year. Quarterly sales are estimated to grow 13.39% in year-over-year returns.

Palo Alto Networks Inc (PANW) Top Institutional Holders

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 655.40M, and float is at 646.46M with Short Float at 3.91%. 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

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 120,000 shares of the company’s common stock on Jan 06 ’25 at a price of $179.70 per share for a total of $21.56 million. Following the sale, the insider now owns 0.37 million shares.

Palo Alto Networks Inc disclosed in a document filed with the SEC on Jan 02 ’25 that Arora Nikesh (Chief Executive Officer) sold a total of 376,670 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $181.04 per share for $68.19 million. Following the transaction, the insider now directly holds 1.09 million shares of the PANW stock.

Still, SEC filings show that on Jan 03 ’25, Arora Nikesh (Chief Executive Officer) disposed off 235,492 shares at an average price of $183.32 for $43.17 million. The insider now directly holds 1,086,404 shares of Palo Alto Networks Inc (PANW).

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