In recent trading session, Palo Alto Networks Inc (NASDAQ:PANW) saw 2.82 million shares changing hands at last check today with its beta currently measuring 1.09. Company’s recent per share price level of $250.80 trading at $8.5 or 3.51% at last check today assigns it a market valuation of $77.96B. That most recent trading price of PANW’s stock is at a discount of -6.02% from its 52-week high price of $265.90 and is indicating a premium of 47.28% from its 52-week low price of $132.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.1 million shares which gives us an average trading volume of 3.74 million if we extend that period to 3-months.
For Palo Alto Networks Inc (PANW), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.39. Splitting up the data highlights that, out of 46 analysts covering the stock, 0 rated the stock as a Sell while 4 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 35 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.3 in the current quarter.
Palo Alto Networks Inc (NASDAQ:PANW) trade information
Upright in the green today for gaining 3.51%, in the last five days PANW remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $250.80 price level, adding 5.27% to its value on the day. Palo Alto Networks Inc’s shares saw a change of 79.74% in year-to-date performance and have moved -1.07% in past 5-day. Palo Alto Networks Inc (NASDAQ:PANW) showed a performance of -0.92% in past 30-days. Number of shares sold short was 18.08 million shares which calculate 6.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $283.83 to the stock, which implies a rise of 11.64% to its recent value today. Analysts have been projecting $241.00 as a low price target for the stock while placing it at a high target of $340.00. It follows that stock’s current price would drop -35.57% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.91% for stock’s current value.
Palo Alto Networks Inc (PANW) estimates and forecasts
Statistics highlight that Palo Alto Networks Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 32.94% of value to its shares in past 6 months, showing an annual growth rate of 20.05% while that of industry is 18.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 23.80% in the current quarter and calculating 17.30% increase in the next quarter. This year revenue growth is estimated to rise 18.70% from the last financial year’s standing.
36 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.97 billion for the same. And 36 analysts are in estimates of company making revenue of $2.04 billion in the next quarter that will end on Apr 2024.
In 2023, company’s earnings growth rate is likely to be around 23.75% while estimates for its earnings growth in next 5 years are of 26.83%.
Palo Alto Networks Inc is more likely to be releasing its next quarterly report on November 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Palo Alto Networks Inc (NASDAQ:PANW)’s Major holders
Insiders are in possession of 1.22% of company’s total shares while institution are holding 88.45 percent of that, with stock having share float percentage of 89.54%. Investors also watch the number of corporate investors in a company very closely, which is 88.45% institutions for Palo Alto Networks Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at PANW for having 26.21 million shares of worth $6.7 billion. And as of Jun 29, 2023, it was holding 26.91% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 22.32 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 22.91% of outstanding shares, having a total worth of $5.7 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 9.54 million shares of worth $2.44 billion or 9.79% of the total outstanding shares. The later fund manager was in possession of 7.2 million shares on Jun 29, 2023, making its stake of worth around $1.84 billion in the company or a holder of 7.39% of company’s stock.