In the latest trading session, 0.76 million Palo Alto Networks Inc (NASDAQ:PANW) shares changed hands as the company’s beta touched 1.14. With the company’s most recent per share price at $334.43 changed hands at -$13.15 or -3.78% at last look, the market valuation stands at $108.89B. PANW’s current price is a discount, trading about -13.88% off its 52-week high of $380.84. The share price had its 52-week low at $224.64, which suggests the last value was 32.83% up since then. When we look at Palo Alto Networks Inc’s average trading volume, we note the 10-day average is 2.36 million shares, with the 3-month average coming to 3.05 million.
Analysts gave the Palo Alto Networks Inc (PANW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.68. If we narrow down to specifics, the data shows that 0 out of 36 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 7 recommended PANW as a Hold, 28 felt it is a Buy and 0 rated the stock as Underweight. Palo Alto Networks Inc’s EPS for the current quarter is expected to be 1.48.
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Palo Alto Networks Inc (NASDAQ:PANW) trade information
Instantly PANW was in red as seen in intraday trades today. With action -3.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 13.41%, with the 5-day performance at -3.38% in the red. However, in the 30-day time frame, Palo Alto Networks Inc (NASDAQ:PANW) is 1.01% up. Looking at the short shares, we see there were 11.73 million shares sold at short interest cover period of 4.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 341, meaning bulls need an upside of 1.93% from its recent market value. According to analyst projections, PANW’s forecast low is 146.66666666666666 with 415 as the target high. To hit the forecast high, the stock’s price needs a -24.09% plunge from its current level, while the stock would need to tank 56.14% for it to hit the projected low.
Palo Alto Networks Inc (PANW) estimates and forecasts
Data shows that the Palo Alto Networks Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.46% over the past 6 months, a 10.23% in annual growth rate that is considerably lower than the industry average of 16.50%. Year-over-year growth is forecast to reach 13.70% up from the last financial year.
Consensus estimates given by 40 financial analysts project the company’s revenue in the current quarter to hit an average of 2.12B. 39 analysts are of the opinion that Palo Alto Networks Inc’s revenue for the current quarter will be 2.23B.
The 2024 estimates are for Palo Alto Networks Inc earnings to increase by 10.56%, but the outlook for the next 5-year period is at 15.20% per year.
PANW Dividends
Palo Alto Networks Inc is expected to release its next quarterly earnings report on 2024-Nov-13.
Palo Alto Networks Inc (NASDAQ:PANW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.00% of Palo Alto Networks Inc shares while 80.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.26%. There are 80.44% institutions holding the Palo Alto Networks Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.1363% of the shares, roughly 29.5 million PANW shares worth $10.0 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.7454% or 25.01 million shares worth $8.48 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 10.23 shares estimated at $3.42 billion under it, the former controlled 10.50% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 8.51% of the shares, roughly 8.29 shares worth around $2.77 billion.
