Palo Alto Networks Inc. [NASDAQ: PANW] gained 0.63% on the last trading session, reaching $188.38 price per share at the time. The company report on March 7, 2023 that Palo Alto Networks Global State of Cloud-Native Security Survey Reveals 90% of Organizations Cannot Detect, Contain and Resolve Cyberthreats Within an Hour.
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Third annual report identifies top security gaps and challenges for organizations operating in the cloud.
Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today published its 2023 State of Cloud-Native Security Report. The report surveyed more than 2,500 C-level executives around the world to better understand their cloud adoption strategies, and how those strategies are working.
Palo Alto Networks Inc. represents 302.30 million in outstanding shares, while the company has a total market value of $56.49 billion with the latest information. PANW stock price has been found in the range of $186.16 to $189.15.
If compared to the average trading volume of 4.54M shares, PANW reached a trading volume of 5001399 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Palo Alto Networks Inc. [PANW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PANW shares is $221.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PANW stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Palo Alto Networks Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2023. While these analysts kept the previous recommendation, Wedbush raised their target price from $200 to $210. The new note on the price target was released on February 22, 2023, representing the official price target for Palo Alto Networks Inc. stock. Previously, the target price had yet another raise from $155 to $200, while UBS kept a Neutral rating on PANW stock. On February 22, 2023, analysts increased their price target for PANW shares from 215 to 225.
The Average True Range (ATR) for Palo Alto Networks Inc. is set at 5.07, with the Price to Sales ratio for PANW stock in the period of the last 12 months amounting to 9.18. The Price to Book ratio for the last quarter was 78.17, with the Price to Cash per share for the same quarter was set at 11.16. Price to Free Cash Flow for PANW in the course of the last twelve months was 21.01 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for PANW stock
Palo Alto Networks Inc. [PANW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.77. With this latest performance, PANW shares gained by 20.58% in over the last four-week period, additionally plugging by 6.52% over the last 6 months – not to mention a rise of 5.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PANW stock in for the last two-week period is set at 66.59, with the RSI for the last a single of trading hit 65.22, and the three-weeks RSI is set at 65.62 for Palo Alto Networks Inc. [PANW]. The present Moving Average for the last 50 days of trading for this stock 159.46, while it was recorded at 188.99 for the last single week of trading, and 165.65 for the last 200 days.
Palo Alto Networks Inc. [PANW]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Palo Alto Networks Inc. [PANW] shares currently have an operating margin of -3.43 and a Gross Margin at +68.76. Palo Alto Networks Inc.’s Net Margin is presently recorded at -4.85.
Return on Equity for this stock declined to -63.23, with Return on Assets sitting at -2.37.
Palo Alto Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Palo Alto Networks Inc. [PANW]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PANW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Palo Alto Networks Inc. go to 30.56%.
An analysis of insider ownership at Palo Alto Networks Inc. [PANW]
There are presently around $47,819 million, or 87.30% of PANW stock, in the hands of institutional investors. The top three institutional holders of PANW stocks are: VANGUARD GROUP INC with ownership of 19,851,052, which is approximately 3.263% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 17,034,848 shares of the stock with an approximate value of $3.21 billion in PANW stocks shares; and MORGAN STANLEY, currently with $1.87 billion in PANW stock with ownership of nearly 5.844% of the company’s market capitalization.
Positions in Palo Alto Networks Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 723 institutional holders increased their position in Palo Alto Networks Inc. [NASDAQ:PANW] by around 32,223,563 shares. Additionally, 649 investors decreased positions by around 29,000,919 shares, while 169 investors held positions by with 192,621,385 shares. The mentioned changes placed institutional holdings at 253,845,867 shares, according to the latest SEC report filing. PANW stock had 187 new institutional investments in for a total of 5,133,763 shares, while 151 institutional investors sold positions of 6,241,677 shares during the same period.