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In the latest session, Palo Alto Networks Inc (NASDAQ: PANW) closed at $337.64 down -1.30% from its previous closing price of $342.09. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 2.92 million shares were traded. PANW stock price reached its highest trading level at $341.9499 during the session, while it also had its lowest trading level at $329.34.
Ratios:
For a deeper understanding of Palo Alto Networks Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.29. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, DA Davidson on June 21, 2024, initiated with a Buy rating and assigned the stock a target price of $380.
On May 29, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $350.
Rosenblatt Downgraded its Buy to Neutral on February 21, 2024, whereas the target price for the stock was revised from $290 to $265.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 01 ’24 when Arora Nikesh sold 66,668 shares for $336.54 per share. The transaction valued at 22,436,132 led to the insider holds 694,228 shares of the business.
ZUK NIR sold 36,000 shares of PANW for $12,209,676 on Jul 01 ’24. The EVP, Chief Technology Officer now owns 1,223,567 shares after completing the transaction at $339.16 per share. On Jul 01 ’24, another insider, Jenkins William D Jr, who serves as the President of the company, sold 1,475 shares for $339.12 each. As a result, the insider received 500,202 and left with 19,026 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PANW now has a Market Capitalization of 109327835136 and an Enterprise Value of 107969732608. As of this moment, Palo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.15, and their Forward P/E ratio for the next fiscal year is 54.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.03 while its Price-to-Book (P/B) ratio in mrq is 24.44. Its current Enterprise Value per Revenue stands at 13.858 whereas that against EBITDA is 100.297.
Stock Price History:
The Beta on a monthly basis for PANW is 1.14, which has changed by 0.34931862 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, PANW has reached a high of $380.84, while it has fallen to a 52-week low of $201.17. The 50-Day Moving Average of the stock is 8.89%, while the 200-Day Moving Average is calculated to be 15.66%.
Shares Statistics:
For the past three months, PANW has traded an average of 3.57M shares per day and 2823860 over the past ten days. A total of 323.80M shares are outstanding, with a floating share count of 319.87M. Insiders hold about 1.21% of the company’s shares, while institutions hold 78.66% stake in the company. Shares short for PANW as of 1718323200 were 11552616 with a Short Ratio of 3.23, compared to 1715731200 on 11746274. Therefore, it implies a Short% of Shares Outstanding of 11552616 and a Short% of Float of 3.61.
