This afternoon we watched Palo Alto Networks drop -1.5% to a price of $162.25 per share. The large-cap Software company is now trading -25.39% below its average target price of $217.47. Analysts have set target prices ranging from $180 to $268 per share for Palo Alto Networks, and have given the stock an average rating of buy.
Palo Alto Networks has an average level of shares sold short, at 7.1% of its total share float. The stock's short ratio (also called days to cover) is 4.57. The company's insiders own 1.5% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 87.2% of Palo Alto Networks's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Palo Alto Networks
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 19,223,780 | 2022-09-29 | 19.74% | $3,119,058,305.00 |
| Blackrock Inc. | 17,074,712 | 2022-09-29 | 17.53% | $2,770,372,022.00 |
| Morgan Stanley | 9,373,430 | 2022-09-29 | 9.62% | $1,520,839,017.00 |
| Bank of America Corporation | 6,829,316 | 2022-09-29 | 7.01% | $1,108,056,521.00 |
| ClearBridge Investments, LLC | 6,374,452 | 2022-09-29 | 6.54% | $1,034,254,837.00 |
| State Street Corporation | 6,352,452 | 2022-09-29 | 6.52% | $1,030,685,337.00 |
| Wellington Management Group, LLP | 5,820,515 | 2022-09-29 | 5.98% | $944,378,558.00 |
| Goldman Sachs Group Inc | 5,781,120 | 2022-09-29 | 5.94% | $937,986,720.00 |
| Ameriprise Financial, Inc. | 4,889,841 | 2022-09-29 | 5.02% | $793,376,702.00 |
| FMR, LLC | 4,837,821 | 2022-09-29 | 4.97% | $784,936,457.00 |
Top Mutual Funds Invested in Palo Alto Networks
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 8,800,641 | 2022-06-29 | 9.03% | $1,427,904,002.00 |
| Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF | 4,298,165 | 2022-10-30 | 4.41% | $697,377,271.00 |
| Vanguard Extended Market Index Fund | 3,973,545 | 2022-06-29 | 4.08% | $644,707,676.00 |
| Vanguard Growth Index Fund | 2,462,026 | 2022-09-29 | 2.53% | $399,463,718.00 |
| Legg Mason Clearbridge Large Cap Growth Fd | 2,373,834 | 2022-08-30 | 2.44% | $385,154,566.00 |
| College Retirement Equities Fund-Growth Account | 1,724,409 | 2022-09-29 | 1.77% | $279,785,360.00 |
| First Trust NASDAQ Cybersecurity ETF | 1,693,989 | 2022-10-30 | 1.74% | $274,849,715.00 |
| Fidelity Magellan Fund Inc | 1,681,400 | 2022-10-30 | 1.73% | $272,807,150.00 |
| Fidelity Extended Market Index Fund | 1,494,371 | 2022-10-30 | 1.53% | $242,461,694.00 |
| Vanguard Information Technology Index Fund | 1,448,445 | 2022-08-30 | 1.49% | $235,010,201.00 |
