Palo Alto Networks surged to $305.58 per share this evening, but it remains 7.07% above its mean target price of $285.39. There may still be room for more downwards movement — even after today's 1.9% drop. Analysts are giving the large-cap Computer Equipment stock on average rating of buy, with target prices ranging from $190.0 to $343.0 per share.
Palo Alto Networks has an average level of shares sold short, at 5.7% of its total share float. The stock's short ratio (also called days to cover) is 3.43. The company's insiders own 1.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 88.7% of Palo Alto Networks's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Palo Alto Networks
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 27% | 26,511,732 | $8,101,454,708 |
| 2023-09-30 | Blackrock Inc. | 24% | 23,537,377 | $7,192,551,347 |
| 2023-09-30 | State Street Corporation | 12% | 11,826,872 | $3,614,055,386 |
| 2023-09-30 | Morgan Stanley | 11% | 10,814,578 | $3,304,718,600 |
| 2023-09-30 | Bank of America Corporation | 9% | 8,760,105 | $2,676,912,768 |
| 2023-09-30 | Geode Capital Management, LLC | 6% | 5,886,308 | $1,798,737,919 |
| 2023-09-30 | Capital Research Global Investors | 6% | 5,845,141 | $1,786,158,108 |
| 2023-09-30 | Royal Bank of Canada | 6% | 5,830,146 | $1,781,575,936 |
| 2022-12-31 | Norges Bank Investment Management | 6% | 5,383,947 | $1,645,226,451 |
| 2023-09-30 | Nuveen Asset Management, LLC | 5% | 5,129,523 | $1,567,479,569 |
