Shares of Palo Alto Networks rose to $315.17 during today's afternoon trading session. Despite the 3.1% change, the large-cap Computer Equipment company still trades 10.43% above its average analyst target price of $285.39. So there may be further downside for the Computer Equipment stock. Palo Alto Networks has target prices ranging from $190.0 to $343.0 per share, and its average rating is buy.
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 | $8,355,702,930 |
| 2023-09-30 | Blackrock Inc. | 24% | 23,537,377 | $7,418,275,425 |
| 2023-09-30 | State Street Corporation | 12% | 11,826,872 | $3,727,475,407 |
| 2023-09-30 | Morgan Stanley | 11% | 10,814,578 | $3,408,430,693 |
| 2023-09-30 | Bank of America Corporation | 9% | 8,760,105 | $2,760,922,410 |
| 2023-09-30 | Geode Capital Management, LLC | 6% | 5,886,308 | $1,855,187,771 |
| 2023-09-30 | Capital Research Global Investors | 6% | 5,845,141 | $1,842,213,167 |
| 2023-09-30 | Royal Bank of Canada | 6% | 5,830,146 | $1,837,487,193 |
| 2022-12-31 | Norges Bank Investment Management | 6% | 5,383,947 | $1,696,858,648 |
| 2023-09-30 | Nuveen Asset Management, LLC | 5% | 5,129,523 | $1,616,671,832 |
