Palo Alto Networks (PANW)

• Market cap: $124B
• 1 day: -3.61%
• 5 days: -2.45%
• 1 month: 1.93%
• 3 months: 9.69%
• 6 months: 24.23%
• Year to date: 32.69%
• 1 year: 45.69%
• 5 years: 365.86%
• 10 years: 915.52%
• Sector: Information Technology
• Industry: Computer Peripheral Equipment

About: Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.

Employees: 14,789

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

31% more repeat investments, than reductions

Existing positions increased: 871 | Existing positions reduced: 664

26% more first-time investments, than exits

New positions opened: 184 | Existing positions closed: 146

2% more funds holding

Funds holding: 1,959 [Q2] → 1,997 (+38) [Q3]

4.36% less ownership

Funds ownership: 80.68% [Q2] → 76.32% (-4.36%) [Q3]

6% less capital invested

Capital invested by funds: $88.8B [Q2] → $83.8B (-$4.99B) [Q3]

27% less funds holding in top 10

Funds holding in top 10: 78 [Q2] → 57 (-21) [Q3]

47% less call options, than puts

Call options by funds: $4.24B | Put options by funds: $7.93B

Research analyst outlook

34 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $291 24% downside
• Avg. target: $422 10% upside
• High target: $455 19% upside

34 analyst ratings

• positive: 29 85%
• neutral: 4 12%
• negative: 1 3%

HSBC Stephen Bersey 69% 1-year accuracy 11 / 16 met price target	24% downside $291	Reduce Downgraded	22 Nov 2024
Truist Securities Anthony Hau 54% 1-year accuracy 15 / 28 met price target	11% upside $425	Buy Maintained	21 Nov 2024
TD Cowen Shaul Eyal 83% 1-year accuracy 15 / 18 met price target	10% upside $420	Buy Maintained	21 Nov 2024
BTIG Gray Powell 84% 1-year accuracy 16 / 19 met price target	8% upside $414	Buy Maintained	21 Nov 2024
Citigroup Fatima Boolani 76% 1-year accuracy 19 / 25 met price target	13% upside $432	Buy Maintained	21 Nov 2024