Shares of Palo Alto Networks (NASDAQ:PANW) experienced a significant decline of nearly 23% over the last three trading days following a lower-than-expected full-year sales outlook during the Q2 Fiscal 2024 earnings call on February 20. As the stock lost considerable value, it’s crucial to analyze its ownership structure.
According to TipRanks’ ownership page, institutional investors own 39.39% of PANW, followed by public companies and individual investors, mutual funds, and insiders at 34.07%, 22.64%, and 3.9%, respectively.
Delving deeper into PANW’s ownership structure, Vanguard holds a 7.60% stake in the company, followed by Vanguard Index Funds with a 7.44% stake. However, the Hedge Fund Confidence Signal is Very Negative on Palo Alto Networks stock based on the activity of 25 hedge funds, which decreased their PANW holdings by 555.3K shares in the last quarter.
On the other hand, individual investors have a Very Positive view of the company, with the number of portfolios holding the stock increasing by 13.2% in the last 30 days. Overall, 1.4% of the 717,103 portfolios monitored by TipRanks have invested in PANW stock.
Despite the recent pullback, PANW stock is still up about 49.6% in one year. Wall Street remains cautiously optimistic about its prospects, with a Moderate Buy consensus rating and an average price target of $338.77, implying 20.09% upside potential from current levels.
TipRanks’ Ownership tool provides PANW’s ownership structure by category, enabling investors to make well-informed investing decisions.
