Shares of Cybersecurity company Palo Alto Networks (NASDAQ:PANW) fell nearly 23% in the last three trading days. This notable decline in PANW stock came after the company provided a lower-than-expected full-year sales outlook during its Q2 Fiscal 2024 earnings call on February 20. As PANW stock has lost significant value, it’s the right time to delve into its ownership structure.
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Now, according to TipRanks’ ownership page, other institutional investors own 39.39% of PANW. They are followed by public companies and individual investors, mutual funds, and insiders at 34.07%, 22.64%, and 3.9%, respectively.
Digging Deeper into PANW’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 7.60% stake in PANW stock. Next up is Vanguard Index Funds, which holds a 7.44% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Negative on Palo Alto Networks stock based on the activity of 25 hedge funds. Hedge funds decreased their PANW holdings by 555.3K shares in the last quarter.
In contrast to hedge funds, individual investors have a Very Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding the stock increased by 13.2%. Overall, among the 717,103 portfolios monitored by TipRanks, 1.4% have invested in PANW stock.
What are the Analysts’ Recommendations for PANW?
Despite the recent pullback, PANW stock is still up about 49.6% in one year. However, due to the lower-than-expected revenue forecast, Wall Street remains cautiously optimistic about its prospects.
Palo Alto stock has 28 Buy and 12 Hold recommendations for a Moderate Buy consensus rating. Analysts’ average price target of $338.77 implies 20.09% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides PANW’s ownership structure by category, enabling investors to make well-informed investing decisions.
