Decoding Palo Alto Networks's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bearish stance on Palo Alto Networks.

Looking at options history for Palo Alto Networks PANW we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $221,275 and 8, calls, for a total amount of $431,890.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $450.0 for Palo Alto Networks over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Palo Alto Networks stands at 704.92, with a total volume reaching 617.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Palo Alto Networks, situated within the strike price corridor from $300.0 to $450.0, throughout the last 30 days.

Palo Alto Networks 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Palo Alto Networks

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.

Following our analysis of the options activities associated with Palo Alto Networks, we pivot to a closer look at the company's own performance.

Where Is Palo Alto Networks Standing Right Now?

• With a trading volume of 298,438, the price of PANW is down by -0.33%, reaching $363.29.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 12 days from now.

Expert Opinions on Palo Alto Networks

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $358.0.

• An analyst from Citigroup persists with their Buy rating on Palo Alto Networks, maintaining a target price of $335.
• An analyst from Keybanc persists with their Overweight rating on Palo Alto Networks, maintaining a target price of $390.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $280.
• An analyst from JMP Securities has decided to maintain their Market Outperform rating on Palo Alto Networks, which currently sits at a price target of $380.
• Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Palo Alto Networks, targeting a price of $405.

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