Financial giants have made a conspicuous bullish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 14 unusual trades.
Delving into the details, we found 71% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $63,273, and 12 were calls, valued at $709,969.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $330.0 for Palo Alto Networks over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palo Alto Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palo Alto Networks's substantial trades, within a strike price spectrum from $200.0 to $330.0 over the preceding 30 days.
Palo Alto Networks Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | CALL | SWEEP | BEARISH | 05/17/24 | $300.00 | $133.2K | 2.5K | 147 |
| PANW | CALL | SWEEP | BULLISH | 01/17/25 | $200.00 | $102.3K | 2.5K | 0 |
| PANW | CALL | SWEEP | BULLISH | 07/19/24 | $300.00 | $69.6K | 519 | 3 |
| PANW | CALL | TRADE | BULLISH | 03/21/25 | $270.00 | $59.0K | 23 | 10 |
| PANW | CALL | TRADE | BEARISH | 06/21/24 | $300.00 | $56.7K | 2.5K | 42 |
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.
Having examined the options trading patterns of Palo Alto Networks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Palo Alto Networks's Current Market Status
- With a trading volume of 682,377, the price of PANW is up by 1.17%, reaching $285.47.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 64 days from now.
Professional Analyst Ratings for Palo Alto Networks
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $322.0.
- An analyst from Loop Capital downgraded its action to Hold with a price target of $300.
- An analyst from Truist Securities persists with their Buy rating on Palo Alto Networks, maintaining a target price of $385.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Palo Alto Networks, targeting a price of $310.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Palo Alto Networks with a target price of $350.
- In a cautious move, an analyst from Rosenblatt downgraded its rating to Neutral, setting a price target of $265.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palo Alto Networks options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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