PANW Palo Alto Networks, Inc. Common Stock
XNAS
380.55
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PANW
$380.55
—
Key stats
$380.55
- 52-Week Range
- $139.57 – $432.32
- YTD
- +112.16%
- IV Rank (30D)
- 75.71
- Straddle Price
- $52.73
- P/C Vol Ratio
- 0.35
- Market Cap
- $311.3B
- Open
- $354.30
- Day Range
- $351.24 – $381.49
- Volume
- 6,589,874
- Prev Close
- $354.92
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.12% |
| Beta vs SPY | 1.16 |
| Cost of Equity (CAPM) | 11.48% (VRP-adj) |
| WACC | 11.37% |
| Volatility Risk Premium | +23.6pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 28.9% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $4.1B |
| Return on Equity (TTM) | 1.1% |
| Book / Price | 10.9% |
| Debt / Equity | 0.06 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $370.66 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $383.96 |
| Bollinger Width / SMA20 | 6.8% (drives anchor stability) |
| Net Debt | $-0.7B |
| Market Cap | $252B |
Peers used for multiples: AAPL, AVGO, CRWD, FTNT, GOOGL, META, MSFT, NVDA
60-Day Conviction
90%
20-Day Fair Value
≈ by Nov 23, 2026
$390.70
α +2.7%
rank 71%
conviction
97%
40-Day Fair Value
≈ by Dec 22, 2026
$393.61
α +3.4%
rank 60%
conviction
90%
60-Day Fair Value
≈ by Jan 20, 2027
$395.17
α +3.8%
rank 61%
conviction
90%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $300.14 | 23% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 34.3× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 28.4× · 8 peers |
| Peer P/B | $767.57 | 9% | median 19.8× · 8 peers |
| Peer P/S | n/a | 0% | median 14.4× · 8 peers |
| Market Anchor (SMA50) | $370.66 | 46% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $353.45 | 23% | 78 strikes · skew +0.17 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- COMPUTER PERIPHERAL EQUIPMENT, NEC (3577) · industry map
- Exchange
- XNAS
- Market Cap
- $311.3B
- Employees
- 21,921
- List Date
- 2012-07-20
- CIK
- 0001327567
- Next Earnings
- 2026-11-18 (After-Close)
- EPS Forecast
- $0.52 (14 est.)
- Headquarters
- Santa Clara, CA
- Homepage
- https://www.paloaltonetworks.com
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 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.26% | -4.93% | 14.58% | 17.16% | 2.04% | -1.34% | 4.54% |
| Feb | -0.84% | 15.87% | 17.94% | -8.65% | 4.18% | -15.11% | 2.23% |
| Mar | -12.34% | 7.93% | 6.85% | -6.04% | -7.10% | 6.77% | -0.66% |
| Apr | 7.72% | -8.15% | -7.06% | 4.10% | 9.12% | 11.61% | 2.89% |
| May | 4.06% | -12.09% | 16.42% | 2.63% | 3.30% | 55.56% | 11.65% |
| Jun | 2.97% | -1.55% | 17.86% | 15.12% | 5.02% | 13.49% | 8.82% |
| Jul | 7.65% | -1.80% | -1.84% | -4.74% | -12.14% | -5.86% | -3.12% |
| Aug | 15.17% | 9.68% | -3.90% | 14.92% | 10.20% | 10.08% | 9.36% |
| Sep | 4.06% | -9.87% | -3.41% | -3.74% | 6.88% | 9.73% | 0.61% |
| Oct | 4.64% | 1.12% | 2.64% | 9.43% | 6.50% | -3.96%* | 3.40% |
| Nov | 7.60% | -0.51% | 20.51% | 6.94% | -13.27% | -- | 4.25% |
| Dec | 5.41% | -21.78% | -0.43% | -6.73% | -1.88% | -- | -5.08% |
| Total | 53.22% | -27.80% | 106.63% | 42.26% | 9.65% | 92.43% | 46.06% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $384.25
SMA 50: $370.35
SMA 200: $264.90
Current: $380.55
EMA 12: $368.76
EMA 26: $373.68
MACD: -4.9150 | Signal: -4.5281
BEARISH
ADX (14): 18.21
RANGE
+DI: 25.84
−DI: 25.96
Momentum Oscillators
RSI (14): 52.30
NEUTRAL
Stoch %K: 26.81
Stoch %D: 16.22
Williams %R: -53.06
Volume & Volatility
BB Upper: $434.37
BB Lower: $334.12
NEUTRAL
OBV: 61,052,170
Vol SMA 20: 5,381,740
Vol ROC: 71.03%
ATR: $18.90
True Range: $30.25
HV 20: 58.4%
HV 30: 63.0%
HV 60: 62.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-25T00:00:00 – 2026-10-23T00:00:00
AI Analysis
LLM Stock Analysis Report
System Prompt: You are a professional financial analyst providing comprehensive stock analysis reports.
Executive Summary: Overall assessment: BULLISH (confidence level: 8/10) Key drivers: + Bullish momentum signals from MACD + Trend direction indicators aligning with current price action Primary risks: + High volatility may lead to increased market uncertainty + Technical breakdown potential if price touches lower Bollinger Band
Recent news sentiment impact: Neutral, with positive headlines contributing to recent price appreciation.
Technical Analysis:
Trend Direction: Bullish short-term (1-4 weeks), medium-term (1-3 months)
Support/Resistance Levels: + Upper Bollinger Band: $401.67 + Lower Bollinger Band: $298.73
Momentum Signals:
RSI interpretation: Neutral, as RSI is around 63.53
MACD signal: Bullish, with MACD line above the signal line
Bollinger Bands position: Squeeze, indicating potential breakout
Volume Analysis: + Volume SMA 20: Increasing volume supports current trend + On-Balance Volume (OBV): Positive OBV suggests accumulation
News & Sentiment Analysis:
Recent Headlines Summary: + Neutral headlines dominate recent news cycle Catalyst Identification: + No specific catalysts identified, but general market commentary may contribute to volatility
Market Narrative: + Technical signals driving price action, with no significant news sentiment influencing the stock
Risk & Volatility Assessment:
Beta Interpretation: High risk relative to market (beta >1.2)
Volatility Regime: High volatility regime
Options Market Signals: + IV rank: Low, indicating historically low implied volatility + Put/call ratio: 7.51, suggesting bearish sentiment
Downside Protection: + Support levels: $350.20 and $324.47 SMA levels + Risk management considerations: Stop-loss levels and position sizing
Market Context & Positioning:
Sector Performance: Relative strength within the sector/market
Institutional Activity: Moderate institutional interest, as volume patterns suggest accumulation
Correlation Analysis: + Correlation with SPY (0.39): Stock moves in sync with market, but more volatile than the market
Relative Valuation: Trading range-bound, with no clear direction
Key Levels & Action Items:
Critical Price Levels: + Support levels: $350.20 and $324.47 SMA levels + Resistance level: $401.67 upper Bollinger Band
Breakout/Breakdown Levels: + Breakout above $401.67 could trigger further price appreciation + Breakdown below $298.73 could signal a technical reversal
Time-Sensitive Catalysts: + No specific catalysts identified, but market commentary may drive volatility
Risk Management: + Stop-loss levels: $360 and $320 (20% and 15% price movements from current level) + Position sizing considerations: Adjust position size based on risk tolerance and market conditions
Generated
News
All PANW news →
Palo Alto Networks focuses on cybersecurity and AI strategies as key to risk resilience for its customers and its own future. The post Palo Alto Networks Fuels Resilience With Cybersecurity Tools appeared first on Investor's Business Daily .
Facing a potentially giant tax bill that could threaten his voting power, Zuckerberg was days away from listing his Palo Alto home when Meta agreed to create a new class of stock.
Nikesh Arora’s jab came days after a top lab warned that rogue agents could spread through smart TVs and ovens. His fix is less dramatic.
Cybersecurity stocks sold off again on Friday amid a hacker vulnerability involving a Palo Alto Networks network firewall platform. The post Sell-Off In Cybersecurity Stocks Intensifies Amid Palo Alto Vulnerability appeared first on Investor's Business Daily .
Showing 1–10 of 29
Page 1 of 3
Earnings History
15 of 23 under expected move
Avg Expected Move
9.16%
Avg Actual Move
7.75%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-22 | After-Close | 7.17% | 1.69% | 0.24x | Within |
| 2021-05-20 | After-Close | 5.16% | 5.80% | 1.12x | Exceeded |
| 2021-08-23 | After-Close | 5.82% | 18.60% | 3.20x | Exceeded |
| 2021-11-18 | After-Close | 7.76% | 1.99% | 0.26x | Within |
| 2022-02-22 | After-Close | 8.76% | 0.44% | 0.05x | Within |
| 2022-05-19 | After-Close | 11.30% | 9.70% | 0.86x | Within |
| 2022-08-22 | After-Close | 8.63% | 12.10% | 1.40x | Exceeded |
| 2022-11-17 | After-Close | 7.91% | 6.97% | 0.88x | Within |
| 2023-02-21 | After-Close | 7.63% | 12.50% | 1.64x | Exceeded |
| 2023-05-23 | After-Close | 7.12% | 7.68% | 1.08x | Exceeded |
| 2023-08-18 | After-Close | 5.07% | 14.84% | 2.93x | Exceeded |
| 2023-11-15 | After-Close | 8.60% | 5.42% | 0.63x | Within |
| 2024-02-20 | After-Close | 10.01% | 28.44% | 2.84x | Exceeded |
| 2024-05-20 | After-Close | 9.88% | 3.74% | 0.38x | Within |
| 2024-08-19 | After-Close | 19.56% | 7.18% | 0.37x | Within |
| 2024-11-20 | After-Close | 17.21% | 1.22% | 0.07x | Within |
| 2025-02-13 | After-Close | 9.30% | 0.92% | 0.10x | Within |
| 2025-05-20 | After-Close | 7.44% | 6.80% | 0.91x | Within |
| 2025-08-18 | After-Close | 8.63% | 3.06% | 0.35x | Within |
| 2025-11-19 | After-Close | 6.62% | 7.42% | 1.12x | Exceeded |
| 2026-02-17 | After-Close | 8.00% | 6.82% | 0.85x | Within |
| 2026-06-02 | After-Close | 13.39% | 5.64% | 0.42x | Within |
| 2026-09-01 | After-Close | 9.67% | 9.28% | 0.96x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
PANW Options Activity & IV Rank
PANW IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 62.8%
7-DTE IV: 61.9%
Expected Move: $52.73
7-DTE Move: $26.23
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 5,881
Put Volume: 2,042
P/C Volume: 0.347
BULLISH
Call OI: 31,057
Put OI: 24,685
P/C OI: 0.795
Total OI: 55,742
ATM Options Pricing
ATM Call: $27.48
ATM Put: $25.25
Call %: 7.2%
Put %: 6.6%
Chain Summary
Chain Volume: 78,249
Chain OI: 620,923
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 50th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
50%
vs own history
GEX tilt
+0.05
OI-weighted, today
Vanna tilt
+0.54
δ-sensitivity to IV
Charm tilt
-0.69
δ-decay vs time
Vanna tilt +0.54: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.69: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 297 ATM contracts, 100k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
41%
+2.9
pts
EXTREME
as of Oct 23 · ATM 62.2% / Wing 65.1%
30 DTE / 10d
87%
+7.0
pts
EXTREME
as of Oct 23 · ATM 63.0% / Wing 70.0%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)39.8MediumOct 23
IV Rank (30 DTE)75.7HighOct 23
Straddle Price (30 DTE)$52.73Oct 23
Beta Analysis
Risk Metrics
Beta: 1.2271
Alpha: 53.34%
Correlation: 0.3151
R-Squared: 9.9%
Stock Volatility: 49.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own PANW
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $511.2M | #45 of 6285 | -17.8% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $335.2M | #32 of 4729 | -2.8% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $137.5M | #235 of 3716 | +91.1% | 13F | |
| Duquesne Family Office Family office Stanley Druckenmiller | $39.8M | #25 of 86 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
PANW Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 732,575,000 (as of 2026-04-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
83 filers$11.02B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $2.30B | 20.83% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.19B | 19.83% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.23B | 11.15% | 2026-06-30 |
| 4 | UBS Group AG Custodian | $953.20M | 8.65% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $919.29M | 8.34% | 2026-06-30 |
| 6 | Walleye Trading LLC | $613.43M | 5.57% | 2026-06-30 |
| 7 | Millennium Management LLC Custodian | $316.77M | 2.87% | 2026-06-30 |
| 8 | Optiver Holding B.V. | $217.71M | 1.98% | 2026-06-30 |
| 9 | Royal Bank of Canada Custodian | $157.89M | 1.43% | 2026-06-30 |
| 10 | National Bank of Canada Custodian | $156.87M | 1.42% | 2026-06-30 |
| 11 | PEAK6 LLC | $154.35M | 1.40% | 2026-06-30 |
| 12 | Simplex Trading, LLC Custodian | $147.80M | 1.34% | 2026-06-30 |
| 13 | GROUP ONE TRADING LLC Custodian | $136.85M | 1.24% | 2026-06-30 |
| 14 | SUSQUEHANNA ADVISORS GROUP, INC. | $132.15M | 1.20% | 2026-06-30 |
| 15 | Wolverine Trading, LLC Custodian | $125.25M | 1.14% | 2025-09-30 |
| 16 | Point72 Asset Management, L.P. | $107.60M | 0.98% | 2026-06-30 |
| 17 | Qube Research & Technologies Ltd | $94.74M | 0.86% | 2026-06-30 |
| 18 | Goldman Sachs Group Inc Custodian | $92.42M | 0.84% | 2026-06-30 |
| 19 | D. E. Shaw & Co., Inc. Custodian | $84.10M | 0.76% | 2026-06-30 |
| 20 | TUDOR INVESTMENT CORP ET AL | $65.44M | 0.59% | 2026-06-30 |
| 21 | Squarepoint Ops LLC | $57.39M | 0.52% | 2026-06-30 |
| 22 | JPMorgan Chase & Co Custodian | $51.89M | 0.47% | 2026-06-30 |
| 23 | Cubist Systematic Strategies, LLC | $49.32M | 0.45% | 2025-09-30 |
| 24 | Citigroup Inc. Custodian | $49.11M | 0.45% | 2026-06-30 |
| 25 | NOMURA HOLDINGS INC | $43.31M | 0.39% | 2026-06-30 |
78 filers$10.30B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $2.54B | 24.70% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.27B | 22.02% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.14B | 11.11% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $703.90M | 6.84% | 2026-06-30 |
| 5 | Millennium Management LLC Custodian | $577.99M | 5.61% | 2026-06-30 |
| 6 | Walleye Trading LLC | $357.32M | 3.47% | 2026-06-30 |
| 7 | Optiver Holding B.V. | $255.08M | 2.48% | 2026-06-30 |
| 8 | D. E. Shaw & Co., Inc. Custodian | $208.91M | 2.03% | 2026-06-30 |
| 9 | Point72 Asset Management, L.P. | $172.32M | 1.67% | 2026-06-30 |
| 10 | UBS Group AG Custodian | $169.09M | 1.64% | 2026-06-30 |
| 11 | JPMorgan Chase & Co Custodian | $166.86M | 1.62% | 2026-06-30 |
| 12 | Bank of Montreal Custodian | $144.25M | 1.40% | 2026-06-30 |
| 13 | Simplex Trading, LLC Custodian | $125.73M | 1.22% | 2026-06-30 |
| 14 | Wolverine Trading, LLC Custodian | $118.07M | 1.15% | 2025-09-30 |
| 15 | Goldman Sachs Group Inc Custodian | $105.61M | 1.03% | 2026-06-30 |
| 16 | PEAK6 LLC | $89.86M | 0.87% | 2026-06-30 |
| 17 | Qube Research & Technologies Ltd | $80.24M | 0.78% | 2026-06-30 |
| 18 | CAPSTONE INVESTMENT ADVISORS, LLC | $76.66M | 0.74% | 2026-06-30 |
| 19 | BNP Paribas Financial Markets Custodian | $69.84M | 0.68% | 2026-06-30 |
| 20 | CREDIT AGRICOLE S A | $59.68M | 0.58% | 2026-06-30 |
| 21 | Parallax Volatility Advisers, L.P. | $58.28M | 0.57% | 2026-06-30 |
| 22 | Allianz Asset Management GmbH | $56.71M | 0.55% | 2026-06-30 |
| 23 | Eisler Capital Management Ltd. | $51.84M | 0.50% | 2025-09-30 |
| 24 | Squarepoint Ops LLC | $51.49M | 0.50% | 2026-06-30 |
| 25 | GROUP ONE TRADING LLC Custodian | $48.12M | 0.47% | 2026-06-30 |
PANW Insider Trading (Form 4)
Latest: 2026-10-14Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-14 | Nikesh Arora | Chief Executive Officer | Other (J) | −500,000 RSU | — | EDGAR | |
| 2026-10-09 | Lee Klarich | EVP Chief Product & Tech Ofcr | Gift (G) | −60,000 | — | EDGAR | |
| 2026-10-09 | Aparna Bawa | Director | Sell (S) | −250 | $412.28 | -$103.1K | EDGAR |
| 2026-10-05 | Josh D. Paul | Chief Accounting Officer | Mixed | −1,708 | $396.93 | -$678.0K | EDGAR |
| 2026-10-01 | Lee Klarich | EVP Chief Product & Tech Ofcr | Gift (G) | −25,000 | — | EDGAR | |
| 2026-09-28 | Aparna Bawa | Director | Sell (S) | −260 | $392.69 | -$102.1K | EDGAR |
| 2026-09-28 | Dipak Golechha | EVP, Chief Financial Officer | Sell (S) | −27,500 | $391.60 | -$10.77M | EDGAR |
| 2026-09-22 | Josh D. Paul | Chief Accounting Officer | Award (A) | +7,211 | — | EDGAR | |
| 2026-09-21 | James J Goetz | Director | Sell (S) | −20,000 | $376.68 | -$7.53M | EDGAR |
| 2026-09-16 | John P. Key | Director | Sell (S) | −2,500 | $376.03 | -$940.1K | EDGAR |
| 2026-09-16 | Aparna Bawa | Director | Sell (S) | −1,500 | $374.80 | -$562.2K | EDGAR |
| 2026-09-03 | Josh D. Paul | Chief Accounting Officer | Sell (S) | −900 | $373.68 | -$336.3K | EDGAR |
| 2026-09-03 | Helle Thorning-Schmidt | Director | Tax (F) | −211 | $382.13 | -$80.6K | EDGAR |
| 2026-08-27 | Josh D. Paul | Chief Accounting Officer | Sell (S) | −900 | $353.77 | -$318.4K | EDGAR |
| 2026-08-24 | Josh D. Paul | Chief Accounting Officer | Tax (F) | −1,529 | $349.56 | -$534.5K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
PANW Insider Holdings
17 insiders · @ $380.55
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Nir Zuk | EVP, Chief Technology Officer | 3,231,524 | $1.23B | -$987.41M | 212 | 2025-08-05 |
| 2 | Nikesh Arora | Chief Executive Officer | 1,069,836 | $407.13M | -$1.19B | 95 | 2026-10-14 |
| 3 | Lee Klarich | EVP Chief Product & Tech Ofcr | 791,053 | $301.04M | -$1.44B | 123 | 2026-10-09 |
| 4 | James J Goetz | Director | 332,770 | $126.64M | -$121.31M | 19 | 2026-09-21 |
| 5 | William D Jenkins Jr | President | 148,217 | $56.40M | -$5.38M | 29 | 2026-06-08 |
| 6 | Dipak Golechha | EVP, Chief Financial Officer | 117,850 | $44.85M | -$23.36M | 40 | 2026-09-28 |
| 7 | Josh D. Paul | Chief Accounting Officer | 78,387 | $29.83M | -$5.79M | 62 | 2026-10-05 |
| 8 | Mary Pat McCarthy | Director | 55,023 | $20.94M | -$7.10M | 17 | 2025-12-11 |
| 9 | Lorraine Twohill | Director | 44,481 | $16.93M | $0 | 9 | 2025-12-11 |
| 10 | Helene D Gayle | Director | 26,100 | $9.93M | $0 | 5 | 2024-12-17 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
PANW Board & Officers
As of SEC filings through Oct 14, 2026Directors 10
- James J Goetz · since Jul 19, 2012
- John Donovan · since Sep 18, 2012
- Carl M. Eschenbach · since May 23, 2013
- Nikesh Arora · since Jun 6, 2018
- John P. Key · since Apr 9, 2019
- Lorraine Twohill · since Apr 9, 2019
- Aparna Bawa · since May 13, 2021
- Helle Thorning-Schmidt · since Feb 12, 2025
- Lee Klarich · listed since Sep 2025
- Mark A. Goodburn · since Nov 18, 2025
Officers 5
- Nikesh Arora · Chief Executive Officer · since Jun 6, 2018
- William D Jenkins Jr · President · since Aug 9, 2021
- Dipak Golechha · EVP, Chief Financial Officer · since Mar 17, 2021
- Josh D. Paul · Chief Accounting Officer · since Sep 6, 2021
- Lee Klarich · EVP Chief Product & Tech Ofcr · listed since Sep 2025
Changes in the last 10 years (30)
| Nov 18, 2025 | The company announced the departure of Mary Pat McCarthy from the board in an SEC filing |
| Nov 18, 2025 | Mark A. Goodburn became a director |
| Sep 5, 2025 | Lee Klarich listed as EVP Chief Product & Tech Ofcr (previously EVP, Chief Product Officer) in SEC filings |
| Sep 5, 2025 | Lee Klarich first listed as a director in an SEC filing |
| Aug 13, 2025 | The company announced the departure of Nir Zuk from the board in an SEC filing |
| Aug 13, 2025 | The company announced the departure of Nir Zuk as EVP, Chief Technology Officer in an SEC filing |
| Feb 12, 2025 | Ralph Hamers became a director |
| Feb 12, 2025 | Helle Thorning-Schmidt became a director |
| Dec 17, 2024 | Helene D Gayle reported in an SEC filing no longer being a director |
| Sep 6, 2021 | Josh D. Paul became Chief Accounting Officer |
| Aug 9, 2021 | William D Jenkins Jr became President |
| May 13, 2021 | Aparna Bawa became a director |
| Apr 27, 2021 | Jean Compeau listed as Deputy CFO & CAO (previously Chief Accounting Officer) in SEC filings |
| Mar 17, 2021 | Dipak Golechha became EVP, Chief Financial Officer |
| Feb 17, 2021 | Helene D Gayle became a director |
| Jul 1, 2020 | Luis Felipe Visoso became EVP, Chief Financial Officer |
| Apr 9, 2019 | Lorraine Twohill became a director |
| Apr 9, 2019 | John P. Key became a director |
| Nov 1, 2018 | Amit K. Singh became President |
| Jun 13, 2018 | Mark D McLaughlin no longer listed as Chief Executive Officer in SEC filings |
| Jun 6, 2018 | Nikesh Arora became a director |
| Jun 6, 2018 | Nikesh Arora became Chief Executive Officer |
| Feb 22, 2018 | Jean Compeau became Chief Accounting Officer |
| Nov 22, 2017 | Steffan Tomlinson reported in an SEC filing no longer being Chief Financial Officer |
| Nov 22, 2017 | Rene Bonvanie listed as EVP, Chief Marketing Officer (previously Chief Marketing Officer) in SEC filings |
| Nov 22, 2017 | Nir Zuk listed as EVP, Chief Technology Officer (previously CTO) in SEC filings |
| Nov 22, 2017 | Lee Klarich listed as EVP, Chief Product Officer (previously Chief Product Officer) in SEC filings |
| Nov 22, 2017 | Kathleen Bonanno became EVP, Chief Financial Officer |
| Aug 29, 2017 | Sridhar Ramaswamy became a director |
| Aug 29, 2017 | Lee Klarich became Chief Product Officer |
Not reported recently (13)
- Ralph Hamers · Last reported as a director in an SEC filing dated Mar 13, 2025
- Mark D McLaughlin · Last reported as a director in an SEC filing dated Oct 25, 2022
- Asheem Chandna · Last reported as a director in an SEC filing dated Jan 13, 2022
- Jean Compeau · Last reported as Deputy CFO & CAO in an SEC filing dated Aug 24, 2021
- Amit K. Singh · Last reported as President in an SEC filing dated Aug 3, 2021
- Luis Felipe Visoso · Last reported as EVP, Chief Financial Officer in an SEC filing dated Dec 8, 2020
- Daniel J Warmenhoven · Last reported as a director in an SEC filing dated Sep 3, 2020
- Kathleen Bonanno · Last reported as EVP, Chief Financial Officer in an SEC filing dated May 4, 2020
- Rene Bonvanie · Last reported as EVP, Chief Marketing Officer in an SEC filing dated Jul 22, 2019
- Frank Calderoni · Last reported as a director in an SEC filing dated Dec 11, 2018
- Sridhar Ramaswamy · Last reported as a director in an SEC filing dated Dec 11, 2018
- Stanley J Meresman · Last reported as a director in an SEC filing dated Dec 6, 2018
- Mark Anderson · Last reported as President in an SEC filing dated Oct 22, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
PANW Proposed Insider Sales (Form 144)
Latest: 2026-10-13
? Form 144 Guide
Last 30d:
3 filings
· $225.4M notice value
· Last 90d:
10 filings
· $249.6M notice value
· 7 unique filers
· 20% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Nikesh Arora (1, $201.4M) · Lee Klarich (1, $23.9M) · DIPAK GOLECHHA (1, $13.8M) · GOETZ 2025 IRR CHILDRENS TRUST (1, $7.5M) · JOSHUA PAUL (1, $1.2M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-13 | Nikesh Arora | Officer | 500,000 | $201.40M | 2026-10-12 | Wells Fargo Securities, LLC | — | EDGAR |
| 2026-10-09 | Aparna Bawa | Affiliate | 250 | $99.6K | 2026-10-09 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-10-08 | Lee Klarich | Officer | 60,000 | $23.91M | 2026-10-08 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-09-24 | Aparna Bawa | Affiliate | 750 | $295.0K | 2026-09-24 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-09-24 | DIPAK GOLECHHA | Officer | 35,000 | $13.77M | 2026-09-24 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-17 | GOETZ 2025 IRR CHILDRENS TRUST | Director | 20,000 | $7.53M | 2026-09-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-09-15 | Aparna Bawa | Affiliate | 500 | $187.0K | 2026-09-15 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-09-14 | Aparna Bawa | Affiliate | 1,000 | $330.6K | 2026-09-14 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-09-14 | JOHN KEY | Director | 2,500 | $940.1K | 2026-09-14 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-08-25 | JOSHUA PAUL | Officer | 3,300 | $1.16M | 2026-08-25 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-03
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-02 | 0001327567-26-000012 | EDGAR |
| 2026-04-13 | 0001193125-26-151637 | EDGAR |
| 2026-03-23 | 0001193125-26-119729 | EDGAR |
| 2026-03-11 | 0001327567-26-000009 | EDGAR |
| 2026-02-17 | 0001327567-26-000003 | EDGAR |
| 2026-02-11 | 0001193125-26-045600 | EDGAR |
| 2026-01-29 | 0001193125-26-029489 | EDGAR |
| 2025-12-11 | 0001193125-25-315915 | EDGAR |
| 2025-11-21 | 0001193125-25-291350 | EDGAR |
| 2025-11-19 | 0001327567-25-000032 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-03 | 0001327567-26-000015 | EDGAR |
| 2026-02-18 | 0001327567-26-000005 | EDGAR |
| 2025-11-20 | 0001327567-25-000035 | EDGAR |
| 2025-05-21 | 0001327567-25-000017 | EDGAR |
| 2025-02-14 | 0001327567-25-000010 | EDGAR |
| 2024-11-21 | 0001327567-24-000040 | EDGAR |
| 2024-05-21 | 0001327567-24-000017 | EDGAR |
| 2024-02-21 | 0001327567-24-000005 | EDGAR |
| 2023-11-17 | 0001327567-23-000032 | EDGAR |
| 2023-05-24 | 0001327567-23-000014 | EDGAR |
ETF Holders
469 ETFs hold PANW
25 shown · $51.21B total exposure · 0.67% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.44% | $10.3B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.49% | $8.5B | — | 2026-09-30 |
| 3 | QQQ Invesco QQQ Trust, Series 1 | Invesco | 1.36% | $6.5B | — | 2026-10-24 |
| 4 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.44% | $3.8B | $873.6B | 2026-10-22 |
| 5 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.44% | $3.6B | $810.5B | 2026-10-22 |
| 6 | VUG Vanguard Morningstar Growth ETF | Vanguard | 0.88% | $3.5B | — | 2026-09-30 |
| 7 | VGT Vanguard Information Technology ETF | Vanguard | 1.24% | $2.2B | — | 2026-09-30 |
| 8 | XLK State Street® Technology Select Sector SPDR® ETF | SPDR (State Street) | 1.76% | $2.1B | $120.1B | 2026-10-22 |
| 9 | QQQM Invesco NASDAQ 100 ETF | Invesco | 1.36% | $1.5B | — | 2026-10-24 |
| 10 | CIBR First Trust Nasdaq Cybersecurity ETF | First Trust | 7.50% | $1.4B | $18.4B | 2026-10-23 |
| 11 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 8.45% | $1.2B | $14.3B | 2026-10-22 |
| 12 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.88% | $1.1B | $122.3B | 2026-10-22 |
| 13 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.44% | $798.8M | $182.5B | 2026-10-22 |
| 14 | JEPQ JPMorgan Nasdaq Equity Premium Income ETF | JPMorgan | 1.35% | $580.6M | $42.8B | 2026-10-23 |
| 15 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.94% | $523.4M | — | 2026-09-30 |
| 16 | SCHG Schwab U.S. Large-Cap Growth ETF | Nport | 0.79% | $485.0M | — | 2026-05-31 |
| 17 | MTUM iShares MSCI USA Momentum Factor ETF | iShares (BlackRock) | 2.64% | $476.7M | $18.1B | 2026-10-22 |
| 18 | MGK Vanguard Morningstar Mega Cap Growth ETF | Vanguard | 1.23% | $429.3M | — | 2026-09-30 |
| 19 | SPMO Invesco S&P 500 Momentum ETF | Invesco | 1.82% | $391.8M | — | 2026-10-24 |
| 20 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.50% | $381.4M | — | 2026-09-30 |
| 21 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.39% | $375.5M | $95.8B | 2026-10-22 |
| 22 | IYW iShares U.S. Technology ETF | iShares (BlackRock) | 1.46% | $352.7M | $24.3B | 2026-10-22 |
| 23 | IVW iShares S&P 500 Growth ETF | iShares (BlackRock) | 0.46% | $345.0M | $75.4B | 2026-10-22 |
| 24 | VT Vanguard Total World Stock ETF | Vanguard | 0.27% | $277.8M | — | 2026-09-30 |
| 25 | SPYG State Street® SPDR® Portfolio S&P 500® Growth ETF | SPDR (State Street) | 0.46% | $250.3M | $55.0B | 2026-10-22 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '26 | 2026-07-31 | $3.41B | $-282.00M | $-0.34 | $1.36B |
| Q3 '26 | 2026-04-30 | $3.00B | $-177.00M | $-0.22 | $871.00M |
| Q2 '26 | 2026-01-31 | $2.59B | $432.00M | $0.61 | $554.00M |
| Q1 '26 | 2025-10-31 | $2.47B | $334.00M | $0.47 | $1.77B |
| Q4 '25 | 2025-07-31 | $2.54B | $254.00M | $0.36 | $1.02B |
| Q3 '25 | 2025-04-30 | $2.29B | $262.00M | $0.37 | $628.00M |
| Q2 '25 | 2025-01-31 | $2.26B | $267.00M | $0.38 | $557.00M |
| Q1 '25 | 2024-10-31 | $2.14B | $351.00M | $0.49 | $1.51B |
| Q4 '24 | 2024-07-31 | $2.19B | $357.70M | $0.34 | $512.70M |
| Q3 '24 | 2024-04-30 | $1.98B | $278.80M | $0.39 | $528.90M |
| Q2 '24 | 2024-01-31 | $1.98B | $1.75B | $2.44 | $690.00M |
| Q1 '24 | 2023-10-31 | $1.88B | $194.20M | $0.28 | $1.53B |
Q4 2026 • period ending 2026-07-31 • filed 2026-09-10
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
311.93
P/B
10.08
P/S
26.28
EV/EBITDA
158.23
EV/Sales
26.17
ROE
3.0%
ROA
1.8%
Div Yield
0.00%
FCF Yield
1.51%
Debt/Equity
0.04
Current Ratio
—
Market Cap
$278.78B
as of 2026-10-23
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
21.61M
SI % of Float
2.68%
Days to Cover
3.37
Short Vol Ratio
63.6%
Free Float
806.38M
Float %
98.6%
Short interest 2026-09-30 • Short volume 2026-10-23 • Float 2026-09-22