Rep. Marjorie Taylor Greene Purchases Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Palo Alto Networks, Inc. (NASDAQ:PANW). In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Palo Alto Networks stock on January 21st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/21/2025.

Palo Alto Networks Stock Up 1.9 %

NASDAQ PANW opened at $192.94 on Wednesday. The firm’s 50 day moving average is $188.20 and its 200-day moving average is $179.38. The company has a market capitalization of $126.61 billion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 5.37 and a beta of 1.14. Palo Alto Networks, Inc. has a 12-month low of $130.04 and a 12-month high of $207.24.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Wednesday, November 20th. The network technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Palo Alto Networks had a return on equity of 23.36% and a net margin of 32.99%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. Palo Alto Networks’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.74 EPS for the current year.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 336,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the sale, the executive vice president now owns 3,643,516 shares of the company’s stock, valued at approximately $705,730,831.62. This trade represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $179.70, for a total value of $21,564,000.00. Following the transaction, the executive vice president now directly owns 365,856 shares in the company, valued at $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 867,734 shares of company stock worth $161,546,523 in the last quarter. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a report on Thursday, November 21st. KeyCorp raised their target price on shares of Palo Alto Networks from $200.00 to $217.50 and gave the company an “overweight” rating in a research note on Friday, October 18th. Citigroup lowered their price target on Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Loop Capital cut their price objective on Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus boosted their target price on Palo Alto Networks from $192.50 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $200.85.

Institutional Investors Weigh In On Palo Alto Networks

Several large investors have recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its holdings in Palo Alto Networks by 113.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after acquiring an additional 41 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Palo Alto Networks in the third quarter worth approximately $29,000. Sound Income Strategies LLC increased its holdings in Palo Alto Networks by 352.6% in the third quarter. Sound Income Strategies LLC now owns 86 shares of the network technology company’s stock worth $29,000 after purchasing an additional 67 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in Palo Alto Networks by 177.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock valued at $29,000 after buying an additional 55 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Palo Alto Networks by 2,933.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after buying an additional 88 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.