Palo Alto Networks (NASDAQ:PANW) Shares Acquired Rep. Marjorie Taylor Greene

Posted by Joseph Casey on Jan 29th, 2025

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 8th. The trade occurred in the Representative’s “DG TRUST” account.

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 Palo Alto Networks (NASDAQ:PANW) 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.

Palo Alto Networks Stock Up 1.9 %

PANW stock opened at $192.94 on Wednesday. The company has a market capitalization of $126.61 billion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 5.37 and a beta of 1.14. The firm has a 50 day moving average of $188.20 and a two-hundred day moving average of $179.38. 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 – Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The network technology company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Palo Alto Networks had a net margin of 32.99% and a return on equity of 23.36%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, research analysts expect that Palo Alto Networks, Inc. will post 1.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Palo Alto Networks news, CEO Nikesh Arora sold 176,242 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the completion of the transaction, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $195,596,176.16. This represents a 13.96 % decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the transaction, the executive vice president now owns 365,856 shares in the company, valued at $65,744,323.20. The trade was a 24.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 867,734 shares of company stock valued at $161,546,523 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BNP Paribas assumed coverage on Palo Alto Networks in a report on Tuesday, October 8th. They set an “outperform” rating and a $205.00 target price on the stock. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research note on Thursday, November 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $222.50 price objective on shares of Palo Alto Networks in a research note on Thursday, November 21st. Susquehanna increased their price target on shares of Palo Alto Networks from $210.00 to $217.50 and gave the company a “positive” rating in a research note on Thursday, November 21st. Finally, Bank of America lifted their price target on Palo Alto Networks from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $200.85.

Get Our Latest Report on PANW

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SJS Investment Consulting Inc. raised its position in shares of Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Palo Alto Networks by 113.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after buying an additional 41 shares during the period. Valued Wealth Advisors LLC lifted its stake in Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Abound Wealth Management boosted its holdings in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 72 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Palo Alto Networks by 352.6% during 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 during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

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.

About Palo Alto Networks

(Get Free Report)

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.