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 Trading Up 1.9 %

PANW stock opened at $192.94 on Wednesday. Palo Alto Networks, Inc. has a twelve month low of $130.04 and a twelve month high of $207.24. The stock has a market cap of $126.61 billion, a P/E ratio of 50.24, a PEG ratio of 5.37 and a beta of 1.14. The company’s 50 day moving average is $188.18 and its two-hundred day moving average is $179.55.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Scotiabank raised their price objective on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Rosenblatt Securities upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $195.00 to $215.00 in a research report on Thursday, November 21st. Citigroup dropped their target price 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. Needham & Company LLC raised their price target on Palo Alto Networks from $192.50 to $225.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, BTIG Research cut Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.85.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, 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 of the company’s stock, valued at $65,744,323.20. This represents a 24.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $65,081,520.00. Following the sale, the executive vice president now directly owns 3,643,516 shares of the company’s stock, valued at $705,730,831.62. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 867,734 shares of company stock valued at $161,546,523. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Palo Alto Networks

Several large investors have recently made changes to their positions in PANW. The Manufacturers Life Insurance Company boosted its position in shares of Palo Alto Networks by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 199,164 shares of the network technology company’s stock worth $67,519,000 after buying an additional 5,976 shares during the period. Mackenzie Financial Corp lifted its position in Palo Alto Networks by 2.7% during the 2nd quarter. Mackenzie Financial Corp now owns 49,363 shares of the network technology company’s stock worth $16,735,000 after acquiring an additional 1,305 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Palo Alto Networks by 3.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 920 shares of the network technology company’s stock worth $312,000 after acquiring an additional 30 shares in the last quarter. Aviso Wealth Management grew its position in Palo Alto Networks by 26.4% in the second quarter. Aviso Wealth Management now owns 2,644 shares of the network technology company’s stock valued at $896,000 after acquiring an additional 552 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Palo Alto Networks by 5.4% during the second quarter. Creative Planning now owns 99,020 shares of the network technology company’s stock valued at $33,569,000 after purchasing an additional 5,077 shares during the period. Institutional investors and hedge funds 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

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.