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 Down 3.9 %

PANW opened at $185.42 on Thursday. The business’s 50 day moving average is $188.18 and its 200-day moving average is $179.55. The stock has a market cap of $121.67 billion, a PE ratio of 48.29, a price-to-earnings-growth ratio of 5.37 and a beta of 1.14. Palo Alto Networks, Inc. has a twelve month low of $130.04 and a twelve month high of $207.24.

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

Analyst Upgrades and Downgrades

PANW has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on Palo Alto Networks from $192.50 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $222.50 price objective on shares of Palo Alto Networks in a research report on Thursday, November 21st. Evercore ISI dropped their target price on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a report on Tuesday, December 31st. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Thursday, November 21st. Finally, Piper Sandler upped their price target on Palo Alto Networks from $165.00 to $192.50 and gave the company a “neutral” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.85.

Hedge Funds Weigh In On Palo Alto Networks

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in shares of Palo Alto Networks by 34,318.2% in the 3rd quarter. International Assets Investment Management LLC now owns 3,259,063 shares of the network technology company’s stock valued at $1,113,948,000 after acquiring an additional 3,249,594 shares during the period. Jennison Associates LLC raised its holdings in Palo Alto Networks by 83.0% in the fourth quarter. Jennison Associates LLC now owns 5,759,689 shares of the network technology company’s stock worth $1,048,033,000 after purchasing an additional 2,612,474 shares during the period. Nordea Investment Management AB boosted its position in shares of Palo Alto Networks by 199.1% during the fourth quarter. Nordea Investment Management AB now owns 1,822,336 shares of the network technology company’s stock worth $333,925,000 after purchasing an additional 1,213,073 shares in the last quarter. Swedbank AB increased its position in shares of Palo Alto Networks by 107.8% in the 4th quarter. Swedbank AB now owns 1,634,701 shares of the network technology company’s stock valued at $297,450,000 after buying an additional 848,127 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Palo Alto Networks by 104.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,722 shares of the network technology company’s stock worth $284,353,000 after buying an additional 796,964 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Nikesh Arora sold 176,242 shares of Palo Alto Networks stock in a transaction on Monday, January 6th. The stock was sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $195,596,176.16. This trade represents a 13.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 336,000 shares of the stock in a transaction dated 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 owns 3,643,516 shares in the company, valued at $705,730,831.62. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 867,734 shares of company stock worth $161,546,523. Corporate insiders own 2.50% 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, 2027.

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 2026 election.

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.