Rep. Nancy Pelosi Buys Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

Representative Nancy Pelosi (D-California) recently bought shares of Palo Alto Networks, Inc. (NASDAQ:PANW). In a filing disclosed on January 17th, the Representative disclosed that they had bought between $1,000,001 and $5,000,000 in Palo Alto Networks stock on December 20th.

Representative Nancy Pelosi also recently made the following trade(s):

• Sold $5,000,001 – $25,000,000 in shares of Apple (NASDAQ:AAPL) on 12/31/2024.
• Sold $1,000,001 – $5,000,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/31/2024.
• Purchased $500,001 – $1,000,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/20/2024.

Palo Alto Networks Trading Down 0.0 %

NASDAQ PANW opened at $177.11 on Tuesday. The company has a fifty day simple moving average of $189.62 and a 200 day simple moving average of $178.67. The company has a market cap of $116.22 billion, a P/E ratio of 46.12, a P/E/G ratio of 5.07 and a beta of 1.14. Palo Alto Networks, Inc. has a 1 year low of $130.04 and a 1 year high of $207.24.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data 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 net margin of 32.99% and a return on equity of 23.36%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The business’s revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast that Palo Alto Networks, Inc. will post 1.74 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 336,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $193.70, for a total value of $65,081,520.00. Following the transaction, the executive vice president now owns 3,643,516 shares in the company, valued at approximately $705,730,831.62. The trade was a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the transaction, the executive vice president now owns 365,856 shares in the company, valued at approximately $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. In the last three months, insiders sold 867,734 shares of company stock worth $161,546,523. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Palo Alto Networks

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tradewinds LLC. increased its position in shares of Palo Alto Networks by 1.2% during the third quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company’s stock worth $791,000 after purchasing an additional 28 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in Palo Alto Networks by 3.4% in the 2nd quarter. Kathmere Capital Management LLC now owns 920 shares of the network technology company’s stock valued at $312,000 after buying an additional 30 shares in the last quarter. FLC Capital Advisors lifted its stake in shares of Palo Alto Networks by 0.7% during the 3rd quarter. FLC Capital Advisors now owns 4,035 shares of the network technology company’s stock worth $1,379,000 after purchasing an additional 30 shares during the period. Cromwell Holdings LLC raised its position in shares of Palo Alto Networks by 3.0% in the 3rd quarter. Cromwell Holdings LLC now owns 1,044 shares of the network technology company’s stock worth $357,000 after buying an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton increased its holdings in Palo Alto Networks by 9.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 348 shares of the network technology company’s stock valued at $119,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PANW shares. Citigroup lowered their price objective on shares of Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets lifted their price objective on shares of Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Guggenheim downgraded shares of Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group lifted their price objective on shares of Palo Alto Networks from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Three equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.77.

About Representative Pelosi

Nancy Pelosi (Democratic Party) is a member of the U.S. House, representing California’s 11th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Pelosi (Democratic Party) is running for re-election to the U.S. House to represent California’s 11th Congressional District. She declared candidacy for the primary scheduled on March 5, 2024. Pelosi is the first and only woman to serve as speaker of the House. Pelosi was first elected to the U.S. House in a special election in 1987 to represent California’s 5th Congressional District, which she represented until her election to California’s 8th Congressional District in 2012. In 2002, she was elected minority leader, becoming the highest-ranking congresswoman of either party in U.S. history. When Democrats took control of the House in 2007, Pelosi made history again with her election as speaker of the House. Pelosi was re-elected speaker of the House in 2019, following the 2018 midterm elections. She served in that role until January 3, 2023. Notable legislation passed during her speakership includes the Affordable Care Act, the American Recovery and Reinvestment Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Lilly Ledbetter Fair Pay Act, and the Don’t Ask, Don’t Tell Repeal Act. Pelosi is also a prominent Democratic fundraiser, raising more than $700 million for the Democratic Party since becoming a party leader in 2002. Before holding public office, Pelosi served on the Democratic National Committee and as a chair of the California Democratic Party. Nancy Pelosi was born in Baltimore, Maryland. Pelosi graduated from the Institute of Notre Dame in 1958. She earned a bachelor’s degree from Trinity College in 1962. Pelosi served as the chair of the California State Democratic Party and the finance chairwoman of the Democratic Senatorial Campaign Committee.

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.