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

Posted by Stacy Sanders 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 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 Performance

NASDAQ:PANW opened at $192.94 on Wednesday. The company has a fifty day moving average of $188.20 and a two-hundred day moving average of $179.38. The stock has a market capitalization of $126.61 billion, a PE ratio of 50.24, a P/E/G ratio of 5.37 and a beta of 1.14. Palo Alto Networks, Inc. has a fifty-two week low of $130.04 and a fifty-two week high of $207.24.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The network technology company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.32 earnings per share. Research analysts forecast that Palo Alto Networks, Inc. will post 1.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Palo Alto Networks from $223.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $195.00 to $212.50 and gave the company an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird upped their price objective on shares of Palo Alto Networks from $212.50 to $217.50 and gave the company an “outperform” rating in a report on Thursday, November 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $222.50 target price on shares of Palo Alto Networks in a research report on Thursday, November 21st. Finally, Stifel Nicolaus upped their target price on shares of Palo Alto Networks from $192.50 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $200.85.

Get Our Latest Research Report on PANW

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Nir Zuk sold 336,000 shares of the business’s 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lee Klarich sold 120,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 365,856 shares of the company’s stock, 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 sold 867,734 shares of company stock worth $161,546,523 in the last 90 days. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Palo Alto Networks by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 7,656,968 shares of the network technology company’s stock worth $2,609,486,000 after purchasing an additional 220,900 shares in the last quarter. Jennison Associates LLC increased its position in Palo Alto Networks by 83.0% during the 4th 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 in the last quarter. International Assets Investment Management LLC increased its position in Palo Alto Networks by 34,318.2% during the 3rd quarter. International Assets Investment Management LLC now owns 3,259,063 shares of the network technology company’s stock worth $1,113,948,000 after purchasing an additional 3,249,594 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Palo Alto Networks by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,005,161 shares of the network technology company’s stock valued at $685,364,000 after buying an additional 31,595 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Palo Alto Networks by 199.1% in the 4th quarter. Nordea Investment Management AB now owns 1,822,336 shares of the network technology company’s stock valued at $333,925,000 after buying an additional 1,213,073 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

(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.