Palo Alto Networks (NASDAQ:PANW) Stock Acquired Rep. Nancy Pelosi

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 Up 3.6 %

NASDAQ:PANW traded up $6.40 during trading hours on Tuesday, reaching $183.51. 6,410,348 shares of the company traded hands, compared to its average volume of 6,477,172. The business's 50-day moving average price is $189.18 and its two-hundred day moving average price is $178.72. Palo Alto Networks, Inc. has a 1 year low of $130.04 and a 1 year high of $207.24. The stock has a market capitalization of $120.42 billion, a P/E ratio of 47.79, a P/E/G ratio of 5.07 and a beta of 1.14.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PANW. SJS Investment Consulting Inc. boosted its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after acquiring an additional 69 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of Palo Alto Networks by 113.9% during the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Abound Wealth Management boosted its stake in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 72 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Palo Alto Networks by 352.6% in 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. Finally, Strategic Investment Solutions Inc. IL increased its stake in Palo Alto Networks by 177.4% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company's stock worth $29,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other news, EVP Nir Zuk sold 336,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 3,643,516 shares in the company, valued at approximately $705,730,831.62. This trade represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 120,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 365,856 shares of the company's stock, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. HSBC cut shares of Palo Alto Networks from a "hold" rating to a "reduce" rating and lowered their price objective for the stock from $152.00 to $145.50 in a research note on Friday, November 22nd. BMO Capital Markets boosted their price objective on shares of Palo Alto Networks from $195.00 to $212.50 and gave the company an "outperform" rating in a research report on Thursday, November 21st. BNP Paribas initiated coverage on Palo Alto Networks in a report on Tuesday, October 8th. They issued an "outperform" rating and a $205.00 target price on the stock. StockNews.com lowered Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Finally, Jefferies Financial Group lifted their price objective on Palo Alto Networks from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Three investment 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $200.85.

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.

Palo Alto Networks Company Profile

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.