Rep. Julie Johnson Sells Palo Alto Networks, Inc. (NASDAQ:PANW) Shares

Representative Julie Johnson (D-Texas) recently sold shares of Palo Alto Networks, Inc. (NASDAQ:PANW). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palo Alto Networks stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Palo Alto Networks Trading Up 0.0%

NASDAQ:PANW opened at $192.98 on Friday. Palo Alto Networks, Inc. has a 1-year low of $142.01 and a 1-year high of $208.39. The firm has a fifty day simple moving average of $177.37 and a 200 day simple moving average of $185.13. The stock has a market capitalization of $127.77 billion, a PE ratio of 108.72, a P/E/G ratio of 5.64 and a beta of 1.02.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. On average, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PANW. Aprio Wealth Management LLC grew its position in Palo Alto Networks by 154.9% in the fourth quarter. Aprio Wealth Management LLC now owns 2,401 shares of the network technology company’s stock valued at $437,000 after acquiring an additional 1,459 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Palo Alto Networks by 96.5% during the fourth quarter. Fiduciary Alliance LLC now owns 3,109 shares of the network technology company’s stock worth $566,000 after purchasing an additional 1,527 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Palo Alto Networks by 116.6% during the fourth quarter. Brookstone Capital Management now owns 70,302 shares of the network technology company’s stock worth $12,792,000 after purchasing an additional 37,839 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Palo Alto Networks by 113.4% during the fourth quarter. Capital Investment Advisors LLC now owns 8,963 shares of the network technology company’s stock worth $1,631,000 after purchasing an additional 4,763 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in shares of Palo Alto Networks by 157.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 540 shares of the network technology company’s stock worth $98,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Capital assumed coverage on shares of Palo Alto Networks in a research report on Thursday. They set a “neutral” rating and a $210.00 price objective for the company. KeyCorp reduced their price objective on shares of Palo Alto Networks from $240.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. JMP Securities lifted their price objective on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Hsbc Global Res raised shares of Palo Alto Networks from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 10th. Finally, Westpark Capital reaffirmed a “hold” rating and set a $196.40 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $203.46.

Insider Transactions at Palo Alto Networks

In other news, EVP Nir Zuk sold 100,000 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the sale, the executive vice president now directly owns 3,543,516 shares in the company, valued at approximately $586,132,981.56. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $151.13, for a total value of $18,252,574.62. Following the sale, the executive vice president now owns 321,774 shares in the company, valued at approximately $48,629,704.62. This trade represents a 27.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 568,962 shares of company stock worth $96,933,690. Insiders own 2.50% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.