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 Stock Performance

Palo Alto Networks stock opened at $192.98 on Friday. The company has a 50 day moving average price of $177.37 and a 200-day moving average price of $185.13. Palo Alto Networks, Inc. has a fifty-two week low of $142.01 and a fifty-two week high of $208.39. The company 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 issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PANW shares. Rosenblatt Securities reissued a “buy” rating and set a $235.00 price objective on shares of Palo Alto Networks in a report on Monday, March 31st. UBS Group lifted their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. JMP Securities lifted their price target on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Roth Capital assumed coverage on shares of Palo Alto Networks in a report on Thursday. They issued a “neutral” rating and a $210.00 price target on the stock. Finally, KeyCorp cut their price target on shares of Palo Alto Networks from $240.00 to $205.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $203.46.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the sale, the executive vice president now owns 321,774 shares of the company’s stock, valued at $48,629,704.62. The trade was a 27.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nikesh Arora sold 227,414 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $172.73, for a total value of $39,281,220.22. Following the sale, the chief executive officer now directly owns 317,571 shares in the company, valued at $54,854,038.83. This trade represents a 41.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 568,962 shares of company stock worth $96,933,690 in the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Palo Alto Networks

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

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.

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.