Rep. Dan Newhouse Sells Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

Key Points

• Rep. Dan Newhouse disclosed selling Palo Alto Networks shares worth between $1,001 and $15,000 on July 10 through his Edward Jones IRA, according to a filing released July 17.
• PANW shares were down 2.8% in the session described, even as the stock remained near its highs, with a 52-week range of $139.57 to $368.80.
• The company recently posted better-than-expected quarterly results, beating EPS and revenue estimates, and analysts remain broadly positive with a Moderate Buy consensus and average target price of $327.74.

Representative Dan Newhouse (Republican-Washington) recently sold shares of Palo Alto Networks, Inc. NASDAQ: PANW. In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palo Alto Networks stock on July 10th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Deere & Company NYSE: DE on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/10/2026.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Hershey NYSE: HSY on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Fortinet NASDAQ: FTNT on 7/10/2026.
• Sold $1,001 - $15,000 in shares of Magna International NYSE: MGA on 7/10/2026.
• Purchased $1,001 - $15,000 in shares of Accenture NYSE: ACN on 7/10/2026.

Palo Alto Networks Trading Down 2.8%

NASDAQ PANW opened at $348.66 on Tuesday. The stock has a market capitalization of $284.16 billion, a P/E ratio of 285.79, a P/E/G ratio of 13.32 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80. The firm has a 50-day moving average price of $292.74 and a 200 day moving average price of $213.62. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The firm's revenue for the quarter was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Activity at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James J. Goetz sold 20,000 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Palo Alto Networks

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its stake in shares of Palo Alto Networks by 15.0% in the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after acquiring an additional 53,485 shares during the last quarter. Aviva PLC increased its holdings in Palo Alto Networks by 5.4% during the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock valued at $104,774,000 after purchasing an additional 29,230 shares in the last quarter. Granite Islands Private Wealth LLC increased its holdings in Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after purchasing an additional 4,659 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in Palo Alto Networks by 8.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company's stock valued at $8,926,000 after purchasing an additional 3,926 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in Palo Alto Networks in the 4th quarter valued at $1,554,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PANW shares. Northland Securities lifted their price target on Palo Alto Networks from $190.00 to $302.00 and gave the company a "market perform" rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Citigroup reaffirmed a "buy" rating and issued a $400.00 target price (up from $340.00) on shares of Palo Alto Networks in a report on Monday, July 13th. Berenberg Bank boosted their price target on Palo Alto Networks from $290.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Finally, TD Cowen reissued a "buy" rating and set a $330.00 price target (up from $255.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus target price of $327.74.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Palo Alto Networks Company Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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