Rep. Josh Gottheimer Sells Off Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Palo Alto Networks, Inc. (NASDAQ:PANW). In a filing disclosed on March 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palo Alto Networks stock on February 27th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 1/30/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 1/27/2026.
• Sold $1,001 – $15,000 in shares of Schneider National (NYSE:SNDR) on 1/26/2026.
• Purchased $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 1/26/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 1/26/2026.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 12/17/2025.

Palo Alto Networks Stock Down 4.0%

NASDAQ PANW traded down $6.79 on Friday, hitting $162.95. The stock had a trading volume of 16,441,470 shares, compared to its average volume of 10,364,629. The company’s 50-day moving average is $167.77 and its two-hundred day moving average is $188.72. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $223.61. The stock has a market cap of $132.97 billion, a price-to-earnings ratio of 90.03, a P/E/G ratio of 5.88 and a beta of 0.78.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Wednesday, February 18th. The network technology company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Hedge Funds Weigh In On Palo Alto Networks

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the last quarter. State Street Corp raised its holdings in Palo Alto Networks by 2.0% in the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after acquiring an additional 594,789 shares during the period. Bank of America Corp DE lifted its position in Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after acquiring an additional 2,065,776 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after acquiring an additional 540,756 shares during the period. Finally, Norges Bank acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at about $1,415,364,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,768 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $191.03, for a total value of $23,070,311.04. Following the completion of the sale, the executive vice president owned 298,887 shares in the company, valued at approximately $57,096,383.61. This trade represents a 28.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Goetz sold 22,684 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $164.41, for a total value of $3,729,476.44. Following the transaction, the director owned 52,500 shares in the company, valued at $8,631,525. This represents a 30.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 149,252 shares of company stock worth $27,888,535 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PANW. Barclays set a $200.00 price target on Palo Alto Networks and gave the stock an “overweight” rating in a research report on Monday, February 9th. HSBC lowered their price target on Palo Alto Networks from $157.00 to $114.00 in a report on Thursday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 18th. Wolfe Research increased their target price on shares of Palo Alto Networks from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.19.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.