LGT Group Foundation significantly increased its stake in Palo Alto Networks, purchasing an additional 76,918 shares, bringing its total to 211,194 shares valued at approximately $43.675 million. This move is part of a broader trend of institutional investors, including Norges Bank and Vanguard, raising their positions in the cybersecurity company, which now has 79.82% institutional ownership. Palo Alto Networks recently exceeded its Q3 earnings expectations and provided strong FY2026 guidance, with analysts currently rating the stock a “Moderate Buy” with a target price of $210.19.
LGT Group Foundation Purchases 76,918 Shares of Palo Alto Networks, Inc. $PANW
LGT Group Foundation significantly increased its stake in Palo Alto Networks, purchasing an additional 76,918 shares, bringing its total to 211,194 shares valued at approximately $43.675 million. This move is part of a broader trend of institutional investors, including Norges Bank and Vanguard, raising their positions in the cybersecurity company, which now has 79.82% institutional ownership. Palo Alto Networks recently exceeded its Q3 earnings expectations and provided strong FY2026 guidance, with analysts currently rating the stock a “Moderate Buy” with a target price of $210.19.