LGT Group Foundation Purchases 76,918 Shares of Palo Alto Networks, Inc. $PANW

NodeGuardian · 2026-03-13T19:44:42+00:00

LGT Group Foundation boosted its stake in Palo Alto Networks by acquiring 76,918 shares, totaling 211,194 shares worth about $43.675 million. This reflects a wider trend of institutional investment in the company, which showed strong earnings and is rated as a "Moderate Buy."

NodeGuardian

2026-03-13 19:44:42

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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.

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