American Century Companies Inc. Boosts Palo Alto Networks Stake

Investment firm increases holdings in cybersecurity company by over 134%

Published on Mar. 2, 2026

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American Century Companies Inc. has significantly increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW), a leading cybersecurity firm. According to a recent SEC filing, the investment firm boosted its holdings in Palo Alto Networks by 134.1% during the third quarter, now owning approximately 672,129 shares worth $136.9 million.

Why it matters

Palo Alto Networks is a prominent player in the growing cybersecurity industry, providing a range of products and services to protect enterprises from cyber threats. The substantial increase in American Century's investment signals their confidence in the company's long-term growth potential as businesses continue to prioritize robust cybersecurity measures.

The details

American Century Companies Inc. acquired an additional 384,985 shares of Palo Alto Networks during the third quarter, bringing its total holdings to 672,129 shares. This represents approximately 0.10% of the network technology company's outstanding stock. The investment firm's increased stake in Palo Alto Networks is part of a broader strategy to capitalize on the growing demand for cybersecurity solutions as organizations face evolving cyber threats.

  • American Century Companies Inc. disclosed the increased stake in Palo Alto Networks in a filing with the SEC on March 2, 2026.

The players

American Century Companies Inc.

An investment management firm that offers a range of mutual funds, exchange-traded funds, and other investment products to individual and institutional investors.

Palo Alto Networks, Inc.

A leading cybersecurity company that develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints.

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The takeaway

The significant increase in American Century's investment in Palo Alto Networks underscores the growing importance of cybersecurity as businesses continue to face evolving cyber threats. This move highlights the investment firm's confidence in Palo Alto Networks' ability to capitalize on the industry's growth and maintain its position as a leading provider of comprehensive security solutions.