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Legal & General Group Plc Increases Stake in Palo Alto Networks
Institutional investor boosts position in cybersecurity firm by 0.2%
Published on Mar. 10, 2026
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Legal & General Group Plc, a major institutional investor, increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.2% in the third quarter, according to a recent SEC filing. The firm now owns 5,440,431 shares of the network technology company's stock, representing 0.80% ownership.
Why it matters
Palo Alto Networks is a leading cybersecurity firm, providing a broad suite of security products and services to protect enterprises from cyber threats. The increase in ownership by a major institutional investor like Legal & General Group Plc suggests confidence in the company's growth prospects and market position.
The details
According to the filing, Legal & General Group Plc purchased an additional 10,751 shares of Palo Alto Networks during the third quarter, bringing its total ownership to 5,440,431 shares. This represents a 0.2% increase in the firm's position in the company.
- The increase in ownership occurred during the third quarter of the company's fiscal year.
The players
Legal & General Group Plc
A major institutional investor and financial services company based in the United Kingdom.
Palo Alto Networks, Inc.
A leading cybersecurity firm that develops a broad suite of security products and services to protect enterprises from cyber threats.
The takeaway
The increase in ownership by Legal & General Group Plc in Palo Alto Networks reflects the institutional investor's confidence in the cybersecurity firm's growth potential and market position. This news highlights the continued investor interest in the cybersecurity sector as enterprises seek to protect their networks and data from evolving cyber threats.
