Royal London Asset Management 13F: Adds $18M to PANW Stake

Royal London Asset Management has increased its stake in Palo Alto Networks, Inc. (NasdaqGS: PANW) by 16.5%, according to its latest filing with the SEC. The asset manager added 54,233 shares during the reporting period, bringing its total holdings to 382,331 shares, valued at approximately $112.1 million.

What Changed in Royal London Asset Management's Palo Alto Networks Position

Royal London Asset Management boosted its position in Palo Alto Networks, increasing its holdings by 16.5% from 328,098 shares to 382,331 shares. This addition of 54,233 shares reflects a vote of confidence in the cybersecurity company, with the stake now valued at around $112.1 million.

Other Institutional Activity in Palo Alto Networks

Several other major institutional investors also adjusted their positions in Palo Alto Networks. BlackRock, Inc. increased its holdings by 12,868,452 shares, ending with 72,431,433 shares valued at about $11.6 billion, marking a 21.6% increase. Vanguard Capital Management LLC opened a new position with 52,765,656 shares valued at approximately $8.5 billion. State Street Corp added 5,154,613 shares, growing its stake by 17.0% to 35,486,318 shares worth about $5.7 billion. Morgan Stanley increased its position by 1,855,974 shares, reaching a total of 32,318,958 shares, a 6.1% increase.

Palo Alto Networks, Inc. Stock Down 11.5%

On Saturday, shares of Palo Alto Networks traded near $293.09. The company has a substantial market cap of $247.9 billion and a P/E ratio of 266.8, with a forward P/E of 73.9. Its beta is 0.942, indicating lower volatility compared to the market. The stock's 52-week range is between $139.57 and $306.24, with a 50-day moving average of $237.56 and a 200-day moving average of $198.57.

Recent Earnings

Palo Alto Networks reported revenue of $10.6 billion, with a growth rate of 31.1%. The company's EPS stands at $1.14, with a net margin of 7.95% and a return on equity of 4.83%. The next earnings report is expected on August 18, 2026.

Insider Buying and Selling at Palo Alto Networks, Inc.

Several insiders have recently sold shares of Palo Alto Networks. On June 23, 2026, CFO Dipak Golechha sold 5,000 shares at an average price of $289.57 as part of a planned transaction. Other notable sales include James Goetz, who sold 20,000 shares at $279.90 on June 12, 2026.

Analysts Set New Price Targets

On June 3, 2026, Citigroup maintained its buy rating for Palo Alto Networks, setting a price target of $340. UBS kept a hold rating with a target of $300, while Mizuho, Morgan Stanley, and BNP Paribas all maintained buy ratings with targets of $305, $320, and $330, respectively. The consensus among analysts is a buy rating, with an average target price of $310.32, based on 50 opinions.

About Palo Alto Networks

Palo Alto Networks, Inc. is a leading provider of cybersecurity solutions, headquartered in Santa Clara, California. The company offers a range of products and services designed to secure networks and cloud environments, including its Prisma Access and Cortex platforms. Led by CEO Nikesh Arora, the company operates globally, serving various sectors such as healthcare, finance, and government, with a workforce of over 21,000 employees.

Bottom Line

Royal London Asset Management's increased stake in Palo Alto Networks signals confidence in the company's growth prospects. While 13F filings like this provide a snapshot of past investments, they remain an important tool for tracking institutional sentiment. Investors will continue to watch Palo Alto Networks for its performance in the dynamic cybersecurity market.