State Street Corp Buys 1,493,179 Shares of Palo Alto Networks, Inc. $PANW

State Street Corp increased its stake in Palo Alto Networks by 4.2% in Q2 2026, acquiring an additional 1.49 million shares, bringing its total holdings to 36.98 million shares, representing 4.52% of the company. The company received a "Moderate Buy" consensus rating from analysts with a $390.02 target price, driven by strong quarterly results ($1.02 EPS, $3.41 billion revenue) and new AI-driven security services. Despite a high P/E ratio of 728 and recent insider selling, institutional investor