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Palo Alto Networks | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-The Vanguard Group(8.74%)

SEC announcement ·  Feb 14 11:41
Summary by Futu AI
Palo Alto Networks Inc, a leading cybersecurity company, has been the subject of a recent Schedule 13G/A filing with the Securities and Exchange Commission (SEC) on December 29, 2023. The filing was made by The Vanguard Group, a prominent investment management company based in Pennsylvania. According to the amendment, The Vanguard Group now holds an aggregate amount of 27,568,500 shares in Palo Alto Networks, which represents 8.74% of the company's class of common stock. This position includes shared voting power over 412,260 shares and sole dispositive power over 26,235,869 shares, with an additional shared dispositive power over 1,332,631 shares. The filing indicates that these shares were acquired in the ordinary course of business and not with the intent of changing or influencing the control of Palo Alto Networks. The Vanguard Group's clients, including registered investment companies and other managed accounts, are the beneficiaries of the dividends from or proceeds from the sale of these securities. The filing was certified by Ashley Grim, Head of Global Fund Administration at The Vanguard Group, on February 13, 2024.
Palo Alto Networks Inc, a leading cybersecurity company, has been the subject of a recent Schedule 13G/A filing with the Securities and Exchange Commission (SEC) on December 29, 2023. The filing was made by The Vanguard Group, a prominent investment management company based in Pennsylvania. According to the amendment, The Vanguard Group now holds an aggregate amount of 27,568,500 shares in Palo Alto Networks, which represents 8.74% of the company's class of common stock. This position includes shared voting power over 412,260 shares and sole dispositive power over 26,235,869 shares, with an additional shared dispositive power over 1,332,631 shares. The filing indicates that these shares were acquired in the ordinary course of business and not with the intent of changing or influencing the control of Palo Alto Networks. The Vanguard Group's clients, including registered investment companies and other managed accounts, are the beneficiaries of the dividends from or proceeds from the sale of these securities. The filing was certified by Ashley Grim, Head of Global Fund Administration at The Vanguard Group, on February 13, 2024.
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