Mar. 11 at 8:51 PM
$PANW Palo Alto Networks announces additional
$1B share repurchase program
In a regulatory filing, the company said, "On March 10, 2026, the Board of Directors of Palo Alto Networks approved the repurchase of up to an additional
$1.0 billion of the company's common stock. This authorization is an increase to the existing
$4.1 billion repurchase authorization, which was originally approved by the company's Board of Directors in February 2019 and extended in December 2020, August 2021, August 2022, November 2023, August 2024, and November 2025, of which
$0.0 million remained available as of March 6, 2026. The company repurchased
$1.0 billion of its common stock on the open market during February 20 and February 24, 2026, totaling approximately 6.8 million shares at an average price of
$147.69 per share.
The authorization allows the company to repurchase shares of its common stock opportunistically and will be funded from available working capital. Repurchases may be made at management's discretion from time to time in open market purchases, privately negotiated transactions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The repurchase authorization period will expire on December 31, 2026 and may be suspended or discontinued by the company at any time without prior notice. The company had approximately 811 million shares of common stock outstanding as of March 6, 2026."
