Palo Alto Networks approves additional $1.0 billion stock buyback
On March 10, 2026, the Board approved repurchases of up to an additional $1.0 billion of common stock, an increase to the existing $4.1 billion authorization, which had $0.0 million remaining as of March 6, 2026. The company said it repurchased $1.0 billion of stock on the open market between February 20 and February 24, 2026, about 6.8 million shares at an average price of $147.69. Shareholders should note the buyback can be suspended at any time, and the company had approximately 811 million shares outstanding as of March 6, 2026.
Key points
- Board approved up to an additional $1.0 billion in share repurchases on March 10, 2026.
- Prior $4.1 billion authorization had $0.0 million left as of March 6, 2026.
- Company bought about 6.8 million shares for $1.0 billion at an average of $147.69 from February 20 to February 24, 2026.
- Authorization expires December 31, 2026 and may be suspended or discontinued at any time without prior notice.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.