Up more than 10% year-to-date (YTD) and about 20% in the past 12 months, cybersecurity firm Palo Alto Networks (NASDAQ: PANW) has weathered the initial storm of tariff uncertainty well. In a sign of support for PANW, institutional investors have taken a particular interest in the firm in recent months.
In the first quarter alone, for example, HighPoint Advisor Group bulked up its stake by 20%, Crestwood Advisors Group by 18%, and J.W. Cole Advisors by 81%, among others. In the last 12 months, institutional buyers of Palo Alto shares have outnumbered institutional sellers nearly three to one, while institutional inflows have outpaced outflows by a similar margin. Institutional ownership for the company is roughly 80%.
