What Does Palo Alto Networks' Stock Split Mean for Investors?

The cybersecurity firm said it would initiate a three-for-one split, meaning investors will receive an additional two shares for each one they alre...

September 17, 2022
6:24 AM

The cybersecurity firm said it would initiate a three-for-one split, meaning investors will receive an additional two shares for each one they already own.  Palo Alto had its initial public offering in July 2012 at $42.00 per share. The shares closed at $547.25 on Sept. 8 on a pre-split adjusted basis. Palo Alto Stock Split Date The Palo Alto stock split is set to take place after the market closes on Sept. 13. Palo Alto's Stock Split and What It Means The split won't affect Morningstar's fair value estimate of $590.

Jakir Hossain