5 Stocks That May Be Splitting Soon

4. Palo Alto Networks, Inc. (NASDAQ:PANW)

Latest Market Capitalization: $108 billion

Split Officially Announced? No

Palo Alto Networks, Inc. (NASDAQ:PANW) is another technology company. Headquartered in Santa Clara, California, it provides customers with the ability to fortify their networks against threats. The shares are rated Strong Buy on average but the average analyst share price target of $325.31 is lower than the current market price.

For their third quarter of 2023 shareholdings, 79 out of the 910 hedge funds surveyed by Insider Monkey had held a stake in the firm. Palo Alto Networks, Inc. (NASDAQ:PANW)’s largest stakeholder among these is Ken Griffin’s Citadel Investment Group as it owns $563 million worth of shares.

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