Palo Alto Networks Joins Tel Aviv 35 and 125 Indices with 5% Weight from August 2026

Palo Alto Networks' stock will be added to Israel's leading stock indices, the Tel Aviv 35 and Tel Aviv 125, during the quarterly parameter update scheduled for August 6, 2026. The maximum weight allocated to Palo Alto in both indices will be 5%. This decision follows the indices' rules limiting the combined weight of foreign stocks linked to the same country to 8%. Consequently, the Tel Aviv Stock Exchange's index committee set Palo Alto's maximum weight in the TA-35 at 5%. Additionally, the weight cap for Ormat Technologies, another American company already included in the indices, will be reduced from 4% to 3%, with its current actual weight around 2.7%. Palo Alto's weight cap in the TA-125 will also be 5%, the highest allowed for a stock in this index. Without the combined weight restriction, Palo Alto's cap would have been 7%, the maximum for stocks in the index.

According to index rules, the weight of a newly added stock increases gradually: at the time of inclusion in August, Palo Alto's actual weight will be 25% of its full weight, rising to 50% in the November update, and reaching full weight in the third update after inclusion. Palo Alto Networks is traded on Wall Street with a market capitalization of $287 billion, equivalent to approximately 861 billion shekels on the Tel Aviv Stock Exchange. The stock began trading on the local exchange in February 2024. The company was founded by Israeli entrepreneur Nir Zuk.