Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionBowen Hanes & Co Inc
Latest Disclosed Ownership524,331 shares
Latest Disclosed Value $ 84,060,746
Bowen Hanes & Co Inc reports 3.69% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - Bowen Hanes & Co Inc filed a 13F-HR form disclosing ownership of 524,331 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $84,060,746 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 505,656 shares of Palo Alto Networks, Inc.. This represents a change in shares of 3.69% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 524,331 18,675 3.69 84,061 90,287.10 2.0470
2026-02-10 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 505,656 -1,875 -0.37 93 -99.91 2.3370
2025-11-10 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 507,531 -395 -0.08 103,343 -0.58 2.5874
2025-08-12 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 507,926 900 0.18 103,942 20.14 2.6226
2025-05-14 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 507,026 119 0.02 86,519 -6.20 2.4068
2025-02-10 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 506,907 253,965 100.40 92,237 6.69 2.4731
2024-11-12 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 252,942 -455 -0.18 86,456 0.64 2.2684
2024-08-12 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 253,397 1,318 0.52 85,904 120,891.55 2.3793
2024-05-13 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 252,079 2,059 0.82 72 -99.90 2.0459
2024-02-12 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 250,020 -4,860 -1.91 73,726 23.38 2.2229
2023-11-13 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 254,880 -7,620 -2.90 59,754 -10.91 2.0109
2023-08-14 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 262,500 -2,575 -0.97 67,071 26.68 2.1483
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 265,075 -6,699 -2.46 52,946 39.61 1.8194
2023-02-09 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 271,774 21,265 8.49 37,923 -7.57 1.3448
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 250,509 178,653 248.63 41,031 15.60 1.5866
2022-08-12 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 71,856 13,134 22.37 35,493 -2.91 1.2871
2022-05-12 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 58,722 3,500 6.34 36,555 18.90 1.0903
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 55,222 13,222 31.48 30,745 52.82 0.8674
2021-11-15 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 42,000 42,000 20,118 0.6178
2020-02-13 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 0 -105,000 -100.00 0 -100.00
2019-11-13 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 105,000 -10,000 -8.70 21,402 -8.66 0.9096
2019-08-13 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 115,000 -3 -0.00 23,432 -16.11 1.0078
2019-05-13 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 115,003 3 0.00 27,932 28.96 1.2364
2019-02-13 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 115,000 35,000 43.75 21,660 20.19 1.0903
2018-11-07 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 80,000 80,000 18,021 0.7935
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.