Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionCIBC Asset Management Inc
Latest Disclosed Ownership406,756 shares
Latest Disclosed Value $ 65,211,122
CIBC Asset Management Inc reports 11.64% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 12, 2026 - CIBC Asset Management Inc filed a 13F-HR form disclosing ownership of 406,756 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $65,211,122 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 364,357 shares of Palo Alto Networks, Inc.. This represents a change in shares of 11.64% 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)
2026-05-12 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 406,756 42,399 11.64 65,211 -2.84 0.1594
2026-02-10 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 364,357 82,160 29.11 67,115 16.80 0.1620
2025-10-31 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 282,197 5,028 1.81 57,461 1.31 0.1664
2025-08-14 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 277,169 -5,056 -1.79 56,720 17.78 0.1754
2025-05-13 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 282,225 -3,310 -1.16 48,159 -7.31 0.1598
2025-01-31 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 285,535 151,671 113.30 51,956 13.55 0.1703
2024-11-06 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 133,864 -26 -0.02 45,755 0.80 0.1484
2024-08-01 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 133,890 -51 -0.04 45,390 19.27 0.1615
2024-05-09 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 133,941 2,990 2.28 38,057 -1.45 0.1320
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 130,951 -6,033 -4.40 38,615 20.24 0.1442
2023-10-30 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 136,984 3,073 2.29 32,115 -6.14 0.1331
2023-08-14 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 133,911 17,933 15.46 34,216 47.70 0.1312
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 115,978 13,462 13.13 23,165 61.94 0.0919
2023-02-13 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 102,516 54,486 113.44 14,305 81.84 0.0601
2022-11-03 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 48,030 31,250 186.23 7,867 -5.08 0.0345
2022-08-09 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 16,780 -2,271 -11.92 8,288 -30.11 0.0336
2022-05-06 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 19,051 2,730 16.73 11,859 30.51 0.0416
2022-02-08 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 16,321 11,074 211.05 9,087 261.60 0.0333
2021-11-09 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 5,247 423 8.77 2,513 40.39 0.0101
2021-08-16 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 4,824 27 0.56 1,790 15.86 0.0072
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 4,797 -1 -0.02 1,545 -9.38 0.0066
2021-02-03 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 4,798 -24 -0.50 1,705 44.49 0.0080
2020-11-05 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 4,822 42 0.88 1,180 7.47 0.0060
2020-07-28 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 4,780 -1,008 -17.42 1,098 15.70 0.0064
2020-04-30 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 5,788 -1,145 -16.52 949 -40.80 0.0067
2020-02-14 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 6,933 274 4.11 1,603 18.13 0.0091
2019-10-30 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 6,659 -1,660 -19.95 1,357 -19.94 0.0080
2019-08-05 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 8,319 241 2.98 1,695 -13.61 0.0101
2019-05-06 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 8,078 2,188 37.15 1,962 76.92 0.0122
2019-02-12 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 5,890 257 4.56 1,109 -12.61 0.0081
2018-11-02 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 5,633 -103 -1.80 1,269 7.63 0.0078
2018-08-09 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 5,736 432 8.14 1,179 22.43 0.0074
2018-04-30 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 5,304 -207 -3.76 963 20.53 0.0063
2018-02-02 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 5,511 796 16.88 799 17.67 0.0049
2017-11-06 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 4,715 -233 -4.71 679 2.57 0.0042
2017-07-27 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 4,948 1,360 37.90 662 63.86 0.0046
2017-05-12 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 3,588 -223 -5.85 404 -15.30 0.0028
2017-02-08 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 3,811 40 1.06 477 -20.63 0.0034
2016-10-19 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 3,771 0 0.00 601 30.09 0.0044
2016-08-02 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 3,771 58 1.56 462 -23.76 0.0035
2016-05-09 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 3,713 243 7.00 606 -0.82 0.0045
2016-02-02 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 3,470 501 16.87 611 19.57 0.0050
2015-11-03 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 2,969 -18 -0.60 511 -2.11 0.0041
2015-08-06 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 2,987 68 2.33 522 22.54 0.0036
2015-05-08 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 2,919 846 40.81 426 67.72 0.0030
2015-02-10 2014-12-31 13F PALO ALTO NETWORKS COM 697435105 2,073 -279 -11.86 254 9.96 0.0017
2014-11-05 2014-09-30 13F PALO ALTO NETWORKS COM 697435105 2,352 -776 -24.81 231 7.44 0.0014
2014-05-09 2014-03-31 13F PALO ALTO NETWORKS COM 697435105 3,128 3,128 215 0.0013
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.