Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionDnB Asset Management AS
Latest Disclosed Ownership177,088 shares
Latest Disclosed Value $ 28,390,748
DnB Asset Management AS reports 26.00% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - DnB Asset Management AS filed a 13F-HR form disclosing ownership of 177,088 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $28,390,748 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 140,548 shares of Palo Alto Networks, Inc.. This represents a change in shares of 26.00% 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 177,088 36,540 26.00 28,391 9.66 0.1012
2026-02-05 2025-12-31 13F Palo Alto Networks COM 697435105 140,548 6,200 4.61 25,889 -5.36 0.0903
2025-11-12 2025-09-30 13F Palo Alto Networks COM 697435105 134,348 10,550 8.52 27,356 7.98 0.1023
2025-08-12 2025-06-30 13F Palo Alto Networks COM 697435105 123,798 17,882 16.88 25,334 40.18 0.1050
2025-05-15 2025-03-31 13F Palo Alto Networks common 697435105 105,916 -9,527 -8.25 18,074 -13.97 0.0833
2025-02-12 2024-12-31 13F Palo Alto Networks COM 697435105 115,443 60,478 110.03 21,007 11.82 0.0909
2024-11-12 2024-09-30 13F Palo Alto Networks COM 697435105 54,965 -29,878 -35.22 18,787 -34.68 0.0848
2024-07-05 2024-06-30 13F Palo Alto Networks common 697435105 84,843 2,598 3.16 28,763 23.08 0.1372
2024-04-12 2024-03-31 13F Palo Alto Networks common 697435105 82,245 -18,568 -18.42 23,368 -21.39 0.1218
2024-01-04 2023-12-31 13F Palo Alto Networks common 697435105 100,813 33,514 49.80 29,728 88.42 0.1543
2023-10-13 2023-09-30 13F Palo Alto Networks common 697435105 67,299 9,121 15.68 15,778 6.14 0.0943
2023-07-10 2023-06-30 13F/A-1 Palo Alto Networks common 697435105 58,178 580 1.01 14,865 29.22 0.0855
2023-07-06 2023-06-30 13F Palo Alto Networks common 697435105 58,178 580 14,865 0.0875
2023-04-20 2023-03-31 13F Palo Alto Networks common 697435105 57,598 2,010 3.62 11,505 48.32 0.0729
2023-01-12 2022-12-31 13F Palo Alto Networks common 697435105 55,588 727 1.33 7,757 -13.67 0.0547
2022-10-11 2022-09-30 13F Palo Alto Networks common 697435105 54,861 36,298 195.54 8,985 -2.02 0.0693
2022-07-08 2022-06-30 13F Palo Alto Networks common 697435105 18,563 94 0.51 9,169 -20.25 0.0645
2022-04-08 2022-03-31 13F Palo Alto Networks common 697435105 18,469 1,647 9.79 11,497 22.77 0.0684
2022-01-12 2021-12-31 13F Palo Alto Networks common 697435105 16,822 1,050 6.66 9,366 23.97 0.0550
2021-10-15 2021-09-30 13F Palo Alto Networks common 697435105 15,772 520 3.41 7,555 33.49 0.0491
2021-07-06 2021-06-30 13F Palo Alto Networks common 697435105 15,252 -22,753 -59.87 5,659 -53.76 0.0375
2021-04-15 2021-03-31 13F Palo Alto Networks common 697435105 38,005 4,622 13.85 12,240 3.17 0.0893
2021-01-19 2020-12-31 13F Palo Alto Networks common 697435105 33,383 -3,576 -9.68 11,864 31.16 0.1040
2020-10-14 2020-09-30 13F Palo Alto Networks common 697435105 36,959 1,268 3.55 9,046 10.35 0.0962
2020-07-08 2020-06-30 13F Palo Alto Networks common 697435105 35,691 -3,268 -8.39 8,197 28.34 0.0963
2020-04-17 2020-03-31 13F Palo Alto Networks common 697435105 38,959 -956 -2.40 6,388 -30.80 0.0940
2020-01-13 2019-12-31 13F Palo Alto Networks common 697435105 39,915 29,860 296.97 9,230 350.46 0.0907
2019-10-16 2019-09-30 13F Palo Alto Networks common 697435105 10,055 10,055 2,050 0.0231
2019-07-08 2019-06-30 13F Palo Alto Networks common 697435105 0 -10,610 -100.00 0 -100.00
2019-04-11 2019-03-31 13F Palo Alto Networks common 697435105 10,610 -356 -3.25 2,577 24.75 0.0294
2019-01-15 2018-12-31 13F Palo Alto Networks common 697435105 10,966 -1,000 -8.36 2,065 -23.38 0.0268
2018-10-10 2018-09-30 13F Palo Alto Networks common 697435105 11,966 1,366 12.89 2,695 23.79 0.0303
2018-07-06 2018-06-30 13F Palo Alto Networks common 697435105 10,600 400 3.92 2,178 17.61 0.0257
2018-04-11 2018-03-31 13F Palo Alto Networks common 697435105 10,200 10,200 1,852 0.0223
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.