Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionFranklin Resources Inc
Latest Disclosed Ownership2,759,034 shares
Latest Disclosed Value $ 442,328,278
Franklin Resources Inc reports 7.42% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 2,759,034 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $442,328,278 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 2,980,288 shares of Palo Alto Networks, Inc.. This represents a change in shares of -7.42% 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)
2026-05-13 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 2,759,034 -221,254 -7.42 442,328 -19.43 0.1083
2026-02-11 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 2,980,288 -1,057,032 -26.18 548,969 -33.22 0.1347
2025-11-13 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 4,037,320 17,394 0.43 822,079 -0.07 0.2050
2025-08-12 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 4,019,926 541,432 15.57 822,638 38.59 0.2181
2025-05-13 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 3,478,494 170,727 5.16 593,570 -1.38 0.1708
2025-02-12 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 3,307,767 1,660,001 100.74 601,881 -2.31 0.1671
2024-11-27 2024-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,647,766 -15,870 -0.95 616,116 9.24 0.1730
2024-11-12 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 1,647,766 -15,870 616,116 0.0297
2024-08-14 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 1,663,636 -574,589 -25.67 563,989 -11.31 0.1734
2024-05-13 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 2,238,225 527,282 30.82 635,947 26.05 0.2014
2024-02-09 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 1,710,943 137,514 8.74 504,523 36.77 0.2359
2023-11-13 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 1,573,429 452,026 40.31 368,875 28.74 0.1874
2023-08-11 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 1,121,403 -224,466 -16.68 286,530 6.59 0.1362
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 1,345,869 -31,413 -2.28 268,824 39.88 0.1349
2023-02-10 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 1,377,282 -155,971 -10.17 192,186 -23.47 0.0999
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 1,533,253 990,712 182.61 251,131 -6.29 0.1368
2022-08-11 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 542,541 128,666 31.09 267,982 4.01 0.1329
2022-05-13 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 413,875 249,885 152.38 257,641 182.18 0.1030
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 163,990 105,438 180.08 91,304 225.54 0.0329
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 58,552 41,329 239.96 28,047 338.85 0.0106
2021-08-13 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 17,223 10,319 149.46 6,391 187.49 0.0024
2021-05-13 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 6,904 190 2.83 2,223 -6.83 0.0009
2021-02-10 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 6,714 -1,707 -20.27 2,386 15.77 0.0010
2020-11-12 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 8,421 2,901 52.55 2,061 49.24 0.0010
2020-08-13 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 5,520 426 8.36 1,381 65.39 0.0007
2020-05-13 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 5,094 1,138 28.77 835 -8.64 0.0006
2020-03-11 2019-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 3,956 -118 -2.90 914 10.12 0.0005
2020-02-12 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 3,956 -118 914 115.4507
2019-11-14 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 4,074 -3,163 -43.71 830 -43.73 0.0005
2019-08-14 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 7,237 685 10.45 1,475 -7.29 0.0008
2019-05-15 2019-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 6,552 849 14.89 1,591 48.14 0.0009
2019-05-14 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 6,552 849 1,591
2019-02-12 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 5,703 -61,502 -91.51 1,074 -92.91 0.0006
2018-11-13 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 67,205 18,854 38.99 15,139 52.38 0.0075
2018-08-14 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 48,351 41,317 587.39 9,935 678.00 0.0051
2018-05-10 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 7,034 -982 -12.25 1,277 9.90 0.0006
2018-02-14 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 8,016 -559,992 -98.59 1,162 -98.58 0.0006
2017-11-13 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 568,008 -615,756 -52.02 81,831 -48.34 0.0401
2017-08-10 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 1,183,764 -224,197 -15.92 158,401 -0.16 0.0790
2017-05-12 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 1,407,961 -315,065 -18.29 158,650 -26.37 0.0805
2017-02-14 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 1,723,026 -470,622 -21.45 215,463 -38.35 0.1115
2016-11-14 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 2,193,648 -28,423 -1.28 349,473 28.23 0.1827
2016-08-11 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 2,222,071 335,624 17.79 272,540 -11.44 0.1466
2016-05-10 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 1,886,447 304,006 19.21 307,759 10.41 0.1634
2016-04-27 2015-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,582,441 131,018 9.03 278,742 11.65 0.1411
2016-02-12 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 1,582,441 278,742
2015-11-10 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 1,451,423 -33,498 -2.26 249,651 -3.76 0.1233
2015-08-12 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 1,484,921 134,541 9.96 259,416 31.51 0.1177
2015-05-14 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 1,350,380 209,914 18.41 197,262 41.12 0.0894
2015-02-10 2014-12-31 13F PALO ALTO NETWORKS COM 697435105 1,140,466 91,618 8.74 139,788 35.86 0.0634
2014-11-12 2014-09-30 13F PALO ALTO NETWORKS COM 697435105 1,048,848 26,522 2.59 102,890 20.03 0.0469
2014-08-12 2014-06-30 13F PALO ALTO NETWORKS COM 697435105 1,022,326 496,236 94.33 85,720 137.52 0.0378
2014-05-13 2014-03-31 13F PALO ALTO NETWORKS COM 697435105 526,090 -114,040 -17.82 36,090 -1.90 0.0170
2014-02-12 2013-12-31 13F PALO ALTO NETWORKS COM 697435105 640,130 -92,070 -12.57 36,788 9.65 0.0180
2013-11-14 2013-09-30 13F PALO ALTO NETWORKS COM 697435105 732,200 732,200 33,549 0.0179
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.