Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionGradient Investments LLC
Latest Disclosed Ownership179,381 shares
Latest Disclosed Value $ 28,758,352
Gradient Investments LLC reports 3.73% increase in ownership of PANW / Palo Alto Networks, Inc.

On April 13, 2026 - Gradient Investments LLC filed a 13F-HR form disclosing ownership of 179,381 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $28,758,352 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 8, 2026 disclosing 172,928 shares of Palo Alto Networks, Inc.. This represents a change in shares of 3.73% 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)
2026-04-13 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 179,381 6,453 3.73 28,758 -9.72 0.4455
2026-01-08 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 172,928 9,182 5.61 31,853 -4.46 0.5056
2025-10-06 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 163,746 11,226 7.36 33,342 6.82 0.5567
2025-07-08 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 152,520 7,423 5.12 31,212 26.06 0.5706
2025-04-09 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 145,097 19,572 15.59 24,759 8.40 0.4994
2025-01-21 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 125,525 60,982 94.48 22,841 3.54 0.4625
2024-10-15 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 64,543 -16,201 -20.06 22,061 -19.41 0.4597
2024-07-18 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 80,744 7,560 10.33 27,373 31.65 0.6147
2024-04-23 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 73,184 -3,131 -4.10 20,794 -7.60 0.4822
2024-01-18 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 76,315 975 1.29 22,504 27.41 0.5442
2023-10-27 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 75,340 4,493 6.34 17,663 -2.43 0.4662
2023-07-11 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 70,847 -5,873 -7.66 18,102 18.13 0.4662
2023-04-17 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 76,720 7,291 10.50 15,324 58.18 0.4178
2023-01-10 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 69,429 3,896 5.95 9,688 -9.74 0.3054
2022-10-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 65,533 39,848 155.14 10,734 -15.39 0.3283
2022-07-11 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 25,685 -6,033 -19.02 12,687 -35.75 0.3704
2022-05-26 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 31,718 -1,125 -3.43 19,745 7.98 0.5072
2022-01-12 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 32,843 30 0.09 18,286 16.35 0.4636
2021-10-18 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 32,813 -1,660 -4.82 15,717 22.88 0.4403
2021-07-12 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 34,473 1,843 5.65 12,791 21.71 0.3743
2021-04-21 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 32,630 32,574 58,167.86 10,509 74,964.29 0.3417
2021-01-08 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 56 0 0.00 14 0.00 0.0006
2020-10-06 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 56 0 0.00 14 7.69 0.0006
2020-07-10 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 56 -4 -6.67 13 30.00 0.0006
2020-04-07 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 60 -5 -7.69 10 -33.33 0.0005
2020-01-15 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 65 -52 -44.44 15 -37.50 0.0007
2019-10-10 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 117 -22 -15.83 24 -14.29 0.0012
2019-07-16 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 139 -2,714 -95.13 28 -95.96 0.0014
2019-04-11 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 2,853 -1,107 -27.95 693 -7.10 0.0448
2019-01-18 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 3,960 3,952 49,400.00 746 37,200.00 0.0448
2018-10-11 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 8 0 0.00 2 0.00 0.0001
2018-08-09 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 8 0 0.00 2 100.00 0.0001
2018-04-10 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 8 -2 -20.00 1 0.00 0.0001
2018-02-07 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 10 10 1 0.0001
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.