Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionHartland & Co., LLC
Latest Disclosed Ownership134,464 shares
Latest Disclosed Value $ 21,557,377
Hartland & Co., LLC reports 10.28% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 6, 2026 - Hartland & Co., LLC filed a 13F-HR form disclosing ownership of 134,464 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $21,557,377 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 121,928 shares of Palo Alto Networks, Inc.. This represents a change in shares of 10.28% 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)
2026-05-06 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 134,464 12,536 10.28 21,557 -4.02 0.1969
2026-02-09 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 121,928 2,128 1.78 22,459 -7.93 0.2831
2025-11-10 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 119,800 4,648 4.04 24,394 3.52 0.3201
2025-08-08 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 115,152 7,742 7.21 23,565 28.57 0.3310
2025-05-13 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 107,410 1,023 0.96 18,328 -5.32 0.2843
2025-02-10 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 106,387 55,481 108.99 19,358 11.26 0.2937
2024-11-13 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 50,906 1,658 3.37 17,400 4.22 0.2699
2024-08-12 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 49,248 37,497 319.10 16,695 370.15 0.2848
2024-05-14 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 11,751 1,853 18.72 3,552 21.69 0.1758
2024-02-12 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 9,898 62 0.63 2,919 26.59 0.1549
2023-11-13 2023-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 9,836 -54 -0.55 2,306 -8.75 0.1417
2023-11-07 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 9,836 -54 2,306 0.1268
2023-08-07 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 9,890 896 9.96 2,527 40.65 0.1532
2023-05-09 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 8,994 -496 -5.23 1,796 35.65 0.1308
2023-02-14 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 9,490 -71 -0.74 1,324 -15.45 0.1037
2022-11-15 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 9,561 6,665 230.15 1,566 9.51 0.1443
2022-08-12 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 2,896 810 38.83 1,430 10.08 0.1115
2022-05-04 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 2,086 288 16.02 1,299 29.77 0.0881
2022-02-14 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 1,798 253 16.38 1,001 35.27 0.0681
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 1,545 79 5.39 740 36.03 0.0552
2021-08-12 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 1,466 0 0.00 544 15.25 0.0419
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 1,466 62 4.42 472 -5.41 0.0393
2021-02-11 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 1,404 4 0.29 499 45.48 0.0454
2020-11-12 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 1,400 0 0.00 343 6.52 0.0368
2020-08-11 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 1,400 1,200 600.00 322 875.76 0.0372
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 200 200 33 0.0048
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.