Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionHeritage Trust Co
Latest Disclosed Ownership17,678 shares
Latest Disclosed Value $ 2,834,134
Heritage Trust Co reports 42.24% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 13, 2026 - Heritage Trust Co filed a 13F-HR form disclosing ownership of 17,678 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $2,834,134 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 12,428 shares of Palo Alto Networks, Inc.. This represents a change in shares of 42.24% 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 COMMON STOCK 697435105 17,678 5,250 42.24 2,834 23.81 0.1634
2026-02-10 2025-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 12,428 -993 -7.40 2,289 -16.22 0.2330
2025-11-12 2025-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 13,421 742 5.85 2,733 5.32 0.2896
2025-08-12 2025-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 12,679 473 3.88 2,595 24.59 0.2996
2025-05-09 2025-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 12,206 1,514 14.16 2,083 7.04 0.2525
2025-02-13 2024-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 10,692 5,180 93.98 1,946 4.12 0.2291
2024-08-12 2024-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,512 -127 -2.25 1,869 16.60 0.2464
2024-05-10 2024-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,639 481 9.33 1,602 5.39 0.2146
2024-02-09 2023-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,158 0 0.00 1,521 25.72 0.2141
2023-11-08 2023-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,158 -151 -2.84 1,209 -10.84 0.1887
2023-08-11 2023-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,309 -128 -2.35 1,357 24.98 0.1985
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,437 -2,026 -27.15 1,086 4.23 0.1708
2023-02-10 2022-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 7,463 -56 -0.74 1,041 -15.43 0.1696
2022-11-10 2022-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 7,519 5,058 205.53 1,231 1.23 0.2152
2022-08-11 2022-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,461 -24 -0.97 1,216 -21.40 0.1991
2022-05-11 2022-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,485 -467 -15.82 1,547 -5.90 0.2187
2022-02-09 2021-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,952 -3 -0.10 1,644 16.18 0.2108
2021-11-09 2021-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,955 0 0.00 1,415 29.11 0.1991
2021-08-09 2021-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,955 440 17.50 1,096 35.31 0.1567
2021-05-12 2021-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,515 -219 -8.01 810 -16.67 0.1235
2021-02-11 2020-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,734 0 0.00 972 45.29 0.1575
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,734 107 4.07 669 10.95 0.1247
2020-08-04 2020-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 2,627 2,627 603 0.1181
2019-05-15 2019-03-31 13F PALO ALTO NETWORKS INC COM COMMON STOCK 697435105 0 -35 -100.00 0 -100.00
2019-01-18 2018-12-31 13F PALO ALTO NETWORKS INC COM COMMON STOCK 697435105 35 -10 -22.22 7 -30.00 0.0029
2018-11-14 2018-09-30 13F PALO ALTO NETWORKS INC COM COMMON STOCK 697435105 45 0 0.00 10 11.11 0.0036
2018-08-15 2018-06-30 13F PALO ALTO NETWORKS INC COM COMMON STOCK 697435105 45 45 9 0.0034
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.