Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionJennison Associates Llc
Latest Disclosed Ownership723,848 shares
Ownership 0.80%
Jennison Associates Llc ownership in PANW / Palo Alto Networks, Inc.

2018-02-05 - Jennison Associates Llc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 723,848 shares of Palo Alto Networks, Inc. (CH:PANW). This represents 0.8 percent ownership of the company. In their previous filing dated 2017-02-03 , Jennison Associates Llc had reported owning 5,339,441 shares, indicating a decrease of -86.44 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2018-02-05 2018-02-05 13G/A 5,339,441 723,848 -86.44 0.80 -86.21
2017-02-03 2017-02-03 13G 5,339,441 5.80

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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 48,340 -28,568 -37.15 7,750 -45.30 0.0053
2026-01-30 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 76,908 23,990 45.33 14,167 31.47 0.0085
2025-10-30 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 52,918 13,177 33.16 10,775 32.50 0.0063
2025-08-01 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 39,741 9,825 32.84 8,133 59.33 0.0048
2025-05-05 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 29,916 -5,729,773 -99.48 5,105 -99.51 0.0036
2025-01-24 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 5,759,689 2,612,474 83.01 1,048,033 -2.57 0.6364
2024-11-08 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 3,147,215 1,050,173 50.08 1,075,718 51.31 0.6678
2024-08-05 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 2,097,042 -717,839 -25.50 710,918 -11.11 0.4557
2024-05-02 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 2,814,881 198,078 7.57 799,792 3.65 0.5348
2024-02-01 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 2,616,803 1,187,915 83.14 771,643 130.35 0.5750
2023-10-31 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 1,428,888 -668,576 -31.88 334,989 -37.49 0.2844
2023-08-03 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 2,097,464 96,315 4.81 535,923 34.08 0.4396
2023-04-26 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 2,001,149 652,439 48.38 399,710 112.39 0.3666
2023-02-09 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 1,348,710 -822,911 -37.89 188,199 -47.09 0.1907
2022-11-01 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 2,171,621 1,532,582 239.83 355,690 12.69 0.3537
2022-08-02 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 639,039 508,194 388.39 315,647 287.53 0.3150
2022-05-11 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 130,845 -15,414 -10.54 81,452 0.03 0.0600
2022-02-08 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 146,259 -454 -0.31 81,431 15.87 0.0516
2021-11-09 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 146,713 719 0.49 70,276 29.73 0.0454
2021-08-12 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 145,994 -2,827 -1.90 54,171 13.02 0.0359
2021-05-11 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 148,821 -13,240 -8.17 47,929 -16.78 0.0351
2021-02-05 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 162,061 -25,954 -13.80 57,595 25.16 0.0411
2020-11-04 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 188,015 70,894 60.53 46,017 71.07 0.0370
2020-08-06 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 117,121 10,311 9.65 26,899 53.59 0.0243
2020-05-06 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 106,810 -47,408 -30.74 17,513 -50.89 0.0213
2020-02-07 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 154,218 -40,608 -20.84 35,663 -10.19 0.0360
2019-11-08 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 194,826 -65,573 -25.18 39,711 -25.16 0.0419
2019-08-06 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 260,399 -46,281 -15.09 53,059 -28.77 0.0531
2019-05-10 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 306,680 -53,205 -14.78 74,486 9.89 0.0740
2019-02-06 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 359,885 -52,701 -12.77 67,784 -27.07 0.0758
2018-11-08 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 412,586 -70,069 -14.52 92,939 -6.28 0.0856
2018-08-02 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 482,655 -88,697 -15.52 99,171 -4.38 0.0967
2018-04-20 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 571,352 -152,496 -21.07 103,712 -1.15 0.1031
2018-01-25 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 723,848 -150,108 -17.18 104,915 -16.69 0.1036
2017-11-03 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 873,956 -65,273 -6.95 125,937 0.21 0.1290
2017-08-04 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 939,229 -1,944,356 -67.43 125,678 -61.32 0.1333
2017-08-02 2017-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 2,883,585 -2,457,484 -46.01 324,922 -51.35 0.3486
2017-04-28 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 2,883,585 -2,457,484 324,922
2017-08-02 2016-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 5,341,069 28,536 0.54 667,901 -21.09 0.7457
2017-02-06 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 5,339,441 667,697
2016-11-01 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 5,312,533 543,980 11.41 846,446 44.74 0.9124
2016-08-03 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 4,768,553 1,163,146 32.26 584,815 -0.57 0.6416
2016-05-03 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 3,605,407 1,448,460 67.15 588,186 54.82 0.6173
2016-02-10 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 2,156,947 136,208 6.74 379,925 9.31 0.3729
2015-11-06 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 2,020,739 2,020,739 347,567 0.3699
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.