Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionMontag A & Associates Inc
Latest Disclosed Ownership5,901 shares
Latest Disclosed Value $ 946,087
Montag A & Associates Inc reports 41.71% decrease in ownership of PANW / Palo Alto Networks, Inc.

On April 29, 2026 - Montag A & Associates Inc filed a 13F-HR form disclosing ownership of 5,901 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $946,087 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 10,123 shares of Palo Alto Networks, Inc.. This represents a change in shares of -41.71% 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)
2026-04-29 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 5,901 -4,222 -41.71 946 -49.25 0.0439
2026-02-02 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 10,123 -641 -5.96 1,865 -14.92 0.0851
2025-11-12 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 10,764 58 0.54 2,192 0.05 0.1008
2025-08-07 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 10,706 2,417 29.16 2,191 54.88 0.1067
2025-05-05 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 8,289 4,514 119.58 1,414 106.12 0.0707
2025-01-30 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 3,775 1,887 99.95 687 6.36 0.0326
2024-11-05 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 1,888 -7 -0.37 645 0.47 0.0305
2024-07-31 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 1,895 0 0.00 642 19.33 0.0324
2024-05-07 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 1,895 -1,458 -43.48 538 -45.55 0.0269
2024-02-07 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 3,353 -56 -1.64 989 23.65 0.0551
2023-11-09 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 3,409 239 7.54 799 -1.24 0.0504
2023-08-09 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 3,170 413 14.98 810 47.09 0.0499
2023-05-11 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 2,757 424 18.17 551 69.23 0.0360
2023-02-02 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 2,333 -4,023 -63.29 326 -68.78 0.0218
2022-11-09 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 6,356 5,919 1,354.46 1,041 381.94 0.0721
2022-08-10 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 437 -328 -42.88 216 -54.62 0.0140
2022-05-02 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 765 0 0.00 476 11.74 0.0253
2022-02-09 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 765 0 0.00 426 16.39 0.0210
2021-11-08 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 765 75 10.87 366 42.97 0.0197
2021-08-03 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 690 5 0.73 256 15.84 0.0136
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 685 0 0.00 221 -9.05 0.0124
2021-02-12 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 685 -737 -51.83 243 -30.17 0.0149
2020-11-12 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 1,422 -517 -26.66 348 -21.80 0.0281
2020-08-04 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 1,939 -17 -0.87 445 38.63 0.0389
2020-05-06 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 1,956 67 3.55 321 -26.54 0.0320
2020-02-05 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 1,889 0 0.00 437 13.51 0.0349
2019-11-04 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 1,889 -13,800 -87.96 385 -87.96 0.0335
2019-08-06 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 15,689 3,455 28.24 3,197 7.61 0.2850
2019-05-01 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 12,234 9,917 428.01 2,971 581.42 0.2755
2019-02-06 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 2,317 -512 -18.10 436 -31.55 0.0469
2018-11-07 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 2,829 20 0.71 637 10.40 0.0558
2018-08-08 2018-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 2,809 124 4.62 577 18.48 0.0592
2018-08-01 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 2,809 124 577
2018-05-07 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 2,685 2,685 487 0.0501
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.