Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionNicholas Company, Inc.
Latest Disclosed Ownership344,380 shares
Latest Disclosed Value $ 55,211,002
Nicholas Company, Inc. reports 53.98% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 4, 2026 - Nicholas Company, Inc. filed a 13F-HR form disclosing ownership of 344,380 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $55,211,002 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 223,650 shares of Palo Alto Networks, Inc.. This represents a change in shares of 53.98% 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-04 2026-03-31 13F Palo Alto Networks COM 697435105 344,380 120,730 53.98 55,211 34.02 1.0834
2026-02-04 2025-12-31 13F Palo Alto Networks COM 697435105 223,650 0 0.00 41,196 -9.54 0.7215
2025-11-12 2025-09-30 13F Palo Alto Networks COM 697435105 223,650 -43,467 -16.27 45,540 -16.69 0.7728
2025-08-05 2025-06-30 13F Palo Alto Networks COM 697435105 267,117 -17,735 -6.23 54,663 12.46 0.9150
2025-05-08 2025-03-31 13F Palo Alto Networks COM 697435105 284,852 -42,032 -12.86 48,607 -18.28 0.8417
2025-02-10 2024-12-31 13F Palo Alto Networks COM 697435105 326,884 136,582 71.77 59,480 -8.56 0.9632
2024-11-12 2024-09-30 13F Palo Alto Networks COM 697435105 190,302 -1,430 -0.75 65,045 0.07 1.0583
2024-07-24 2024-06-30 13F Palo Alto Networks COM 697435105 191,732 -50 -0.03 64,999 19.28 1.0814
2024-05-14 2024-03-31 13F Palo Alto Networks COM 697435105 191,782 -45,903 -19.31 54,491 -22.25 0.9004
2024-02-13 2023-12-31 13F Palo Alto Networks COM 697435105 237,685 -27,700 -10.44 70,089 12.65 1.2407
2024-02-13 2023-09-30 13F/A-1 Palo Alto Networks COM 697435105 265,385 -14,360 -5.13 62,217 -12.96 1.2454
2023-11-13 2023-09-30 13F Palo Alto Networks COM 697435105 265,385 -14,360 62,217 1.2454
2024-02-13 2023-06-30 13F/A-2 Palo Alto Networks COM 697435105 279,745 -90,420 -24.43 71,478 -3.33 1.3677
2023-10-31 2023-06-30 13F/A-1 Palo Alto Networks COM 697435105 279,745 -90,420 71,478 1.3677
2023-08-08 2023-06-30 13F Palo Alto Networks COM 697435105 279,745 -90,420 71,478 1.3677
2024-02-13 2023-03-31 13F/A-1 Palo Alto Networks COM 697435105 370,165 -8,280 -2.19 73,937 40.01 1.4999
2023-05-11 2023-03-31 13F Palo Alto Networks COM 697435105 370,165 -8,280 73,937 1.4999
2024-02-13 2022-12-31 13F/A-1 Palo Alto Networks COM 697435105 378,445 -65 -0.02 52,808 -14.82 1.1297
2023-02-09 2022-12-31 13F Palo Alto Networks COM 697435105 378,445 -65 52,808 1.1297
2024-02-13 2022-09-30 13F/A-1 Palo Alto Networks COM 697435105 378,510 236,725 166.96 61,996 -11.48 1.4190
2022-11-14 2022-09-30 13F Palo Alto Networks COM 697435105 378,510 236,725 61,996 1.4190
2024-02-13 2022-06-30 13F/A-1 Palo Alto Networks COM 697435105 141,785 -12,375 -8.03 70,033 -27.02 1.5295
2022-07-26 2022-06-30 13F Palo Alto Networks COM 697435105 141,785 -12,375 70,033 1.5295
2024-02-13 2022-03-31 13F/A-1 Palo Alto Networks COM 697435105 154,160 -9,015 -5.52 95,966 5.63 1.7119
2022-05-11 2022-03-31 13F Palo Alto Networks COM 697435105 154,160 -9,015 95,966 1.7119
2022-02-11 2021-12-31 13F Palo Alto Networks COM 697435105 163,175 -10 -0.01 90,849 16.23 1.4788
2021-11-15 2021-09-30 13F Palo Alto Networks COM 697435105 163,185 -155 -0.09 78,166 28.97 1.3772
2021-08-12 2021-06-30 13F Palo Alto Networks COM 697435105 163,340 116,290 247.16 60,607 299.97 1.0648
2021-05-14 2021-03-31 13F Palo Alto Networks COM 697435105 47,050 -10,900 -18.81 15,153 -26.42 0.2831
2021-02-10 2020-12-31 13F Palo Alto Networks COM 697435105 57,950 -1,720 -2.88 20,595 41.02 0.3899
2020-11-13 2020-09-30 13F Palo Alto Networks COM 697435105 59,670 -340 -0.57 14,604 5.96 0.3075
2020-08-13 2020-06-30 13F Palo Alto Networks COM 697435105 60,010 -565 -0.93 13,782 38.76 0.3170
2020-05-13 2020-03-31 13F Palo Alto Networks COM 697435105 60,575 -145,540 -70.61 9,932 -79.16 0.2809
2020-02-13 2019-12-31 13F Palo Alto Networks COM 697435105 206,115 -55 -0.03 47,664 13.42 1.0042
2019-11-14 2019-09-30 13F Palo Alto Networks COM 697435105 206,170 45,635 28.43 42,024 28.47 0.9469
2019-08-13 2019-06-30 13F Palo Alto Networks COM 697435105 160,535 100,640 168.03 32,711 124.86 0.7274
2019-05-14 2019-03-31 13F Palo Alto Networks COM 697435105 59,895 -11,310 -15.88 14,547 8.47 0.3444
2019-02-14 2018-12-31 13F Palo Alto Networks COM 697435105 71,205 7,400 11.60 13,411 -6.69 0.3494
2019-02-14 2018-09-30 13F/A-1 Palo Alto Networks COM 697435105 63,805 -12,280 -16.14 14,372 -8.07 0.3140
2018-11-14 2018-09-30 13F Palo Alto Networks COM 697435105 63,805 -12,280 14,372
2018-08-14 2018-06-30 13F Palo Alto Networks COM 697435105 76,085 -300 -0.39 15,633 12.75 0.3653
2018-05-14 2018-03-31 13F Palo Alto Networks COM 697435105 76,385 10,885 16.62 13,865 46.05 0.3152
2018-02-14 2017-12-31 13F Palo Alto Networks COM 697435105 65,500 15,115 30.00 9,493 30.76 0.2064
2017-11-14 2017-09-30 13F Palo Alto Networks COM 697435105 50,385 15,210 43.24 7,260 54.27 0.1617
2017-08-10 2017-06-30 13F Palo Alto Networks COM 697435105 35,175 35,175 4,706 0.1046
2015-05-13 2015-03-31 13F Palo Alto Networks COM 697435105 0 -17,720 -100.00 0 -100.00
2015-02-13 2014-12-31 13F Palo Alto Networks COM 697435105 17,720 -7,535 -29.84 2,171 -12.35 0.0445
2014-11-12 2014-09-30 13F Palo Alto Networks COM 697435105 25,255 0 0.00 2,477 17.01 0.0583
2014-08-14 2014-06-30 13F Palo Alto Networks COM 697435105 25,255 15 0.06 2,117 22.30 0.0503
2014-05-12 2014-03-31 13F/A-1 Palo Alto Networks COM 697435105 25,240 100 0.40 1,731 19.88 0.0418
2014-05-09 2014-03-31 13F Palo Alto Networks COM 697435105 25,240 1,450
2014-02-07 2013-12-31 13F Palo Alto Networks COM 697435105 25,140 0 0.00 1,444 25.46 0.0351
2013-11-14 2013-09-30 13F Palo Alto Networks COM 697435105 25,140 5,015 24.92 1,151 35.73 0.0308
2013-08-07 2013-06-30 13F Palo Alto Networks COM 697435105 20,125 20,125 848 0.0259
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.