Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionPanagora Asset Management Inc
Latest Disclosed Ownership222,077 shares
Latest Disclosed Value $ 35,603,385
Panagora Asset Management Inc reports 38.08% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - Panagora Asset Management Inc filed a 13F-HR form disclosing ownership of 222,077 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $35,603,385 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 358,627 shares of Palo Alto Networks, Inc.. This represents a change in shares of -38.08% 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)
2026-05-14 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 222,077 -136,550 -38.08 35,603 -46.10 0.1334
2026-02-13 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 358,627 -172,488 -32.48 66,059 -38.92 0.2341
2025-11-13 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 531,115 -16,829 -3.07 108,146 -3.55 0.4357
2025-08-13 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 547,944 536,094 4,524.00 112,131 5,445.55 0.5054
2025-05-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 11,850 -729 -5.80 2,022 -11.63 0.0101
2025-02-13 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 12,579 212 1.71 2,289 -45.87 0.0106
2024-11-13 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 12,367 -812 -6.16 4,227 -5.37 0.0202
2024-07-29 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 13,179 -3,755 -22.17 4,468 -7.15 0.0225
2024-05-07 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 16,934 -284,796 -94.39 4,811 -94.59 0.0251
2024-02-08 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 301,730 34,480 12.90 88,974 42.01 0.4977
2023-10-31 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 267,250 -27,335 -9.28 62,654 -16.76 0.3891
2023-08-11 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 294,585 1,643 0.56 75,269 28.64 0.4434
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 292,942 46,907 19.07 58,512 70.43 0.3698
2023-02-13 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 246,035 193,451 367.89 34,332 298.60 0.2252
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 52,584 35,649 210.50 8,613 2.96 0.0597
2022-08-15 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 16,935 12,294 264.90 8,365 189.55 0.0548
2022-05-12 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 4,641 -3,496 -42.96 2,889 -36.23 0.0157
2022-02-10 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 8,137 -11,037 -57.56 4,530 -50.68 0.0240
2021-11-10 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 19,174 16,572 636.89 9,184 851.71 0.0491
2021-08-11 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 2,602 531 25.64 965 44.68 0.0052
2021-05-12 2021-03-31 13F PALO ALTO NETWORKS COMMON 697435105 2,071 -1,802 -46.53 667 -51.53 0.0037
2021-02-10 2020-12-31 13F PALO ALTO NETWORKS COMMON 697435105 3,873 560 16.90 1,376 69.67 0.0081
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COMMON 697435105 3,313 -223 -6.31 811 -0.12 0.0051
2020-08-12 2020-06-30 13F PALO ALTO NETWORKS COMMON 697435105 3,536 25 0.71 812 40.97 0.0052
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COMMON 697435105 3,511 0 0.00 576 -29.06 0.0041
2020-02-12 2019-12-31 13F PALO ALTO NETWORKS COMMON 697435105 3,511 0 0.00 812 13.41 0.0037
2019-11-12 2019-09-30 13F PALO ALTO NETWORKS COMMON 697435105 3,511 -30,518 -89.68 716 -89.67 0.0033
2019-08-09 2019-06-30 13F PALO ALTO NETWORKS COMMON 697435105 34,029 -61,165 -64.25 6,934 -70.01 0.0310
2019-05-15 2019-03-31 13F PALO ALTO NETWORKS COMMON 697435105 95,194 13,036 15.87 23,121 49.42 0.1028
2019-02-14 2018-12-31 13F PALO ALTO NETWORKS COMMON 697435105 82,158 516 0.63 15,474 -15.86 0.0720
2018-11-13 2018-09-30 13F PALO ALTO NETWORKS COMMON 697435105 81,642 36,000 78.87 18,391 96.11 0.0692
2018-08-14 2018-06-30 13F PALO ALTO NETWORKS COMMON 697435105 45,642 22,109 93.95 9,378 119.52 0.0372
2018-05-15 2018-03-31 13F PALO ALTO NETWORKS COMMON 697435105 23,533 21,706 1,188.07 4,272 1,512.08 0.0169
2018-02-14 2017-12-31 13F PALO ALTO NETWORKS COMMON 697435105 1,827 346 23.36 265 24.41 0.0010
2017-11-14 2017-09-30 13F PALO ALTO NETWORKS COMMON 697435105 1,481 806 119.41 213 136.67 0.0008
2017-08-14 2017-06-30 13F PALO ALTO NETWORKS COMMON 697435105 675 0 0.00 90 18.42 0.0004
2017-05-15 2017-03-31 13F PALO ALTO NETWORKS COMMON 697435105 675 0 0.00 76 -9.52 0.0003
2017-02-14 2016-12-31 13F PALO ALTO NETWORKS COMMON 697435105 675 0 0.00 84 -22.22 0.0004
2016-11-14 2016-09-30 13F PALO ALTO NETWORKS COMMON 697435105 675 -30,353 -97.82 108 -97.16 0.0005
2016-08-15 2016-06-30 13F PALO ALTO NETWORKS COMMON 697435105 31,028 -28,017 -47.45 3,805 -60.50 0.0189
2016-05-16 2016-03-31 13F PALO ALTO NETWORKS COMMON 697435105 59,045 11,195 23.40 9,633 14.30 0.0478
2016-02-12 2015-12-31 13F PALO ALTO NETWORKS COMMON 697435105 47,850 47,850 0.00 8,428 0.0415
2015-11-13 2015-09-30 13F PALO ALTO NETWORKS COMMON 697435105 0 -819 -100.00 0 -100.00
2015-08-14 2015-06-30 13F PALO ALTO NETWORKS COMMON 697435105 819 283 52.80 143 361.29 0.0007
2014-02-21 2013-12-31 13F PALO ALTO NETWORKS COMMON 697435105 536 0 0.00 31 24.00 0.0001
2013-11-14 2013-09-30 13F PALO ALTO NETWORKS COMMON 697435105 536 0 0.00 25 8.70 0.0001
2013-08-14 2013-06-30 13F PALO ALTO NETWORKS COMMON 697435105 536 536 23 0.0001
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.