Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionPrincipal Financial Group Inc
Latest Disclosed Ownership1,273,637 shares
Latest Disclosed Value $ 204,189,486
Principal Financial Group Inc reports 4.15% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 4, 2026 - Principal Financial Group Inc filed a 13F-HR form disclosing ownership of 1,273,637 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $204,189,486 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 1,222,845 shares of Palo Alto Networks, Inc.. This represents a change in shares of 4.15% 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)
2026-05-04 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 1,273,637 50,792 4.15 204,189 -9.35 0.0557
2026-02-02 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 1,222,845 54,269 4.64 225,248 -5.34 0.1150
2025-11-04 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 1,168,576 89,046 8.25 237,945 7.71 0.1200
2025-08-08 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 1,079,530 -36,676 -3.29 220,915 15.98 0.1168
2025-04-28 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 1,116,206 80,971 7.82 190,469 1.11 0.1069
2025-01-31 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 1,035,235 625,565 152.70 188,371 34.53 0.1027
2024-10-31 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 409,670 227 0.06 140,025 0.88 0.0771
2024-07-29 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 409,443 29,992 7.90 138,805 28.75 0.0824
2024-04-29 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 379,451 23,823 6.70 107,813 2.81 0.0634
2024-02-07 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 355,628 -25,327 -6.65 104,868 17.42 0.0669
2023-11-02 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 380,955 33,861 9.76 89,311 0.71 0.0642
2023-08-07 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 347,094 328,170 1,734.15 88,686 2,246.78 0.0606
2023-05-09 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 18,924 -24,622 -56.54 3,780 -37.80 0.0027
2023-02-09 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 43,546 46 0.11 6,076 -14.72 0.0046
2022-11-09 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 43,500 -13,870 -24.18 7,125 -74.86 0.0057
2022-08-10 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 57,370 -1,677 -2.84 28,337 -22.91 0.0210
2022-05-09 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 59,047 -3,329 -5.34 36,758 5.84 0.0146
2022-05-09 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 49,467 30,794
2022-02-09 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 62,376 154 0.25 34,729 16.52 0.0207
2021-11-09 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 62,222 16,123 34.97 29,804 74.24 0.0194
2021-08-10 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 46,099 34,513 297.89 17,105 358.46 0.0111
2021-05-10 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 11,586 237 2.09 3,731 -7.49 0.0026
2021-02-23 2020-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 11,349 -2,574 -18.49 4,033 18.34 0.0030
2021-02-08 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 11,349 -2,574 4,033 1,586.6444
2020-11-06 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 13,923 -627 -4.31 3,408 1.97 0.0029
2020-08-05 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 14,550 3,884 36.41 3,342 91.08 0.0030
2020-05-12 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 10,666 724 7.28 1,749 -23.92 0.0019
2020-02-05 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 9,942 -21,297 -68.17 2,299 -63.89 0.0019
2019-11-13 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 31,239 -16,475 -34.53 6,367 -34.51 0.0056
2019-08-12 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 47,714 -20,138 -29.68 9,722 -41.01 0.0087
2019-05-10 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 67,852 19,561 40.51 16,480 81.18 0.0154
2019-02-14 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 48,291 34,922 261.22 9,096 201.99 0.0097
2018-11-14 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 13,369 1,973 17.31 3,012 28.61 0.0027
2018-08-13 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 11,396 7,492 191.91 2,342 230.32 0.0022
2018-05-14 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 3,904 -299 -7.11 709 16.42 0.0007
2018-02-12 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 4,203 -322 -7.12 609 -6.60 0.0006
2017-11-02 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 4,525 -1,065 -19.05 652 -12.83 0.0006
2017-08-08 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 5,590 68 1.23 748 20.26 0.0007
2017-05-11 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 5,522 -343 -5.85 622 -15.14 0.0007
2017-02-13 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 5,865 -1,929 -24.75 733 -40.98 0.0009
2016-11-10 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 7,794 0 0.00 1,242 29.92 0.0016
2016-08-09 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 7,794 -685 -8.08 956 -30.87 0.0013
2016-05-10 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 8,479 -4,363 -33.97 1,383 -38.86 0.0020
2016-02-09 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 12,842 -29 -0.23 2,262 2.17 0.0034
2015-11-12 2015-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 12,871 -1,001 -7.22 2,214 -8.63 0.0035
2015-11-09 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 12,871 2,214
2015-08-10 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 13,872 9,498 217.15 2,423 279.19 0.0036
2015-05-14 2015-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 4,374 -677 -13.40 639 3.23 0.0010
2015-05-12 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 4,374 639
2015-02-12 2014-12-31 13F PALO ALTO NETWORKS COM 697435105 5,051 5,051 619 0.0010
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.