Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionStephens Inc /ar/
Latest Disclosed Ownership84,486 shares
Latest Disclosed Value $ 13,576,000
Stephens Inc /ar/ reports 7.08% increase in ownership of PANW / Palo Alto Networks, Inc.

On April 28, 2026 - Stephens Inc /ar/ filed a 13F-HR form disclosing ownership of 84,486 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $13,576,000 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 78,900 shares of Palo Alto Networks, Inc.. This represents a change in shares of 7.08% 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)
2026-04-28 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 84,486 5,586 7.08 13,576 -6.94 0.1698
2026-02-05 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 78,900 -5,067 -6.03 14,589 -14.87 0.1815
2025-10-27 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 83,967 24,171 40.42 17,138 40.05 0.2184
2025-07-29 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 59,796 19,076 46.85 12,237 76.11 0.1682
2025-05-01 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 40,720 358 0.89 6,948 -5.39 0.1018
2025-01-28 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 40,362 19,677 95.13 7,344 3.88 0.1030
2024-10-28 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 20,685 -519 -2.45 7,070 -1.64 0.1003
2024-08-06 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 21,204 1,464 7.42 7,188 28.17 0.1097
2024-05-15 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 19,740 -3,229 -14.06 5,609 -17.20 0.0870
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 22,969 1,273 5.87 6,773 33.17 0.1168
2023-11-14 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 21,696 527 2.49 5,086 -5.95 0.0975
2023-08-14 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 21,169 3,844 22.19 5,409 56.30 0.0973
2023-05-15 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 17,325 1,180 7.31 3,460 53.64 0.0664
2023-02-14 2022-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 16,145 -1,328 -7.60 2,253 -21.31 0.0462
2023-01-25 2022-12-31 13F PALO ALTO NETWORKS OM 697435105 16,145 -1,328 2 0.0462
2022-11-02 2022-09-30 13F PALO ALTO NETWORKS OM 697435105 17,473 12,344 240.67 2,862 12.99 0.0611
2022-08-03 2022-06-30 13F PALO ALTO NETWORKS OM 697435105 5,129 -86 -1.65 2,533 -21.97 0.0511
2022-05-04 2022-03-31 13F PALO ALTO NETWORKS OM 697435105 5,215 394 8.17 3,246 20.94 0.0529
2022-03-07 2021-12-31 13F PALO ALTO NETWORKS OM 697435105 4,821 -381 -7.32 2,684 7.70 0.0406
2021-10-27 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 5,202 -510 -8.93 2,492 17.60 0.0385
2021-08-12 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 5,712 135 2.42 2,119 17.98 0.0317
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 5,577 140 2.57 1,796 -7.04 0.0295
2021-02-10 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 5,437 204 3.90 1,932 50.82 0.0347
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 5,233 -8 -0.15 1,281 6.40 0.0252
2020-08-24 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 5,241 113 2.20 1,204 43.16 0.0259
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 5,128 721 16.36 841 -17.47 0.0224
2020-02-14 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 4,407 -2,946 -40.07 1,019 -32.02 0.0213
2019-10-18 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 7,353 522 7.64 1,499 7.69 0.0330
2019-08-01 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 6,831 -480 -6.57 1,392 -21.62 0.0315
2019-05-03 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 7,311 1,225 20.13 1,776 54.97 0.0421
2019-02-11 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 6,086 881 16.93 1,146 -2.22 0.0325
2018-11-14 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 5,205 5,205 1,172 0.0292
2017-11-08 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -7,405 -100.00 0 -100.00
2017-08-10 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 7,405 654 9.69 991 30.22 0.0340
2017-05-11 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 6,751 -2,939 -30.33 761 -37.21 0.0277
2017-02-09 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 9,690 -38 -0.39 1,212 -21.81 0.0494
2016-11-30 2016-09-30 13F/A-2 PALO ALTO NETWORKS COM 697435105 9,728 -1,272 -11.56 1,550 14.90 0.0679
2016-11-10 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 9,728 1,550
2016-08-05 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 11,000 -5,057 -31.49 1,349 -48.51 0.0602
2016-05-05 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 16,057 8,223 104.97 2,620 89.86 0.1282
2016-02-10 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 7,834 2,007 34.44 1,380 37.72 0.0692
2015-11-03 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 5,827 -3,408 -36.90 1,002 -37.88 0.0522
2015-07-29 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 9,235 -532 -5.45 1,613 13.03 0.0732
2015-05-06 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 9,767 -1,186 -10.83 1,427 6.25 0.0650
2015-02-12 2014-12-31 13F PALO ALTO NETWORKS COM 697435105 10,953 -37,413 -77.35 1,343 -71.70 0.0636
2014-11-14 2014-09-30 13F PALO ALTO NETWORKS COM 697435105 48,366 1,887 4.06 4,745 21.76 0.2347
2014-08-15 2014-06-30 13F PALO ALTO NETWORKS COM 697435105 46,479 44,511 2,261.74 3,897 2,786.67 0.1963
2014-05-13 2014-03-31 13F PALO ALTO NETWORKS COM 697435105 1,968 1,933 5,522.86 135 6,650.00 0.0074
2014-02-14 2013-12-31 13F PALO ALTO NETWORKS COM 697435105 35 -10 -22.22 2 0.00 0.0001
2013-11-06 2013-09-30 13F PALO ALTO NETWORKS COM 697435105 45 0 0.00 2 0.00 0.0001
2013-08-12 2013-06-30 13F PALO ALTO NETWORKS COM 697435105 45 45 2 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.