Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionUnited Bank
Latest Disclosed Ownership13,362 shares
Latest Disclosed Value $ 2,142,196
United Bank reports 5.17% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 1, 2026 - United Bank filed a 13F-HR form disclosing ownership of 13,362 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $2,142,196 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 12,705 shares of Palo Alto Networks, Inc.. This represents a change in shares of 5.17% 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)
2026-05-01 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 13,362 657 5.17 2,142 -8.46 0.7125
2026-02-05 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 12,705 -1,733 -12.00 2,340 -20.38 0.7935
2025-11-12 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 14,438 83 0.58 2,940 0.07 1.0216
2025-07-29 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 14,355 -839 -5.52 2,938 13.31 1.1241
2025-05-06 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 15,194 -176 -1.15 2,593 -7.30 1.0714
2025-02-12 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 15,370 8,535 124.87 2,797 19.69 1.1813
2024-11-01 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 6,835 90 1.33 2,336 2.19 1.0776
2024-07-23 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 6,745 225 3.45 2,287 23.43 1.1412
2024-05-10 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 6,520 -280 -4.12 1,853 -7.63 0.9417
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 6,800 -73 -1.06 2,005 24.46 1.1062
2023-10-27 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 6,873 43 0.63 1,611 -7.68 0.9633
2023-08-07 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 6,830 -374 -5.19 1,745 21.35 0.9936
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 7,204 -866 -10.73 1,439 27.71 0.8429
2023-02-10 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 8,070 -1,500 -15.67 1,126 -28.14 0.6910
2022-11-10 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 9,570 6,597 221.90 1,567 6.74 1.0432
2022-08-05 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 2,973 151 5.35 1,468 -16.45 0.9118
2022-05-09 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 2,822 296 11.72 1,757 24.96 0.9314
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 2,526 19 0.76 1,406 17.07 0.7539
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 2,507 -149 -5.61 1,201 21.81 0.7617
2021-07-26 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 2,656 -32 -1.19 986 13.86 0.6642
2021-05-12 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 2,688 63 2.40 866 -7.18 0.6078
2021-02-11 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 2,625 424 19.26 933 73.10 0.6671
2020-11-10 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 2,201 764 53.17 539 63.33 0.4495
2020-08-05 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 1,437 1,437 330 0.3106
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.