Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionVirtue Capital Management, LLC
Latest Disclosed Ownership3,198 shares
Latest Disclosed Value $ 493,611
Virtue Capital Management, LLC reports 31.93% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 7, 2026 - Virtue Capital Management, LLC filed a 13F-HR form disclosing ownership of 3,198 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $493,611 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 18, 2026 disclosing 2,424 shares of Palo Alto Networks, Inc.. This represents a change in shares of 31.93% 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)
2026-05-07 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 3,198 774 31.93 494 13.59 0.0749
2026-02-18 2025-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 2,424 716 41.92 435 3.09 0.0670
2026-02-12 2025-12-31 13F NRG ENERGY COM NEW 697435105 6,508 2,861 1,081 0.1666
2026-02-18 2025-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,708 -592 -25.74 422 -10.43 0.0672
2025-10-31 2025-09-30 13F NRG ENERGY COM NEW 697435105 3,647 1,347 743 0.1183
2025-08-13 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 2,300 -2,452 -51.60 471 -41.90 0.0866
2025-05-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 4,752 1,410 42.19 810 33.06 0.0947
2025-02-26 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 3,342 1,652 97.75 608 5.37 0.1224
2024-11-18 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 1,690 70 4.32 578 5.87 0.1156
2024-08-13 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 1,620 548 51.12 546 81.06 0.0935
2024-05-15 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 1,072 -617 -36.53 302 -36.90 0.0542
2024-02-15 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 1,689 -353 -17.29 478 -9.32 0.0968
2023-11-14 2023-09-30 13F PALO ALTO NETWORKS INC COM COM 697435105 2,042 0 0.00 527 0.00 0.0897
2023-07-18 2023-06-30 13F PALO ALTO NETWORKS INC COM COM 697435105 2,042 -179 -8.06 527 28.92 0.0899
2023-05-11 2023-03-31 13F PALO ALTO NETWORKS INC COM COM 697435105 2,221 -820 -26.96 408 -3.77 0.0668
2023-02-10 2022-12-31 13F PALO ALTO NETWORKS INC COM COM 697435105 3,041 1,474 94.07 424 64.98 0.0648
2022-11-15 2022-09-30 13F PALO ALTO NETWORKS INC COM COM 697435105 1,567 1,001 176.86 257 -8.21 0.0404
2022-08-10 2022-06-30 13F PALO ALTO NETWORKS INC COM COM 697435105 566 -4,101 -87.87 280 -90.36 0.0440
2022-05-16 2022-03-31 13F PALO ALTO NETWORKS INC COM COM 697435105 4,667 1,577 51.04 2,906 68.95 0.4578
2022-01-24 2021-12-31 13F PALO ALTO NETWORKS INC COM COM 697435105 3,090 -38 -1.21 1,720 14.82 0.2537
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS INC COM COM 697435105 3,128 4 0.13 1,498 29.25 0.2652
2021-07-15 2021-06-30 13F PALO ALTO NETWORKS INC COM COM 697435105 3,124 184 6.26 1,159 22.39 0.2315
2021-05-13 2021-03-31 13F PALO ALTO NETWORKS INC COM COM 697435105 2,940 140 5.00 947 -4.82 0.2228
2021-02-16 2020-12-31 13F PALO ALTO NETWORKS INC COM COM 697435105 2,800 -32 -1.13 995 43.58 0.2441
2020-11-16 2020-09-30 13F PALO ALTO NETWORKS INC COM COM 697435105 2,832 750 36.02 693 44.98 0.1706
2020-08-10 2020-06-30 13F PALO ALTO NETWORKS INC COM COM 697435105 2,082 2,082 478 0.1102
2020-05-13 2020-03-31 13F PALO ALTO NETWORKS INC COM COM 697435105 0 -1,311 -100.00 0 -100.00
2020-02-14 2019-12-31 13F PALO ALTO NETWORKS INC COM COM 697435105 1,311 200 18.00 303 34.07 0.0874
2019-11-12 2019-09-30 13F PALO ALTO NETWORKS INC COM COM 697435105 1,111 1,111 226 0.0745
2019-02-13 2018-12-31 13F Palo Alto Networks Com COM 697435105 0 -19,234 -100.00 0 -100.00
2019-02-13 2018-09-30 13F PALO ALTO NETWORKS COM COM 697435105 19,234 12,142 171.21 4,333 197.39 0.9155
2018-08-14 2018-06-30 13F Palo Alto Networks Com COM 697435105 7,092 7,092 1,457 0.7082
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.