Palo Alto Networks, Inc.
US ˙ NasdaqGS ˙ US6974351057

SecurityPANW / Palo Alto Networks, Inc.
InstitutionMorse Asset Management, Inc
Latest Disclosed Ownership21,541 shares
Latest Disclosed Value $ 3,453,453
Morse Asset Management, Inc reports 27.88% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - Morse Asset Management, Inc filed a 13F-HR form disclosing ownership of 21,541 shares of Palo Alto Networks, Inc. (US:PANW) valued at $3,453,453 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 29,868 shares of Palo Alto Networks, Inc.. This represents a change in shares of -27.88% during the quarter. The current value of the position is $5,860,229 USD.

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 INC COM Stock 697435105 21,541 -8,327 -27.88 3,453 -37.23 0.7178
2026-02-03 2025-12-31 13F PALO ALTO NETWORKS INC COM Stock 697435105 29,868 -124 -0.41 5,502 -9.91 1.0997
2025-11-14 2025-09-30 13F PALO ALTO NETWORKS INC COM Stock 697435105 29,992 -636 -2.08 6,107 -2.57 1.2187
2025-08-15 2025-06-30 13F PALO ALTO NETWORKS INC COM Stock 697435105 30,628 -459 -1.48 6,268 18.16 1.3734
2025-05-05 2025-03-31 13F PALO ALTO NETWORKS INC COM Stock 697435105 31,087 -7,735 -19.92 5,305 -24.92 1.3390
2025-02-14 2024-12-31 13F PALO ALTO NETWORKS INC COM Stock 697435105 38,822 19,829 104.40 7,064 8.83 1.6138
2024-11-20 2024-09-30 13F/A-1 PALO ALTO NETWORKS INC COM Stock 697435105 18,993 -125 -0.65 6,492 108,083.33 1.4012
2024-11-14 2024-09-30 13F PALO ALTO NETWORKS INC COM Stock 697435105 19,033 -85 7 1.4011
2024-08-14 2024-06-30 13F Palo Alto Networks COM 697435105 19,118 18 0.09 6 20.00 1.5717
2024-05-15 2024-03-31 13F Palo Alto Networks COM 697435105 19,100 1,401 7.92 5 0.00 1.3848
2024-02-15 2023-12-31 13F Palo Alto Networks COM 697435105 17,699 -2,481 -12.29 5 25.00 1.5362
2023-11-13 2023-09-30 13F Palo Alto Networks COM 697435105 20,180 308 1.55 5 -20.00 1.4967
2023-08-14 2023-06-30 13F Palo Alto Networks COM 697435105 19,872 569 2.95 5 66.67 1.5441
2023-05-03 2023-03-31 13F Palo Alto Networks COM 697435105 19,303 -671 -3.36 4 50.00 1.3030
2023-02-08 2022-12-31 13F Palo Alto Networks COM 697435105 19,974 -2,250 -10.12 3 -99.95 1.0124
2022-11-14 2022-09-30 13F Palo Alto Networks COM 697435105 22,224 15,047 209.66 3,640 2.68 1.3742
2022-08-11 2022-06-30 13F Palo Alto Networks COM 697435105 7,177 135 1.92 3,545 -19.14 1.1375
2022-05-12 2022-03-31 13F Palo Alto Networks COM 697435105 7,042 1,912 37.27 4,384 53.50 1.0898
2022-02-14 2021-12-31 13F Palo Alto Networks COM 697435105 5,130 5,130 2,856 0.6379
2020-05-01 2020-03-31 13F Palo Alto Networks COM 697435105 0 -4,198 -100.00 0 -100.00
2020-01-31 2019-12-31 13F Palo Alto Networks COM 697435105 4,198 726 20.91 971 37.15 0.3329
2019-11-05 2019-09-30 13F Palo Alto Networks COM 697435105 3,472 -1,200 -25.68 708 -25.63 0.2646
2019-08-01 2019-06-30 13F Palo Alto Networks COM 697435105 4,672 -8,074 -63.35 952 -69.25 0.2804
2019-05-02 2019-03-31 13F Palo Alto Networks COM 697435105 12,746 7,304 134.22 3,096 202.05 0.9282
2019-02-13 2018-12-31 13F Palo Alto Networks COM 697435105 5,442 -7,461 -57.82 1,025 -64.74 0.3640
2018-11-01 2018-09-30 13F Palo Alto Networks COM 697435105 12,903 1,695 15.12 2,907 26.23 0.7661
2018-08-15 2018-06-30 13F Palo Alto Networks COM 697435105 11,208 3,313 41.96 2,303 60.71 0.6311
2018-05-02 2018-03-31 13F Palo Alto Networks COM 697435105 7,895 7,895 1,433 0.3969
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.