Palo Alto Networks, Inc.
US ˙ NasdaqGS ˙ US6974351057

SecurityPANW / Palo Alto Networks, Inc.
InstitutionTd Asset Management Inc
Latest Disclosed Ownership541,434 shares
Latest Disclosed Value $ 86,802,699
Td Asset Management Inc reports 35.87% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 11, 2026 - Td Asset Management Inc filed a 13F-HR form disclosing ownership of 541,434 shares of Palo Alto Networks, Inc. (US:PANW) valued at $86,802,699 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 398,503 shares of Palo Alto Networks, Inc.. This represents a change in shares of 35.87% during the quarter. The current value of the position is $147,297,120 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)
2026-05-11 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 541,434 142,931 35.87 86,803 18.25 0.0377
2026-02-10 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 398,503 28,232 7.62 73,404 -2.64 0.0591
2025-11-10 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 370,271 5,129 1.40 75,395 0.90 0.0612
2025-07-28 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 365,142 -631 -0.17 74,723 19.72 0.0638
2025-05-07 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 365,773 -201 -0.05 62,416 -6.27 0.0574
2025-02-11 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 365,974 191,462 109.71 66,593 13.65 0.0589
2024-11-01 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 174,512 7,292 4.36 58,592 3.36 0.0517
2024-08-02 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 167,220 9,260 5.86 56,689 26.31 0.0529
2024-05-08 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 157,960 7,092 4.70 44,881 0.89 0.0418
2024-02-12 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 150,868 13,410 9.76 44,488 38.05 0.0437
2023-10-27 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 137,458 6,403 4.89 32,226 -3.76 0.0390
2023-08-09 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 131,055 4,391 3.47 33,486 32.36 0.0381
2023-05-10 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 126,664 7,445 6.24 25,300 52.08 0.0305
2023-02-07 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 119,219 41,168 52.75 16,636 28.71 0.0205
2022-11-07 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 78,051 52,146 201.30 12,924 1.01 0.0162
2022-08-04 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 25,905 21,085 437.45 12,795 326.50 0.0148
2022-05-10 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 4,820 -23,223 -82.81 3,000 -80.79 0.0018
2022-05-10 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 26,896 16,743
2022-02-10 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 28,043 4,011 16.69 15,613 35.64 0.0131
2021-11-09 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 24,032 1,138 4.97 11,511 26.00 0.0120
2021-08-11 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 22,894 2,582 12.71 9,136 39.65 0.0093
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 20,312 3,049 17.66 6,542 6.63 0.0073
2021-02-16 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 17,263 1,665 10.67 6,135 60.69 0.0074
2020-11-10 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 15,598 8,527 120.59 3,818 135.10 0.0053
2020-08-13 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 7,071 413 6.20 1,624 48.72 0.0023
2020-05-15 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 6,658 -13,682 -67.27 1,092 -76.79 0.0018
2020-02-11 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 20,340 1,168 6.09 4,704 20.37 0.0068
2019-11-07 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 19,172 -6,982 -26.70 3,908 -26.67 0.0060
2019-08-01 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 26,154 24,459 1,443.01 5,329 1,193.45 0.0080
2019-05-08 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 1,695 73 4.50 412 34.64 0.0006
2019-02-01 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 1,622 497 44.18 306 20.95 0.0005
2018-11-01 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 1,125 1 0.09 253 9.52 0.0004
2018-07-31 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 1,124 -7 -0.62 231 12.68 0.0004
2018-05-11 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 1,131 1,131 205 0.0003
2017-11-09 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -58,951 -100.00 0 -100.00
2017-08-01 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 58,951 53,494 980.28 7,888 1,182.60 0.0124
2017-05-05 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 5,457 -6,740 -55.26 615 -59.67 0.0010
2017-02-08 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 12,197 -57,812 -82.58 1,525 -86.33 0.0026
2016-11-02 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 70,009 30,998 79.46 11,155 133.17 0.0193
2016-08-04 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 39,011 -18,700 -32.40 4,784 -49.19 0.0087
2016-05-05 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 57,711 36,500 172.08 9,415 152.01 0.0176
2016-02-04 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 21,211 7,500 54.70 3,736 58.44 0.0074
2015-11-12 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 13,711 0 0.00 2,358 -1.54 0.0046
2015-08-11 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 13,711 -100 -0.72 2,395 18.68 0.0043
2015-04-28 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 13,811 7,311 112.48 2,018 439.57 0.0036
2014-02-07 2013-12-31 13F PALO ALTO NETWORKS COM 697435105 6,500 -13,800 -67.98 374 -59.78 0.0007
2013-11-08 2013-09-30 13F PALO ALTO NETWORKS COM 697435105 20,300 -7,700 -27.50 930 -21.19 0.0018
2013-07-24 2013-06-30 13F PALO ALTO NETWORKS COM 697435105 28,000 28,000 1,180 0.0025
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.