Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionFiduciary Trust Co
Latest Disclosed Ownership77,688 shares
Latest Disclosed Value $ 12,454,923
Fiduciary Trust Co reports 16.25% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 15, 2026 - Fiduciary Trust Co filed a 13F-HR form disclosing ownership of 77,688 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $12,454,923 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 92,759 shares of Palo Alto Networks, Inc.. This represents a change in shares of -16.25% 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)
2026-05-15 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 77,688 -15,071 -16.25 12,455 -27.11 0.0857
2026-02-13 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 92,759 -3,325 -3.46 17,086 -12.67 0.1942
2025-11-14 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 96,084 -821 -0.85 19,565 -1.34 0.2216
2025-08-14 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 96,905 1,537 1.61 19,831 21.86 0.2440
2025-05-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 95,368 1,104 1.17 16,274 -5.12 0.2131
2025-02-14 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 94,264 47,939 103.48 17,152 8.33 0.2264
2024-11-14 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 46,325 14,611 46.07 15,834 47.27 0.2211
2024-08-14 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 31,714 17,899 129.56 10,751 173.91 0.1614
2024-05-14 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 13,815 3,268 30.99 3,925 26.21 0.0602
2024-02-12 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 10,547 677 6.86 3,110 34.46 0.0520
2023-11-14 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 9,870 407 4.30 2,314 -4.30 0.0423
2023-08-01 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 9,463 326 3.57 2,418 32.44 0.0426
2023-05-15 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 9,137 1,492 19.52 1,825 71.20 0.0338
2023-02-14 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 7,645 1,003 15.10 1,067 -2.02 0.0208
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 6,642 4,523 213.45 1,088 4.02 0.0235
2022-08-12 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 2,119 -232 -9.87 1,046 -28.55 0.0220
2022-05-12 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 2,351 285 13.79 1,464 27.30 0.0262
2022-02-14 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 2,066 459 28.56 1,150 49.35 0.0189
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 1,607 1,607 770 0.0137
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -1,071 -100.00 0 -100.00
2020-02-04 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 1,071 -175 -14.04 248 -2.36 0.0058
2019-11-12 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 1,246 -560 -31.01 254 -30.98 0.0064
2019-08-14 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 1,806 -1,254 -40.98 368 -50.47 0.0097
2019-05-07 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 3,060 91 3.07 743 32.92 0.0200
2019-01-29 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 2,969 1,360 84.52 559 54.42 0.0171
2018-11-13 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 1,609 0 0.00 362 9.37 0.0102
2018-08-03 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 1,609 0 0.00 331 13.36 0.0100
2018-05-07 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 1,609 0 0.00 292 25.32 0.0090
2018-01-29 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 1,609 -916 -36.28 233 -35.99 0.0069
2017-11-02 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 2,525 134 5.60 364 13.75 0.0112
2017-08-09 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 2,391 2,391 320 0.0098
2017-05-15 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -2,009 -100.00 0 -100.00
2017-02-14 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 2,009 504 33.49 251 4.58 0.0081
2016-11-14 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 1,505 1,505 0.00 240 0.0082
2016-08-12 2016-06-30 13F PALO ALTO NETWORK COM 697435105 0 -2,430 -100.00 0 -100.00
2016-05-16 2016-03-31 13F PALO ALTO NETWORK COM 697435105 2,430 2,430 396 0.0140
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.