Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionFiera Capital Corp
Latest Disclosed Ownership91,598 shares
Latest Disclosed Value $ 14,684,991
Fiera Capital Corp reports 5.96% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 12, 2026 - Fiera Capital Corp filed a 13F-HR form disclosing ownership of 91,598 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $14,684,991 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 86,444 shares of Palo Alto Networks, Inc.. This represents a change in shares of 5.96% 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)
2026-05-12 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 91,598 5,154 5.96 14,685 -7.78 0.0298
2026-02-11 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 86,444 20,980 32.05 15,923 19.45 0.0505
2025-11-07 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 65,464 30,605 87.80 13,330 86.86 0.0431
2025-08-08 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 34,859 27,610 380.88 7,134 477.10 0.0242
2025-05-07 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 7,249 -26 -0.36 1,237 -6.58 0.0045
2025-01-29 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 7,275 3,389 87.21 1,324 -0.38 0.0042
2024-11-01 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 3,886 -18 -0.46 1,328 0.38 0.0040
2024-10-31 2024-06-30 13F/A-2 PALO ALTO NETWORKS COM 697435105 3,904 -60 -1.51 1,323 17.50 0.0041
2024-08-19 2024-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 3,904 -60 1,323 0.0041
2024-08-01 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 3,904 -60 1,323 0.0022
2024-08-22 2024-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 3,964 -1,612 -28.91 1,126 -31.51 0.0033
2024-05-01 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 3,964 -1,612 1,126 0.0033
2024-08-22 2023-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 5,576 181 3.35 1,644 30.06 0.0050
2024-02-08 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 5,576 181 1,644 0.0050
2024-08-22 2023-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 5,395 -4,657 -46.33 1,265 -50.78 0.0040
2023-11-09 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 5,395 -4,657 1,265 0.0040
2023-08-09 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 10,052 63 0.63 2,568 28.72 0.0074
2023-04-26 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 9,989 -996 -9.07 1,995 30.22 0.0060
2023-02-08 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 10,985 -1,331 -10.81 1,533 -24.05 0.0048
2022-11-03 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 12,316 8,081 190.81 2,017 -3.59 0.0072
2022-08-10 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 4,235 -4 -0.09 2,092 -20.73 0.0062
2022-05-09 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 4,239 -499 -10.53 2,639 0.04 0.0049
2022-05-09 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 3,784 2,356
2022-02-08 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 4,738 212 4.68 2,638 21.68 0.0062
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 4,526 -5,641 -55.48 2,168 -42.54 0.0056
2021-08-16 2021-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 10,167 5,637 124.44 3,773 158.60 0.0097
2021-08-11 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 10,167 5,637 2,335 0.0066
2021-05-11 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 4,530 -1,215 -21.15 1,459 -28.55 0.0042
2021-02-09 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 5,745 -112 -1.91 2,042 42.40 0.0055
2020-11-12 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 5,857 -328 -5.30 1,434 0.91 0.0043
2020-08-07 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 6,185 21 0.34 1,421 40.55 0.0048
2020-05-08 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 6,164 -1,905 -23.61 1,011 -45.82 0.0042
2020-02-06 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 8,069 -374 -4.43 1,866 8.43 0.0062
2019-11-12 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 8,443 8,443 1,721 0.0064
2019-08-12 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 0 -1,383 -100.00 0 -100.00
2019-05-13 2019-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,383 1,383 336 0.0013
2019-05-10 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 1,383 1,383 336
2016-05-13 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 0 0 0 0.0000
2016-02-16 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 0 -2,135 -100.00 0 -100.00
2015-11-17 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 2,135 -400 -15.78 367 -17.16 0.0031
2015-08-17 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 2,535 -365 -12.59 443 4.48 0.0027
2015-05-12 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 2,900 2,900 424 0.0032
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.