Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionKBC Group NV
Latest Disclosed Ownership202,660 shares
Latest Disclosed Value $ 32,490
KBC Group NV reports 2.96% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 7, 2026 - KBC Group NV filed a 13F-HR form disclosing ownership of 202,660 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $32,490 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 208,845 shares of Palo Alto Networks, Inc.. This represents a change in shares of -2.96% 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)
2026-05-07 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 202,660 -6,185 -2.96 32 -15.79 0.0419
2026-01-26 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 208,845 3,058 1.49 38 -7.32 0.0877
2026-01-20 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 205,787 -4,176 -1.99 42 -2.38 0.1005
2025-08-08 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 209,963 -6,812 -3.14 43 16.67 0.1161
2025-04-25 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 216,775 -20,991 -8.83 37 -16.28 0.1148
2025-01-22 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 237,766 147,779 164.22 43 43.33 0.1192
2024-11-06 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 89,987 -9,147 -9.23 31 -9.09 0.0929
2024-07-17 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 99,134 -16,360 -14.17 34 3.13 0.1015
2024-05-08 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 115,494 -32,231 -21.82 33 -25.58 0.1042
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 147,725 -8,436 -5.40 44 19.44 0.1544
2024-02-15 2023-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 156,161 -194,310 -55.44 37 -59.55 0.1494
2023-11-22 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 350,136 0 89 0.3725
2024-02-15 2023-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 350,471 -61,864 -15.00 90 8.54 0.3683
2023-07-28 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 350,136 -60,986 89 0.3725
2024-02-14 2023-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 412,335 12,056 3.01 82 49.09 0.3496
2023-05-04 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 411,122 -66,470 82 0.3869
2024-02-14 2022-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 400,279 -77,619 -16.24 56 -29.49 0.2710
2023-02-13 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 477,592 -306 78 0.0004
2024-02-15 2022-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 477,898 310,475 185.44 78 -4.88 0.4068
2022-11-08 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 477,592 310,169 78,225 0.4089
2024-02-14 2022-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 167,423 -104,164 -38.35 83 -51.48 0.4125
2022-07-26 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 166,767 -104,820 82,373 0.4145
2024-02-14 2022-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 271,587 55,240 25.53 169 40.83 0.6683
2022-05-06 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 271,587 55,240 169,066 0.6242
2024-02-14 2021-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 216,347 35,817 19.84 120 -99.86 0.3973
2022-02-03 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 216,347 35,817 120,454 0.3773
2021-11-10 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 180,530 -25,445 -12.35 86,474 13.15 0.3171
2022-02-15 2021-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 205,975 11,574 5.95 76,427 22.07 0.2755
2021-08-11 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 205,975 11,574 76,427 0.2755
2022-02-14 2021-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 194,401 7,889 4.23 62,609 -90.55 0.2535
2021-04-26 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 194,401 7,889 62,609 0.2535
2022-02-14 2020-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 186,512 145,050 349.84 662,845 6,431.78 0.3119
2021-02-10 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 186,512 145,050 66,285 0.3051
2022-02-14 2020-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 41,462 7,634 22.57 10,148 30.62 0.0598
2020-10-28 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 41,462 7,634 10,148 0.0600
2022-02-14 2020-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 33,828 19,948 143.72 7,769 241.34 0.0513
2020-08-10 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 33,828 19,948 7,769 0.0520
2020-05-04 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 13,880 -862 -5.85 2,276 -33.24 0.0190
2020-02-11 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 14,742 -74,243 -83.43 3,409 -81.20 0.0216
2019-11-07 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 88,985 53,866 153.38 18,137 153.45 0.1330
2019-08-08 2019-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 35,119 -43,430 -55.29 7,156 -62.49 0.0554
2019-07-30 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 35,119 -44,879 7,156
2019-08-07 2019-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 78,549 -26,759 -25.41 19,078 -3.82 0.1572
2019-05-10 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 78,549 -26,759 19,078
2019-01-31 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 105,308 -23,413 -18.19 19,835 -31.59 0.2210
2018-11-14 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 128,721 7,642 6.31 28,996 16.55 0.2193
2018-08-03 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 121,079 -1,369 -1.12 24,878 11.93 0.2166
2018-08-03 2018-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 122,448 -24,852 -16.87 22,227 4.11 0.2056
2018-05-09 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 122,448 -24,852 22,227
2018-08-03 2017-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 147,300 93,183 172.19 21,349 173.78 0.1826
2018-02-07 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 147,300 93,183 21,349
2017-11-13 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 54,117 16,901 45.41 7,798 56.59 0.0708
2017-08-04 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 37,216 -62,212 -62.57 4,980 -55.55 0.0481
2017-05-10 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 99,428 -32,481 -24.62 11,203 -32.08 0.1011
2017-02-16 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 131,909 118,536 886.38 16,495 674.41 0.1635
2016-11-03 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 13,373 8,225 159.77 2,130 237.03 0.0252
2016-08-03 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 5,148 476 10.19 632 -17.17 0.0090
2016-05-11 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 4,672 -16,518 -77.95 763 -79.56 0.0127
2016-02-11 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 21,190 13,279 167.85 3,732 174.21 0.0687
2015-11-12 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 7,911 -46,898 -85.57 1,361 -85.79 0.0274
2015-12-16 2015-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 54,809 33,481 156.98 9,575 207.28 0.1231
2015-07-31 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 54,809 9,575
2015-12-16 2015-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 21,328 16,148 311.74 3,116 390.71 0.0396
2015-04-30 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 21,328 3,116
2015-12-15 2014-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 5,180 3,472 203.28 635 277.98 0.0076
2015-02-12 2014-12-31 13F PALO ALTO NETWORKS COM 697435105 5,180 635
2014-10-16 2014-09-30 13F PALO ALTO NETWORKS COM 697435105 1,708 -569 -24.99 168 -12.04 0.0059
2014-08-01 2014-06-30 13F PALO ALTO NETWORKS COM 697435105 2,277 0 0.00 191 22.44 0.0022
2014-04-30 2014-03-31 13F PALO ALTO NETWORKS COM 697435105 2,277 2,277 156 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.