$PANW

$395.36 +$4.90 (1.25%) Live

$PANW Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 818.0M shares outstanding

Who owns PANW?

By type of holder

Institutions 81.6% Insiders 8.7% Everyone else 9.7%

Concentration Top 10 holders own 45.1%

BlackRock, Inc. 9.3% · Goetz James J 7.8%

Institutional ownership

81.6%

+2.8 pts vs last qtr

Institutional holders

2,919

+433 vs last qtr

Net shares bought

+23.0M

by institutions in Q2 2026

New / sold out

606 / 173

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

FMR LLC +11.9M
Norges Bank NEW +9.8M

Biggest sellers in Q2 2026

Morgan Stanley −2.9M
Pictet Asset Management Holding SA −2.5M

Who is planning to sell?

Notices of proposed sale, last 12 months

$364M

30 notices from 13 people

Shares covered

1.2M

0.14% of the company

Arranged in advance

30%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Nikesh Arora Officer $201M
Lee Klarich Officer $113M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2019–FY2026

+34.7%

+4.35% a year

Each share's claim on the business

−25.8%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$5.44B vs $8.35B

over 8 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years84% 3–5 years5% 1–3 years6% Under 1 year5%

Quarterly turnover

9.2%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting PANW on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	75.8M	9.26%	+3.3M (+4.6%)	≤2021	0.4%
Shares held by quarter Peak holding75.8M (Q2'26) Change over 8 quarters+50.7M Share of the company9.260% BlackRock, Inc.'s full portfolio →
VC Vanguard Capital Management LLC	53.1M	6.50%	+363.5K (+0.7%)	≤2021	0.4%
Shares held by quarter Peak holding53.1M (Q2'26) Change over 8 quarters+53.1M Share of the company6.500% Vanguard Capital Management LLC's full portfolio →

BlackRock, Inc.

75.8M

% of company

9.26%

Change vs last qtr

+3.3M (+4.6%)

Held since

≤2021

Vanguard Capital Management LLC

53.1M

% of company

6.50%

Change vs last qtr

+363.5K (+0.7%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Palo Alto Networks, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting PANW on Form N-PORT; together they hold 29.0% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$8.83B	25.9M	3.17%	0.38%	June 30, 2026
V5 Vanguard 500 Index Fund Vanguard Index Funds	$7.17B	21.0M	2.57%	0.43%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$8.83B

% of company

3.17%

% of the fund

0.38%

As of

June 30, 2026

Vanguard 500 Index Fund

Vanguard Index Funds

Position value

$7.17B

% of company

2.57%

% of the fund

0.43%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Palo Alto Networks, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
GJ Goetz James J Insider	64.1M	7.83%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company7.830% Goetz James J's insider activity →
ZN Zuk Nir Insider	4.7M	0.58%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.580% Zuk Nir's insider activity →

Goetz James J

Insider

64.1M

% of company

7.83%

Change vs last qtr

—

Held since

—

Zuk Nir

Insider

4.7M

% of company

0.58%

Change vs last qtr

—

Held since

—

15 more holders behind a free account

See every insider and 5%+ holder of Palo Alto Networks, Inc..

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