| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | 9.8% | $13,289,965,658 | 65,268,469 | The Vanguard Group | 30 Sep 2025 |
As of 30 Sep 2025, 2,400 institutional investors reported holding 548,009,879 shares of Palo Alto Networks Inc - Common Stock (PANW). This represents 82% of the company’s total 669,420,195 outstanding shares.
The largest institutional shareholders of Palo Alto Networks Inc - Common Stock (PANW) together control 51% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 9.8% | 65,269,963 | +2% | 0.2% | $13,290,269,867 |
| BlackRock, Inc. | 8.3% | 55,439,906 | +3.2% | 0.2% | $11,288,673,677 |
| MORGAN STANLEY | 4.6% | 30,759,375 | +0.59% | 0.38% | $6,263,224,539 |
| STATE STREET CORP | 4.4% | 29,736,916 | +1.7% | 0.21% | $6,055,030,836 |
| BANK OF AMERICA CORP /DE/ | 2.6% | 17,459,010 | +5.5% | 0.27% | $3,555,003,692 |
| JPMORGAN CHASE & CO | 2.4% | 15,750,208 | +0.85% | 0.2% | $3,207,087,437 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.3% | 15,448,501 | +1.8% | 0.2% | $3,134,670,797 |
| ROYAL BANK OF CANADA | 1.5% | 9,920,223 | +33% | 0.36% | $2,019,956,000 |
| UBS Group AG | 1.2% | 8,084,781 | +19% | 0.32% | $1,646,223,107 |
| Nuveen, LLC | 1.1% | 7,661,272 | +14% | 0.41% | $1,559,988,205 |
| FMR LLC | 1.1% | 7,599,248 | -27% | 0.08% | $1,547,358,905 |
| NORTHERN TRUST CORP | 1.1% | 7,528,248 | +0.49% | 0.2% | $1,532,901,859 |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 0.88% | 5,920,436 | -20% | 0.26% | $1,205,519,180 |
| FIRST TRUST ADVISORS LP | 0.88% | 5,906,963 | +12% | 0.9% | $1,202,775,716 |
| Clearbridge Investments, LLC | 0.88% | 5,859,097 | +11% | 0.9% | $1,193,029,242 |
| BARCLAYS PLC | 0.87% | 5,804,717 | +30% | 0.44% | $1,181,956,477 |
| AMERIPRISE FINANCIAL INC | 0.83% | 5,585,298 | -6.3% | 0.26% | $1,137,302,897 |
| WELLS FARGO & COMPANY/MN | 0.83% | 5,580,894 | +16% | 0.23% | $1,136,381,549 |
| Legal & General Group Plc | 0.81% | 5,440,431 | +0.2% | 0.25% | $1,107,780,555 |
| GOLDMAN SACHS GROUP INC | 0.8% | 5,353,723 | -6.1% | 0.16% | $1,090,124,955 |
| Invesco Ltd. | 0.79% | 5,289,011 | +5% | 0.17% | $1,076,948,497 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.7% | 4,713,839 | +5.3% | 0.15% | $959,831,897 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 0.68% | 4,552,030 | +15% | 0.1% | $926,885,000 |
| FRANKLIN RESOURCES INC | 0.6% | 4,037,320 | +0.43% | 0.21% | $822,079,099 |
| Pictet Asset Management Holding SA | 0.6% | 4,036,866 | +6.8% | 0.79% | $822,011,842 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 19,435,919 | $3,574,070,094 | -$364,534,323 | $184.20 | 526 |
| 2025 Q3 | 548,009,879 | $111,586,970,957 | +$5,134,548,162 | $203.62 | 2,400 |
| 2025 Q2 | 521,905,514 | $106,703,909,826 | +$2,900,851,126 | $204.64 | 2,352 |
| 2025 Q1 | 508,685,539 | $86,750,307,507 | +$319,163,467 | $170.64 | 2,226 |
| 2024 Q4 | 507,882,433 | $92,372,321,286 | +$46,155,286,003 | $181.96 | 2,255 |
| 2024 Q3 | 247,823,109 | $84,744,411,363 | +$428,932,072 | $341.80 | 2,045 |
| 2024 Q2 | 246,557,520 | $83,572,597,797 | +$773,078,347 | $339.01 | 1,986 |
| 2024 Q1 | 244,377,590 | $69,412,030,948 | -$3,508,649,505 | $284.13 | 1,874 |
| 2023 Q4 | 258,027,538 | $76,087,476,370 | -$1,656,630,700 | $294.88 | 1,811 |
| 2023 Q3 | 263,277,021 | $61,777,725,080 | -$1,040,916,884 | $234.44 | 1,624 |
| 2023 Q2 | 265,599,874 | $67,846,277,493 | +$3,306,191,946 | $255.51 | 1,577 |
| 2023 Q1 | 255,663,821 | $50,977,744,189 | +$1,337,536,640 | $199.74 | 1,452 |
| 2022 Q4 | 253,623,594 | $35,405,583,030 | -$547,147,530 | $139.54 | 1,361 |
| 2022 Q3 | 256,479,229 | $42,046,880,305 | +$27,206,885,152 | $163.79 | 1,330 |
| 2022 Q2 | 86,482,546 | $42,712,379,238 | +$379,198,879 | $493.94 | 1,309 |
| 2022 Q1 | 85,999,528 | $53,419,480,232 | +$1,651,177,529 | $622.51 | 1,298 |
| 2021 Q4 | 83,533,983 | $46,465,598,625 | -$1,069,430,397 | $556.76 | 1,210 |
| 2021 Q3 | 85,181,168 | $40,793,093,200 | +$1,728,034,137 | $479.00 | 1,075 |
| 2021 Q2 | 81,472,697 | $30,233,158,657 | +$263,322,532 | $371.05 | 972 |
| 2021 Q1 | 81,251,509 | $26,167,205,743 | -$308,682,309 | $322.06 | 955 |
| 2020 Q4 | 82,187,268 | $29,197,852,610 | +$1,126,328,312 | $355.39 | 926 |
| 2020 Q3 | 78,716,586 | $19,258,492,897 | -$129,619,684 | $244.75 | 809 |
| 2020 Q2 | 79,512,380 | $18,263,111,680 | +$404,077,382 | $229.67 | 783 |
| 2020 Q1 | 78,046,248 | $12,797,807,091 | -$301,849,450 | $163.96 | 676 |
| 2019 Q4 | 78,666,335 | $18,199,544,184 | +$29,454,638 | $231.25 | 796 |
| 2019 Q3 | 78,683,985 | $16,036,610,972 | +$288,175,979 | $203.83 | 734 |
| 2019 Q2 | 77,235,735 | $15,739,163,466 | +$139,039,567 | $203.76 | 760 |
| 2019 Q1 | 76,964,669 | $18,685,537,359 | +$241,989,790 | $242.88 | 814 |
| 2018 Q4 | 76,421,665 | $14,395,566,098 | -$450,312,390 | $188.35 | 731 |
| 2018 Q3 | 78,098,303 | $17,586,320,464 | +$252,914,248 | $225.26 | 735 |
| 2018 Q2 | 76,937,019 | $15,803,601,988 | +$91,972,111 | $205.47 | 684 |
| 2018 Q1 | 76,858,663 | $13,947,031,881 | +$312,804,472 | $181.52 | 655 |
| 2017 Q4 | 75,741,298 | $10,978,383,477 | +$166,426,264 | $144.94 | 616 |
| 2017 Q3 | 74,266,233 | $10,696,364,291 | +$475,861,495 | $144.10 | 564 |
| 2017 Q2 | 71,044,408 | $9,498,784,398 | -$204,973,203 | $133.81 | 555 |
| 2017 Q1 | 72,965,772 | $8,222,083,674 | -$29,435,939 | $112.68 | 548 |
| 2016 Q4 | 77,018,683 | $9,632,881,323 | -$465,251,088 | $125.05 | 543 |
| 2016 Q3 | 79,812,677 | $12,711,028,335 | +$1,008,488,178 | $159.33 | 517 |
| 2016 Q2 | 73,667,475 | $9,036,946,476 | -$36,214,182 | $122.64 | 505 |
| 2016 Q1 | 72,562,023 | $11,834,249,255 | +$789,510,823 | $163.14 | 537 |
| 2015 Q4 | 68,470,570 | $12,058,908,345 | +$416,058,419 | $176.14 | 565 |
| 2015 Q3 | 65,895,207 | $11,332,172,199 | -$274,252,804 | $172.00 | 517 |
| 2015 Q2 | 67,584,378 | $11,805,730,369 | -$47,233,019 | $174.70 | 481 |
| 2015 Q1 | 68,124,354 | $9,949,010,673 | +$386,227,403 | $146.08 | 443 |
| 2014 Q4 | 65,427,236 | $8,017,475,570 | +$384,273,693 | $122.57 | 386 |
| 2014 Q3 | 65,077,569 | $6,198,837,533 | +$113,379,951 | $98.10 | 310 |
| 2014 Q2 | 64,326,995 | $5,254,694,929 | +$404,204,312 | $83.85 | 262 |
| 2014 Q1 | 60,231,228 | $4,044,362,767 | +$89,432,114 | $68.60 | 223 |