PANWNasdaqComputer Peripheral Equipment, NECFiscal year ends July 31
Palo Alto Networks Inc
Financials through Q4 FY2026, quarter ended Jul 31, 2026Last filing: 10-K on Sep 10, 2026
$346.95+4.95 (+1.45%)
Close on Oct 19, 2026
- Market cap
- $285.89B
- P/E (TTM)
- 867.4
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
81.9%
670M of 818M shares
Institutional holders
2,903
599 new, 126 sold out
Net institutional buying
25M
In Q2 2026
Insider trades, 12 months
2 buys · 98 sales
Net sold $123.13M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Capital Management | 60,785,782 | 7.44% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 24,622,005 | 7.80% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PANW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 75,753,509 | 9.26% | $25.83B | +3,322,076 | 0.38% |
| Vanguard Capital Management LLC | 53,129,128 | 6.50% | $18.12B | +363,472 | 0.39% |
| State Street Corp | 36,979,497 | 4.52% | $12.61B | +1,493,179 | 0.37% |
| Morgan Stanley | 29,450,112 | 3.60% | $10.04B | −2,868,846 | 0.53% |
| Invesco Ltd. | 25,647,946 | 3.14% | $8.75B | +1,719,523 | 0.69% |
| Bank Of America Corp /De/ | 22,681,876 | 2.77% | $7.73B | +205,123 | 0.50% |
| JPMorgan Chase & Co | 21,715,578 | 2.65% | $7.21B | +8,246,242 | 0.40% |
| FMR LLC | 20,054,462 | 2.45% | $6.84B | +11,949,672 | 0.30% |
| Geode Capital Management, LLC | 19,615,573 | 2.40% | $6.67B | +292,058 | 0.36% |
| Vanguard Portfolio Management LLC | 19,347,649 | 2.37% | $6.60B | −253,813 | 0.30% |
| Norges Bank | 9,750,674 | 1.19% | $3.33B | New | 0.33% |
| Nuveen, LLC | 9,013,366 | 1.10% | $3.07B | +1,018,443 | 0.73% |
| UBS Asset Management Americas Inc | 8,778,963 | 1.07% | $2.99B | +706,003 | 0.54% |
| Northern Trust Corp | 8,757,797 | 1.07% | $2.99B | +77,312 | 0.35% |
| Goldman Sachs Group Inc | 7,933,568 | 0.97% | $2.71B | +1,698,777 | 0.23% |
| Royal Bank of Canada | 6,959,433 | 0.85% | $2.37B | −597,055 | 0.35% |
| UBS Group AG | 6,758,096 | 0.83% | $2.30B | −1,497,256 | 0.29% |
| Ameriprise Financial Inc | 6,563,374 | 0.80% | $2.25B | +62,423 | 0.45% |
| Charles Schwab Investment Management Inc | 6,382,853 | 0.78% | $2.18B | +434,745 | 0.29% |
| Wells Fargo & Company/Mn | 5,968,975 | 0.73% | $2.04B | −149,847 | 0.33% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 2,903 | 670M | 81.9% | 599 / 946 | 1128 / 126 | 72M | 47M |
| Q1 2026 | 2,474 | 646M | 79.0% | 263 / 1271 | 748 / 280 | 170M | 37M |
| Q4 2025 | 2,528 | 583M | 71.2% | 319 / 1120 | 813 / 168 | 64M | 46M |
| Q3 2025 | 2,432 | 568M | 69.4% | 240 / 1245 | 655 / 137 | 65M | 30M |
| Q2 2025 | 2,374 | 534M | 65.2% | 252 / 1071 | 768 / 105 | 42M | 23M |
| Q1 2025 | 2,259 | 516M | 63.1% | 178 / 1064 | 755 / 172 | 41M | 28M |
| Q4 2024 | 2,293 | 512M | 62.6% | 355 / 952 | 726 / 92 | 38M | 42M |
| Q3 2024 | 2,068 | 519M | 63.5% | 190 / 895 | 689 / 107 | 85M | 27M |
| Q2 2024 | 2,008 | 513M | 62.7% | 270 / 905 | 598 / 139 | 36M | 86M |
| Q1 2024 | 1,900 | 565M | 69.1% | 255 / 863 | 599 / 165 | 66M | 58M |
| Q4 2023 | 1,839 | 560M | 68.5% | 329 / 718 | 585 / 96 | 84M | 55M |
| Q3 2023 | 1,637 | 532M | 65.0% | 170 / 694 | 553 / 111 | 51M | 56M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PANW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 25,905,251 | 3.17% | $8.83B | 0.38% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 21,016,840 | 2.57% | $7.17B | 0.43% | Jun 30, 2026 |
| Invesco QQQ Trust, Series 1 | 17,321,389 | 2.12% | $5.91B | 1.21% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 11,155,028 | 1.36% | $3.80B | 0.43% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 10,340,954 | 1.26% | $2.91B | 0.35% | May 31, 2026 |
| Vanguard Growth Index Fund | 8,721,779 | 1.07% | $2.97B | 0.78% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 5,599,575 | 0.68% | $1.58B | 0.92% | May 31, 2026 |
| State Street(R) Technology Select Sector SPDR(R) ETF | 5,598,750 | 0.68% | $1.91B | 1.54% | Jun 30, 2026 |
| Vanguard Institutional Index Fund | 4,402,673 | 0.54% | $1.50B | 0.43% | Jun 30, 2026 |
| iShares Expanded Tech-Software Sector ETF | 4,118,521 | 0.50% | $1.40B | 10.37% | Jun 30, 2026 |
| First Trust Nasdaq Cybersecurity ETF | 3,902,373 | 0.48% | $1.33B | 9.62% | Jun 30, 2026 |
| Invesco NASDAQ 100 ETF | 3,467,120 | 0.42% | $976.65M | 1.01% | May 31, 2026 |
| JPMorgan Large Cap Growth Fund | 3,149,899 | 0.39% | $1.07B | 0.88% | Jun 30, 2026 |
| iShares Russell 1000 Growth ETF | 3,079,717 | 0.38% | $1.05B | 0.81% | Jun 30, 2026 |
| College Retirement Equities Fund - Growth Account | 2,913,672 | 0.36% | $993.62M | 2.30% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Nikesh Arora | Chief Executive Officer, Director | 375,304 | 0.05% | Jul 2, 2026 |
| Lee Klarich | EVP Chief Product & Tech Ofcr, Director | 938,414 | 0.11% | May 27, 2026 |
| Nir Zuk | EVP, Chief Technology Officer, Director | 3,213,616 | 0.39% | Aug 5, 2025 |
| Dipak Golechha | EVP, Chief Financial Officer | 117,750 | 0.01% | Sep 28, 2026 |
| Josh D. Paul | Chief Accounting Officer | 79,695 | 0.01% | Sep 22, 2026 |
| William D. Jenkins Jr | President | 148,217 | 0.02% | Jun 8, 2026 |
| Aparna Bawa | Director | 6,321 | 0.00% | Sep 28, 2026 |
| James J. Goetz | Director | 315,080 | 0.04% | Sep 21, 2026 |
| John P. Key | Director | 10,000 | 0.00% | Sep 16, 2026 |
| Helle Thorning-Schmidt | Director | 5,687 | 0.00% | Sep 3, 2026 |
| Mark A. Goodburn | Director | 5,728 | 0.00% | Dec 11, 2025 |
| John Donovan | Director | 39,112 | 0.00% | Dec 11, 2025 |
| Lorraine Twohill | Director | 44,481 | 0.01% | Dec 11, 2025 |
| Carl M. Eschenbach | Director | 22,123 | 0.00% | Dec 11, 2025 |
| Mary Pat McCarthy | Director | 55,023 | 0.01% | Dec 11, 2025 |
| Ralph Hamers | Director | 5,171 | 0.00% | Mar 13, 2025 |
| Helene D. Gayle | Director | 13,050 | 0.00% | Dec 17, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −100 | $396.21 | $39.62K | 117,750 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −900 | $388.69 | $349.82K | 144,350 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −2,160 | $389.85 | $842.08K | 142,190 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −9,539 | $390.66 | $3.73M | 132,651 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −5,301 | $391.71 | $2.08M | 127,350 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −6,400 | $392.71 | $2.51M | 120,950 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −2,200 | $393.58 | $865.88K | 118,750 |
| Dipak Golechha EVP, Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −900 | $394.98 | $355.48K | 117,850 |
| Aparna Bawa Director | Sep 24, 2026 | Sale | −260 | $392.69 | $102.10K | 4,677 |
| Josh D. Paul Chief Accounting Officer | Sep 18, 2026 | Award | +7,211 | – | – | 79,695 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −781 | $381.86 | $298.23K | 500 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −1,000 | $380.72 | $380.72K | 1,281 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −700 | $379.61 | $265.73K | 2,281 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −500 | $382.69 | $191.35K | 0 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −1,504 | $378.74 | $569.62K | 2,981 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −1,293 | $377.65 | $488.30K | 4,485 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −4,751 | $376.66 | $1.79M | 5,778 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −4,313 | $375.73 | $1.62M | 10,529 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −3,348 | $374.72 | $1.25M | 14,842 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −910 | $373.53 | $339.91K | 18,190 |
| James J. Goetz Director | Sep 17, 2026 | Sale | −900 | $372.51 | $335.26K | 19,100 |
| Aparna Bawa Director | Sep 15, 2026 | Sale | −500 | $377.18 | $188.59K | 4,937 |
| Aparna Bawa Director | Sep 14, 2026 | Sale | −1,000 | $373.61 | $373.61K | 5,437 |
| John P. Key Director | Sep 14, 2026 | Sale | −2,500 | $376.03 | $940.07K | 10,000 |
| Helle Thorning-Schmidt Director | Sep 1, 2026 | Tax withholding | −211 | $382.13 | $80.63K | 5,687 |
| Josh D. Paul Chief Accounting Officer | Sep 1, 2026 | Sale(10b5-1 plan) | −900 | $373.68 | $336.31K | 72,484 |
| Josh D. Paul Chief Accounting Officer | Aug 25, 2026 | Sale(10b5-1 plan) | −900 | $353.77 | $318.39K | 73,354 |
| Josh D. Paul Chief Accounting Officer | Aug 21, 2026 | Tax withholding | −1,529 | $349.56 | $534.48K | 74,254 |
| Josh D. Paul Chief Accounting Officer | Aug 1, 2026 | Tax withholding | −3,861 | $331.83 | $1.28M | 75,783 |
| Helle Thorning-Schmidt Director | Jul 7, 2026 | Sale | −700 | $346.85 | $242.80K | 5,898 |
| Aparna Bawa Director | Jul 1, 2026 | Sale | −290 | $348.74 | $101.13K | 6,437 |
| Josh D. Paul Chief Accounting Officer | Jul 1, 2026 | Sale(10b5-1 plan) | −900 | $345.00 | $310.50K | 79,644 |
| Josh D. Paul Chief Accounting Officer | Jul 1, 2026 | Tax withholding | −1,092 | $341.02 | $372.39K | 80,544 |
| Aparna Bawa Director | Jun 29, 2026 | Sale | −305 | $328.14 | $100.08K | 6,727 |
| Aparna Bawa Director | Jun 29, 2026 | Sale | −327 | $309.83 | $101.31K | 7,032 |
| Dipak Golechha EVP, Chief Financial Officer | Jun 23, 2026 | Sale(10b5-1 plan) | −1,300 | $288.96 | $375.65K | 148,450 |
| Dipak Golechha EVP, Chief Financial Officer | Jun 23, 2026 | Sale(10b5-1 plan) | −200 | $286.68 | $57.34K | 149,750 |
| Dipak Golechha EVP, Chief Financial Officer | Jun 23, 2026 | Sale(10b5-1 plan) | −300 | $284.80 | $85.44K | 149,950 |
| Dipak Golechha EVP, Chief Financial Officer | Jun 23, 2026 | Sale(10b5-1 plan) | −2,100 | $290.03 | $609.06K | 146,350 |
| Dipak Golechha EVP, Chief Financial Officer | Jun 23, 2026 | Sale(10b5-1 plan) | −214 | $291.84 | $62.45K | 145,250 |
| Dipak Golechha EVP, Chief Financial Officer | Jun 23, 2026 | Sale(10b5-1 plan) | −886 | $291.07 | $257.89K | 145,464 |
| Aparna Bawa Director | Jun 22, 2026 | Sale | −345 | $290.17 | $100.11K | 7,359 |
| James J. Goetz Director | Jun 12, 2026 | Sale | −1,400 | $277.89 | $389.05K | 38,600 |
| James J. Goetz Director | Jun 12, 2026 | Sale | −5,193 | $280.89 | $1.46M | 21,493 |
| James J. Goetz Director | Jun 12, 2026 | Sale | −1,493 | $281.64 | $420.49K | 20,000 |
| James J. Goetz Director | Jun 12, 2026 | Sale | −4,800 | $278.89 | $1.34M | 33,800 |
| James J. Goetz Director | Jun 12, 2026 | Sale | −7,114 | $279.88 | $1.99M | 26,686 |
| Aparna Bawa Director | Jun 12, 2026 | Sale | −536 | $280.00 | $150.08K | 7,704 |
| John P. Key Director | Jun 12, 2026 | Sale | −7,500 | $279.24 | $2.09M | 12,500 |
| Aparna Bawa Director | Jun 11, 2026 | Sale | −555 | $270.00 | $149.85K | 8,240 |
| Aparna Bawa Director | Jun 10, 2026 | Sale | −377 | $265.00 | $99.91K | 8,795 |
| Josh D. Paul Chief Accounting Officer | Jun 1, 2026 | Sale(10b5-1 plan) | −1,100 | $285.08 | $313.59K | 81,636 |
| Helle Thorning-Schmidt Director | Jun 1, 2026 | Tax withholding | −211 | $281.69 | $59.44K | 6,598 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −543 | $250.03 | $135.77K | 298,344 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −519 | $251.20 | $130.37K | 297,825 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −582 | $251.94 | $146.63K | 297,243 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −320 | $253.25 | $81.04K | 296,923 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −923 | $261.25 | $241.13K | 235,983 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −16,865 | $260.62 | $4.40M | 236,906 |
| Lee Klarich EVP Chief Product & Tech Ofcr, Director | May 22, 2026 | Sale(10b5-1 plan) | −18,067 | $259.62 | $4.69M | 253,771 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Arora Nikesh Officer | Oct 13, 2026 | 500,000 | $201.40M | Oct 12, 2026 | Open market purchase pursuant to the terms set forth in the offer letter by and between the Issuer and the Reporting Person, dated 5/30/2018, that was filed as Exhibit 10.2 to the Current Report on Fo |
| Bawa Aparna Affiliate | Oct 9, 2026 | 250 | $99.63K | Oct 9, 2026 | Transfer |
| Klarich Lee Officer | Oct 8, 2026 | 60,000 | $23.91M | Oct 8, 2026 | Acquired as compensation -- Restricted Stock Units |
| Bawa Aparna Affiliate | Sep 24, 2026 | 750 | $294.98K | Sep 24, 2026 | Transfer |
| Golechha Dipak Officer | Sep 24, 2026 | 35,000 | $13.77M | Sep 24, 2026 | RSU/PSU |
| 2025 Irr Childrens Trust Goetz Director | Sep 17, 2026 | 20,000 | $7.53M | Sep 17, 2026 | Distribution from a Partnership |
| Bawa Aparna Affiliate | Sep 15, 2026 | 500 | $186.97K | Sep 15, 2026 | Transfer |
| Key John Director | Sep 14, 2026 | 2,500 | $940.08K | Sep 14, 2026 | Restricted Stock |
| Bawa Aparna Affiliate | Sep 14, 2026 | 1,000 | $330.65K | Sep 14, 2026 | Transfer |
| Paul Joshua Officer | Aug 25, 2026 | 3,300 | $1.16M | Aug 25, 2026 | Restricted Stock Units |
| Thorning-Schmidt Helle Director | Jul 7, 2026 | 700 | $242.80K | Jul 7, 2026 | Restricted Stock |
| 2025 Irr Children'S Trust Goetz Director | Jun 12, 2026 | 20,000 | $5.60M | Jun 12, 2026 | Distribution from a Partnership |
| Key John Director | Jun 12, 2026 | 7,500 | $2.09M | Jun 12, 2026 | Restricted Stock |
| Bawa Aparna Affiliate | Jun 11, 2026 | 3,333 | $862.61K | Jun 10, 2026 | Restricted Stock Unit Vesting |
| Klarich Lee Officer | May 22, 2026 | 62,904 | $16.39M | May 22, 2026 | Acquired as compensation -- Restricted Stock Units |