Palo Alto Networks (PANW)

Palo Alto Networks (Australia) Pty Ltd • Sinefa Pty. Ltd. • Palo Alto Networks (Austria) GmbH • Palo Alto Networks (Brasil) Ltda. • Palo Alto Networks (Canada Technology), Inc. • Palo Alto Networks (Canada) Inc. • Palo Alto Networks (Shanghai) Co., Ltd. • PA Networks Costa Rica LLC SRL • Palo Alto Networks (Czech) S.R.O. • 3375 Scott Blvd LLC ...

IRS number

202530195

PANW stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$220.93

Low target

$135.00

High target

$255.00

Latest filings (excl ownership)

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ARS

2025 FY

Annual report to shareholders

Notice of effectiveness

1 Oct 25

424B3

Prospectus supplement

30 Sep 25

S-4/A

Registration of securities issued in business combination transactions (amended)

26 Sep 25

425

Business combination disclosure

Registration of securities issued in business combination transactions

12 Sep 25

425

Business combination disclosure

5 Sep 25

S-8

Registration of securities for employees

29 Aug 25

Transcripts

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PANW

Earnings call transcript

2025 Q4

18 Aug 25

PANW

Earnings call transcript

2025 Q3

20 May 25

PANW

Earnings call transcript

2025 Q2

13 Feb 25

PANW

Earnings call transcript

2025 Q1

20 Nov 24

PANW

Earnings call transcript

2024 Q4

19 Aug 24

PANW

Earnings call transcript

2024 Q3

20 May 24

PANW

Earnings call transcript

2024 Q2

20 Feb 24

PANW

Earnings call transcript

2024 Q1

15 Nov 23

PANW

Earnings call transcript

2023 Q4

18 Aug 23

PANW

Earnings call transcript

2023 Q3

23 May 23

Latest ownership filings

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Notice of proposed sale of securities

3 Nov 25

SCHEDULE 13G/A

Beneficial ownership report (amended)

Notice of proposed sale of securities

6 Oct 25

Josh D. Paul

2 Oct 25

Financial summary

Financial statements Chart PANW financial data

Quarter (USD)	Jul 25	Apr 25	Jan 25	Oct 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jul 25	Jul 24	Jul 23	Jul 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.28 bn	2.28 bn	2.28 bn	2.28 bn	2.28 bn	2.28 bn
Cash burn (monthly)	38.60 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	134.66 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	2.14 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	55.6	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2025

PANW institutional ownership history Ownership history

75.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2211	2262	-2.3%
Opened positions	178	349	-49.0%
Closed positions	229	131	+74.8%
Increased positions	1040	1845	-43.6%
Reduced positions	731	50	+1362.0%

13F shares	Current	Prev Q	Change
Total value	81.94 tn	88.05 tn	-6.9%
Total shares	503.77 mm	506.18 mm	-0.5%
Total puts	30.23 mm	39.76 mm	-24.0%
Total calls	16.20 mm	18.44 mm	-12.2%
Total put/call ratio	1.9	2.2	-13.4%

Largest owners	Shares	Value	Change
Vanguard	62.78 mm	$10.71 tn	+2.5%
BlackRock	53.23 mm	$9.08 tn	+1.8%
STT State Street	28.97 mm	$4.94 tn	+1.1%
MS Morgan Stanley	28.70 mm	$4.90 tn	-5.5%
BAC Bank of America	16.12 mm	$2.75 tn	-0.3%
JPM JPMorgan Chase & Co.	15.54 mm	$2.65 tn	+4.6%
Geode Capital Management	15.00 mm	$2.55 tn	+4.3%
FMR	9.04 mm	$1.54 tn	+128.2%
NTRS Northern Trust	7.73 mm	$1.32 tn	-1.4%
UBS UBS	7.14 mm	$1.22 tn	-2.7%

Largest transactions	Shares	Bought/sold	Change
Nuveen Asset Management	0.00	-6.16 mm	EXIT
Jennison Associates	29.92 k	-5.73 mm	-99.5%
Norges Bank	0.00	-5.33 mm	EXIT
FMR	9.04 mm	+5.08 mm	+128.2%
Nuveen	4.75 mm	+4.75 mm	NEW
Capital Research Global Investors	4.65 mm	-3.78 mm	-44.9%
T. Rowe Price	3.88 mm	+1.69 mm	+77.1%
MS Morgan Stanley	28.70 mm	-1.67 mm	-5.5%
Swedbank AB	0.00	-1.63 mm	EXIT
Vanguard	62.78 mm	+1.54 mm	+2.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PANW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Nov 25	Klarich Lee	Common Stock	Sell	Dispose S	No	Yes	220.4	30	6.61 k	356,409
3 Nov 25	Klarich Lee	Common Stock	Sell	Dispose S	No	Yes	219.759	3,554	781.02 k	356,439
3 Nov 25	Klarich Lee	Common Stock	Sell	Dispose S	No	Yes	218.691	43,109	9.43 mm	359,993
3 Nov 25	Klarich Lee	Common Stock	Sell	Dispose S	No	Yes	218.004	45,515	9.92 mm	403,102
3 Nov 25	Klarich Lee	Common Stock	Sell	Dispose S	No	Yes	216.746	20,195	4.38 mm	448,617
3 Nov 25	Klarich Lee	Common Stock	Sell	Dispose S	No	Yes	215.883	8,371	1.81 mm	468,812
3 Nov 25	Klarich Lee	Common Stock	Option exercise	Acquire M	No	No	32.25	92,010	2.97 mm	477,183
3 Nov 25	Klarich Lee	Stock Option Common Stock	Option exercise	Dispose M	No	No	32.25	92,010	2.97 mm	184,020
3 Nov 25	Josh D. Paul	Common Stock	Sell	Dispose S	No	Yes	219.97	700	153.98 k	47,505
1 Nov 25	Arora Nikesh	Common Stock	Sale back to company	Dispose D	No	No	0	1,185,721	0.00	275,013