Palo Alto Networks, Inc. (PANW) Shareholders & Insider Trades
Palo Alto Networks shareholders at a glance
The largest holder of Palo Alto Networks stock is BlackRock Advisors LLC, with 54.5 million shares (6.69% of the company), worth about $20.83 billion as of September 25, 2026. The 10 largest holders together own 37.2%.
In Q2 2026, 3,075 institutional holdings reports listed shares worth $232.00 billion.
Insiders reported 80 transactions in the last two years: 44 sales worth $882.43 million and 1 purchase. The newest one on file is from April 8, 2026 (Key John Phillip, Director).
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026); insider transactions on file through April 8, 2026.
Palo Alto Networks, Inc.
Shareholders Summary
2026Q2
Ownership by Type
Geographic Distribution
Largest Palo Alto Networks shareholders
| Holder | Shares | % of company | Value |
|---|---|---|---|
| BlackRock Advisors LLC | 54.5 million | 6.69% | $20.8B |
| Vanguard Capital Management LLC | 53.1 million | 6.52% | $20.3B |
| State Street Corporation | 37.0 million | 4.54% | $14.1B |
| Eaton Vance Management | 29.5 million | 3.61% | $11.3B |
| Invesco Advisers, Inc. | 25.6 million | 3.15% | $9.8B |
| Merrill Lynch International | 22.7 million | 2.78% | $8.7B |
| JPMorgan Investment Management, Inc. | 21.7 million | 2.66% | $8.3B |
| Fidelity Management & Research Co. LLC | 20.0 million | 2.46% | $7.7B |
| Geode Capital Management LLC | 19.6 million | 2.41% | $7.5B |
| Vanguard Portfolio Management LLC | 19.3 million | 2.37% | $7.4B |
As of September 25, 2026.
Palo Alto Networks institutional holdings by quarter
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 3,075 | – | $232.0B |
| Q1 2026 | 2,612 | 646.0 million | $103.0B |
| Q4 2025 | 2,668 | 583.0 million | $107.0B |
| Q3 2025 | 2,587 | 568.0 million | $116.0B |
| Q2 2025 | 2,530 | 534.0 million | $109.0B |
| Q1 2025 | 2,386 | 518.0 million | $88.3B |
| Q4 2024 | 2,414 | 512.0 million | $93.0B |
| Q3 2024 | 2,207 | 261.0 million | $87.7B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Palo Alto Networks insider trades
| Insider | Date | Title | Transaction | Value |
|---|---|---|---|---|
| Key John Phillip | Apr 8, 2026 | Director | Sale at price 173.32 per share. | $272,459 |
| Golechha Dipak | Apr 1, 2026 | Chief Financial Officer | Sale at price 157.81 - 160.70 per share. | $802,077 |
| Paul Joshua D. | Apr 1, 2026 | Officer | Sale at price 161.40 per share. | $177,540 |
| Arora Nikesh | Mar 27, 2026 | Chief Executive Officer | Purchase at price 146.87 - 147.48 per share. | $10.0M |
| Paul Joshua D. | Mar 10, 2026 | Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Goetz James Joseph | Mar 6, 2026 | Director | Sale at price 163.83 - 164.76 per share. | $3.7M |
| Paul Joshua D. | Mar 2, 2026 | Officer | Sale at price 147.90 per share. | $251,430 |
| Arora Nikesh | Feb 12, 2026 | Chief Executive Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Bawa Aparna | Feb 12, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Klarich Lee | Feb 12, 2026 | Chief Technology Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Klarich Lee | Jan 8, 2026 | Chief Technology Officer | Conversion of Exercise of derivative security at price 32.25 per share. | $3.0M |
| Klarich Lee | Jan 8, 2026 | Chief Technology Officer | Sale at price 189.60 - 193.16 per share. | $23.1M |
Newest 12 of 80 insider transactions in the last two years.
Questions and answers
Who owns the most Palo Alto Networks stock?
BlackRock Advisors LLC, with 6.69% of the company (as of September 25, 2026). Next: Vanguard Capital Management LLC (6.52%) and State Street Corporation (4.54%).
How many institutions own Palo Alto Networks stock?
3,075 institutional holdings reports listed Palo Alto Networks shares in Q2 2026 worth $232.00 billion.
Are Palo Alto Networks insiders buying or selling the stock?
In the last two years insiders reported 44 sales and 1 purchase (80 transactions in all); the newest on file is from April 8, 2026.
