
Insider and congress filings
Palo Alto Networks, Inc. (PANW)
NASDAQ · Technology · 398 insider transactions · 110 congress trades · last filed 12 days agoS&P 500Nasdaq 100
About Palo Alto Networks, Inc.
from the company's filings and listing, as of Oct 21, 2026- Exchange
- NASDAQ
- Sector
- Technology
- Industry
- Software - Infrastructure
- Chief executive
- Nikesh Arora
- Employees
- 21,921
- Listed since
- Jul 20, 2012
- Market value
- $278.3B
- Price to earnings (12 mo)
- 739.7
- Net income per share, as reported (12 mo)
- $0.41
- Dividend yield
- -
Earnings
6 reported quarters · next on Nov 18, 2026| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q4 FY2026reported Sep 1, 2026 | $1.02 | $0.98 | $3.4B | $3.4B | EPS beatRevenue beat |
| Q3 FY2026reported Jun 2, 2026 | $0.85 | $0.79 | $3.0B | $2.9B | EPS beatRevenue beat |
| Q2 FY2026reported Feb 17, 2026 | $1.03 | $0.94 | $2.6B | $2.6B | EPS beatRevenue in line |
| Q1 FY2026reported Nov 19, 2025 | $0.93 | $0.89 | $2.5B | $2.5B | EPS beatRevenue in line |
| Q4 FY2025reported Aug 18, 2025 | $0.95 | $0.89 | $2.5B | $2.5B | EPS beatRevenue in line |
| Q3 FY2025reported May 20, 2025 | $0.80 | $0.77 | $2.3B | $2.3B | EPS beatRevenue in line |
Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag reads n/a only when a number is missing. Quarterly EPS is the figure set against the consensus, usually adjusted, so the quarters need not add up to the 12-month net income per share above. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for fiscal 2025 · proxy filed Nov 7, 2025| Executive | Salary | Stock awards | Other | Total |
|---|---|---|---|---|
| Nikesh AroraChief Executive Officer | $1.0M | $94.9M | $3.9M | $99.7M |
| William “BJ” JenkinsPresident | $750K | $25.3M | $918K | $27.0M |
| Lee KlarichChief Product and Technology Officer | $550K | $24.7M | $767K | $26.0M |
| Dipak GolechhaChief Financial Officer | $600K | $24.2M | $722K | $25.5M |
The summary compensation table from the proxy statement for fiscal 2025, with titles as filed then. 1 executive who has since left the company is named in that filing and not shown here. Read the filing
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Shares vs prior qtr | % of shares out |
|---|---|---|---|---|
| BlackRock, Inc. | $25.8B | 75,753,509 | +4.6% | 10.11% |
| Vanguard Capital Management LLC | $18.1B | 53,129,128 | +0.7% | 7.09% |
| State Street Corp | $12.6B | 36,979,497 | +4.2% | 4.94% |
| Morgan Stanley | $10.0B | 29,450,112 | -8.9% | 3.93% |
| Invesco Ltd. | $8.7B | 25,647,946 | +49.8% | 3.42% |
| Bank of America Corp | $7.7B | 22,681,876 | +0.9% | 3.03% |
| JPMorgan Chase & Co. | $7.2B | 21,715,578 | +61.2% | 2.90% |
| FMR LLC | $6.8B | 20,054,462 | +147.4% | 2.68% |
| Geode Capital Management, LLC | $6.7B | 19,615,573 | +1.5% | 2.62% |
| Vanguard Portfolio Management LLC | $6.6B | 19,347,649 | -1.3% | 2.58% |
| Norges Bank | $3.3B | 9,750,674 | New | 1.30% |
| Nuveen, LLC | $3.1B | 9,013,366 | +12.7% | 1.20% |
A 13F reports long US equity positions and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. New: not in this holder's prior 13F as reported; a change of filer ID can also show as new. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.
Tracked fund managers holding PANW
4 managers| Manager | Value | Shares | Share of book |
|---|---|---|---|
| Atreides Management | $299.1M | 876,954 | 2.1% |
| Adage Capital Partners | $262.0M | 768,300 | 0.4% |
| Stanley DruckenmillerDuquesne Family Office | $39.8M | 116,650 | 0.8% |
| Graham Capital Management | $22.9M | 67,110 | 0.4% |
4 of the 97 fund managers we track list PANW shares among the largest positions in their latest 13F, filed for Q2 2026. A manager can hold it further down the book too, so this is a floor, not a count. Share of book is the position against the manager's whole disclosed 13F value.
Open-market insider trades
20 filings shown · newest filing first| Insider | Action | Shares | Price | Value | Trade date | Delay (business days) |
|---|---|---|---|---|---|---|
| Aparna BawaDirector | Sold · 2 lines | 250 | $412.28 | $103K | Oct 9, 2026filed Oct 9, 2026 | 0d |
| Josh D. PaulChief Accounting Officer | Sold · scheduled | 400 | $395.70 | $158K | Oct 1, 2026filed Oct 5, 2026 | 2d |
| Aparna BawaDirector | Sold | 260 | $392.69 | $102K | Sep 24, 2026filed Sep 28, 2026 | 2d |
| Dipak GolechhaEVP, Chief Financial Officer | Sold · scheduled · 7 lines | 26,600 | $391.49 | $10.4M | Sep 24, 2026filed Sep 28, 2026 | 2d |
| James J. GoetzDirector | Sold · 11 lines | 20,000 | $376.68 | $7.5M | Sep 17, 2026filed Sep 21, 2026 | 2d |
| Aparna BawaDirector | Sold | 500 | $377.18 | $189K | Sep 15, 2026filed Sep 16, 2026 | 1d |
| Aparna BawaDirector | Sold | 1,000 | $373.61 | $374K | Sep 14, 2026filed Sep 16, 2026 | 2d |
| John P. KeyDirector | Sold | 2,500 | $376.03 | $940K | Sep 14, 2026filed Sep 16, 2026 | 2d |
| Josh D. PaulChief Accounting Officer | Sold · scheduled | 900 | $373.68 | $336K | Sep 1, 2026filed Sep 3, 2026 | 2d |
| Josh D. PaulChief Accounting Officer | Sold · scheduled | 900 | $353.77 | $318K | Aug 25, 2026filed Aug 27, 2026 | 2d |
| Helle Thorning-SchmidtDirector | Sold | 700 | $346.85 | $243K | Jul 7, 2026filed Jul 8, 2026 | 1d |
| Aparna BawaDirector | Sold | 290 | $348.74 | $101K | Jul 1, 2026filed Jul 1, 2026 | 0d |
| Aparna BawaDirector | Sold · 2 lines | 632 | $318.67 | $201K | Jun 29, 2026filed Jul 1, 2026 | 2d |
| Josh D. PaulChief Accounting Officer | Sold · scheduled | 900 | $345.00 | $311K | Jul 1, 2026filed Jul 1, 2026 | 0d |
| Dipak GolechhaEVP, Chief Financial Officer | Sold · scheduled · 6 lines | 5,000 | $289.56 | $1.4M | Jun 23, 2026filed Jun 24, 2026 | 1d |
| Aparna BawaDirector | Sold | 345 | $290.17 | $100K | Jun 22, 2026filed Jun 22, 2026 | 0d |
| James J. GoetzDirector | Sold · 5 lines | 20,000 | $279.90 | $5.6M | Jun 12, 2026filed Jun 16, 2026 | 2d |
| John P. KeyDirector | Sold | 7,500 | $279.24 | $2.1M | Jun 12, 2026filed Jun 12, 2026 | 0d |
| Aparna BawaDirector | Sold | 536 | $280.00 | $150K | Jun 12, 2026filed Jun 12, 2026 | 0d |
| Aparna BawaDirector | Sold | 555 | $270.00 | $150K | Jun 11, 2026filed Jun 12, 2026 | 1d |
One row is one filing, newest filing first. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count. Scheduled: set up in advance under a Rule 10b5-1 trading plan. The delay counts business days from the trade to the filing, the unit of Form 4's two business day deadline: weekends and federal holidays are skipped. How the filing itself works is explained in our guide to Form 4.
Other Form 4 activity (13)
| Insider | Event | Shares | Date |
|---|---|---|---|
| Nikesh AroraChief Executive Officer | Other (see filing) | 500,000 | Oct 12, 2026 |
| Lee KlarichEVP Chief Product & Tech Ofcr | Gift | 60,000 | Oct 8, 2026 |
| Josh D. PaulChief Accounting Officer | Tax withholding | 1,308 | Oct 1, 2026 |
| Lee KlarichEVP Chief Product & Tech Ofcr | Gift | 25,000 | Sep 30, 2026 |
| Josh D. PaulChief Accounting Officer | Stock award | 7,211 | Sep 18, 2026 |
| Helle Thorning-SchmidtDirector | Tax withholding | 211 | Sep 1, 2026 |
| Josh D. PaulChief Accounting Officer | Tax withholding | 1,529 | Aug 21, 2026 |
| Josh D. PaulChief Accounting Officer | Tax withholding | 3,861 | Aug 1, 2026 |
| Nikesh AroraChief Executive Officer | Discretionary transaction | 865,090 | Jun 30, 2026 |
| Josh D. PaulChief Accounting Officer | Tax withholding | 1,092 | Jul 1, 2026 |
| William D. Jenkins Jr.President | Discretionary transaction | 69,499 | Jun 4, 2026 |
| Helle Thorning-SchmidtDirector | Tax withholding | 211 | Jun 1, 2026 |
| Aparna BawaDirector | Stock award | 24 | Feb 12, 2026 |
Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.
Congress trades in PANW
20 disclosures of 110 on record · median 25d of the 45 allowedSince the trade: the stock's move from the trade date to the latest close we hold (figures as of Oct 25, 2026), not the member's result. Not investment advice.
| Member | Type | Action | Amount disclosed | Stock since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| John McGuireSpouse | Stock | Sale | $1,001 - $15,000 | +14.7%After the saleS&P 500 +1.7% · +12.9 pts vs S&P 500 | Jul 31, 2026 | Aug 10, 2026 | 10d |
| Josh GottheimerJoint | Stock | Purchase | $1,001 - $15,000 | +7.5%S&P 500 +1.2% · +6.3 pts vs S&P 500 | Jul 16, 2026 | Aug 10, 2026 | 25d |
| Alan ArmstrongSelf | Stock | Purchase | $1,001 - $15,000 | +158.8%S&P 500 +19.8% · +139.0 pts vs S&P 500 | Mar 27, 2026 | Jul 21, 2026 | 116d |
| Dan NewhouseSpouse | Stock | Sale | $1,001 - $15,000 | +16.8%After the saleS&P 500 +0.7% · +16.1 pts vs S&P 500 | Jul 10, 2026 | Jul 17, 2026 | 7d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +53.7%S&P 500 +2.9% · +50.8 pts vs S&P 500 | May 16, 2026 | Jul 6, 2026 | 51d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +50.5%S&P 500 +2.3% · +48.2 pts vs S&P 500 | May 21, 2026 | Jun 9, 2026 | 19d |
| Josh GottheimerJoint | Stock | Purchase | $1,001 - $15,000 | +59.8%S&P 500 +1.6% · +58.2 pts vs S&P 500 | May 14, 2026 | Jun 3, 2026 | 20d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +134.2%S&P 500 +10.8% · +123.4 pts vs S&P 500 | Apr 13, 2026 | May 11, 2026 | 28d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +135.5%S&P 500 +9.4% · +126.1 pts vs S&P 500 | Apr 14, 2026 | May 8, 2026 | 24d |
| Jared MoskowitzDependent child | Stock | Purchase | $1,001 - $15,000 | +132.0%S&P 500 +15.6% · +116.4 pts vs S&P 500 | Mar 23, 2026 | Apr 30, 2026 | 38d |
| Jared Moskowitz | Stock | Purchase | $1,001 - $15,000 | +137.4%S&P 500 +16.9% · +120.5 pts vs S&P 500 | Mar 31, 2026 | Apr 30, 2026 | 30d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +146.6%S&P 500 +20.3% · +126.3 pts vs S&P 500 | Mar 30, 2026 | Apr 7, 2026 | 8d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +132.0%S&P 500 +15.6% · +116.4 pts vs S&P 500 | Mar 23, 2026 | Apr 7, 2026 | 15d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +127.9%S&P 500 +14.7% · +113.2 pts vs S&P 500 | Mar 13, 2026 | Apr 7, 2026 | 25d |
| Josh GottheimerJoint | Stock | Sale | $1,001 - $15,000 | +155.5%After the saleS&P 500 +10.7% · +144.8 pts vs S&P 500 | Feb 27, 2026 | Mar 16, 2026 | 17d |
| Jonathan L. JacksonJoint | Stock | Sale | $50,001 - $100,000 | +145.9%After the saleS&P 500 +12.1% · +133.8 pts vs S&P 500 | Feb 5, 2026 | Mar 12, 2026 | 35d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +129.3%After the saleS&P 500 +12.7% · +116.6 pts vs S&P 500 | Feb 5, 2026 | Mar 9, 2026 | 32d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +132.8%After the saleS&P 500 +11.2% · +121.5 pts vs S&P 500 | Feb 17, 2026 | Mar 9, 2026 | 20d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +168.6%After the saleS&P 500 +10.5% · +158.1 pts vs S&P 500 | Feb 24, 2026 | Mar 9, 2026 | 13d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +104.8%S&P 500 +9.8% · +95.0 pts vs S&P 500 | Jan 6, 2026 | Feb 6, 2026 | 31d |
Since the trade is an estimate, set beside the S&P 500 over the same window, with the gap between the two in percentage points. The filing carries a band, not a fill, and a sale keeps the stock's sign, so a positive figure after a sale means the stock kept rising after it. An option row carries the underlying stock's move. A row marked n/a is one we hold no figure for.
A delay above 45 days is the gap between the dates on the report; we mark a filing late only after checking it.
"Not captured" means the band or the transaction type on the original report is missing from our data.
"Dates conflict" marks a row whose disclosure is dated before its trade on the record we hold. Both dates are printed as filed, and no since-the-trade figure is computed from them.
Every Congress trade in PANW, filterable by party, chamber, type and account.
Members of Congress reporting a position
12 members · estimate, as of Oct 20, 202612 members report a position of $1,000 or more (estimated). The largest estimated position is in the $250,001 - $500,000 band.
| Member | Party, chamber | Estimated position | Share of their portfolio |
|---|---|---|---|
| Sheldon Whitehouse | Democrat · Senate | $250,001 - $500,000 | 1.3% |
| John W. Hickenlooper | Democrat · Senate | $250,001 - $500,000 | 1.2% |
| Gilbert Ray Cisneros, Jr. | Democrat · House | $100,001 - $250,000 | 0.5% |
| Robert Bresnahan | Republican · House | $50,001 - $100,000 | 0.6% |
| Julie Johnson | Democrat · House | $50,001 - $100,000 | 0.4% |
| Jared Moskowitz | Democrat · House | $15,001 - $50,000 | 1.1% |
| Harriet M. Hageman | Republican · House | $15,001 - $50,000 | 0.5% |
| Lucy McBath | Democrat · House | $15,001 - $50,000 | 0.2% |
| Sam Liccardo | Democrat · House | $15,001 - $50,000 | 1.8% |
| William R. Keating | Democrat · House | $15,001 - $50,000 | 1.7% |
| John McGuire | Republican · House | $1,001 - $15,000 | 1.5% |
| Dan Newhouse | Republican · House | $1,001 - $15,000 | 1.1% |
A further member reports a position estimated under $1,000; that member is not listed.
Estimate, as of Oct 20, 2026. Each position is modelled from the member's disclosed transactions and annual filings: the midpoint of each disclosed band, moved with the stock's price since the trade. It is a rough estimate of a reported position, not a figure from a filing, which is why it is shown as a band. Share of portfolio sets that estimate against the member's whole estimated public-stock portfolio.
Questions
Are insiders buying or selling PANW?
Across the 20 most recent open-market filings shown here, 0 were purchases and 20 were sales. 6 were scheduled in advance under a Rule 10b5-1 plan.
Which members of Congress have traded PANW?
John McGuire, Josh Gottheimer, Alan Armstrong, Dan Newhouse, Ro Khanna, Gilbert Ray Cisneros, Jr. and others disclosed PANW transactions in the filings shown here.
Which members of Congress hold PANW?
12 members of Congress report a position of $1,000 or more in PANW in the estimate we hold as of Oct 20, 2026. The three largest estimated positions belong to Sheldon Whitehouse, John W. Hickenlooper and Gilbert Ray Cisneros, Jr. The estimate is built from disclosed transactions and annual filings, so it is shown as a band rather than a figure from a filing.
Is PANW in the S&P 500 or the Nasdaq 100?
Palo Alto Networks, Inc. is a current member of the S&P 500 and Nasdaq 100, per the membership list we hold as of Oct 26, 2026. Current members of either index get a page here whatever their filing history.
How quickly are PANW trades disclosed?
Insider filings on this page reached the public a median of 2 business days after the transaction (weekends and federal holidays skipped), against the two business days Form 4 allows. Congressional disclosures took a median of 25 days, against the 45 the STOCK Act allows.
How to read a Form 4
A DECISION THE INSIDER MADE
COMPENSATION PLUMBING
Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.
Data as of Oct 26, 2026.
