Insider and congress filings
Palo Alto Networks, Inc. (PANW)
About Palo Alto Networks, Inc.
from the company's filings and listing- Exchange
- NASDAQ
- Sector
- Technology
- Industry
- Software - Infrastructure
- Chief executive
- Nikesh Arora
- Employees
- 21,491
- Listed since
- Jul 20, 2012
- Market value
- $273.1B
- Price to earnings
- 728.5
- Earnings per share
- $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 |
| 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 marked GAAP compares a GAAP figure the company reported with an adjusted consensus, two different measures, so a one-time gain or charge can move it either way; basis unverified means we could not classify the reported figure. A flag reads n/a only when a number is missing. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for 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 2025 proxy statement, current executives only. 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 | Change | Of company |
|---|---|---|---|---|
| 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 | +100.0% | 1.30% |
| Nuveen, LLC | $3.1B | 9,013,366 | +12.7% | 1.20% |
A 13F reports long US equity positions 45 days after the quarter ends, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory.
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Open-market insider trades
20 filings of 368 on record| Insider | Action | Shares | Price | Value | Trade date | Delay |
|---|---|---|---|---|---|---|
| Josh D. PaulChief Accounting Officer | Sold · scheduled | 900 | $373.68 | $336K | Sep 1, 2026 | 2d |
| Josh D. PaulChief Accounting Officer | Sold · scheduled | 900 | $353.77 | $318K | Aug 25, 2026 | 2d |
| Helle Thorning-SchmidtDirector | Sold | 700 | $346.85 | $243K | Jul 7, 2026 | 1d |
| Aparna BawaDirector | Sold · 2 lines | 632 | $318.67 | $201K | Jun 29, 2026 | 2d |
| Josh D. PaulChief Accounting Officer | Sold | 900 | $345.00 | $311K | Jul 1, 2026 | 0d |
| Aparna BawaDirector | Sold | 290 | $348.74 | $101K | Jul 1, 2026 | 0d |
| Dipak GolechhaEVP, Chief Financial Officer | Sold · 6 lines | 5,000 | $289.56 | $1.4M | Jun 23, 2026 | 1d |
| Aparna BawaDirector | Sold | 345 | $290.17 | $100K | Jun 22, 2026 | 0d |
| James J. GoetzDirector | Sold · 5 lines | 20,000 | $279.90 | $5.6M | Jun 12, 2026 | 4d |
| John P. KeyDirector | Sold | 7,500 | $279.24 | $2.1M | Jun 12, 2026 | 0d |
| Aparna BawaDirector | Sold | 377 | $265.00 | $100K | Jun 10, 2026 | 2d |
| Aparna BawaDirector | Sold | 555 | $270.00 | $150K | Jun 11, 2026 | 1d |
| Aparna BawaDirector | Sold | 536 | $280.00 | $150K | Jun 12, 2026 | 0d |
| Josh D. PaulChief Accounting Officer | Sold | 1,100 | $285.08 | $314K | Jun 1, 2026 | 1d |
| Lee KlarichEVP Chief Product & Tech Ofcr | Sold · 12 lines | 62,904 | $258.65 | $16.3M | May 22, 2026 | 5d |
| Josh D. PaulChief Accounting Officer | Sold | 400 | $236.95 | $95K | May 20, 2026 | 2d |
| John P. KeyDirector | Sold | 1,572 | $173.32 | $272K | Apr 8, 2026 | 2d |
| Dipak GolechhaEVP, Chief Financial Officer | Sold · 3 lines | 5,000 | $160.42 | $802K | Apr 1, 2026 | 2d |
| Josh D. PaulChief Accounting Officer | Sold | 1,100 | $161.40 | $178K | Apr 1, 2026 | 2d |
| Nikesh AroraChief Executive Officer | Bought · 2 lines | 68,085 | $146.87 | $10.0M | Mar 27, 2026 | 0d |
One row is one filing. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count.
Congress trades in PANW
20 disclosures of 110 on record · median 24d of the 45 allowed| Member | Type | Action | Amount disclosed | Since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| John McGuireSpouse | Stock | Sale | $1,001 - $15,000 | +1.0%S&P +2.1% · vs S&P 500 -1.1% | Jul 31, 2026 | Aug 10, 2026 | 10d |
| Josh GottheimerJoint | Stock | Purchase | $1,001 - $15,000 | -5.3%S&P +1.6% · vs S&P 500 -6.9% | Jul 16, 2026 | Aug 10, 2026 | 25d |
| Alan ArmstrongSelfFiled late | Stock | Purchase | $1,001 - $15,000 | +127.9%S&P +20.2% · vs S&P 500 +107.7% | Mar 27, 2026 | Jul 21, 2026 | 116d |
| Dan NewhouseSpouse | Stock | Sale | $1,001 - $15,000 | +2.8%S&P +1.0% · vs S&P 500 +1.8% | Jul 10, 2026 | Jul 17, 2026 | 7d |
| Ro KhannaFiled late | Stock | Purchase | $1,001 - $15,000 | +35.4%S&P +3.2% · vs S&P 500 +32.1% | May 16, 2026 | Jul 6, 2026 | 51d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +32.5%S&P +2.6% · vs S&P 500 +29.9% | May 21, 2026 | Jun 9, 2026 | 19d |
| Josh GottheimerJoint | Stock | Purchase | $1,001 - $15,000 | +40.7%S&P +1.9% · vs S&P 500 +38.8% | May 14, 2026 | Jun 3, 2026 | 20d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +106.2%S&P +11.1% · vs S&P 500 +95.1% | Apr 13, 2026 | May 11, 2026 | 28d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +107.4%S&P +9.8% · vs S&P 500 +97.6% | Apr 14, 2026 | May 8, 2026 | 24d |
| Jared Moskowitz | Stock | Purchase | $1,001 - $15,000 | +109.0%S&P +17.3% · vs S&P 500 +91.7% | Mar 31, 2026 | Apr 30, 2026 | 30d |
| Jared Moskowitz | Stock | Purchase | $1,001 - $15,000 | +103.8%S&P +16.1% · vs S&P 500 +87.7% | Mar 23, 2026 | Apr 30, 2026 | 38d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +117.1%S&P +20.7% · vs S&P 500 +96.5% | Mar 30, 2026 | Apr 7, 2026 | 8d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +100.6%S&P +15.1% · vs S&P 500 +85.6% | Mar 13, 2026 | Apr 7, 2026 | 25d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +104.3%S&P +16.0% · vs S&P 500 +88.3% | Mar 23, 2026 | Apr 7, 2026 | 15d |
| Josh GottheimerJoint | Stock | Sale | $1,001 - $15,000 | +125.0%S&P +11.1% · vs S&P 500 +114.0% | Feb 27, 2026 | Mar 16, 2026 | 17d |
| Jonathan L. JacksonJoint | Stock | Sale | $50,001 - $100,000 | +116.5%S&P +12.5% · vs S&P 500 +104.0% | Feb 5, 2026 | Mar 12, 2026 | 35d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +136.5%S&P +10.9% · vs S&P 500 +125.7% | Feb 24, 2026 | Mar 9, 2026 | 13d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +117.7%S&P +13.0% · vs S&P 500 +104.7% | Feb 5, 2026 | Mar 9, 2026 | 32d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +105.0%S&P +11.6% · vs S&P 500 +93.4% | Feb 17, 2026 | Mar 9, 2026 | 20d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +86.0%S&P +10.6% · vs S&P 500 +75.4% | Jan 23, 2026 | Feb 6, 2026 | 14d |
Since the trade: the stock's move from the trade date to the latest close we hold, as of Sep 10, 2026, an estimate, with the S&P 500 over the same window and the difference against it. The figures describe the stock after the trade, not the member's result: the filing carries a band, not a fill, and a sale keeps the same sign, so a positive figure after a sale means the stock kept rising. An option row carries the underlying stock's move. A row marked n/a has no market price. Not investment advice.
Members of Congress reporting a position
13 members · estimate, as of Sep 10, 202613 members report a position (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 | 1.3% |
| Gilbert Ray Cisneros, Jr. | Democrat · House | $100,001 - $250,000 | 0.5% |
| Markwayne Mullin | Republican · Senate | $100,001 - $250,000 | 0.5% |
| Marjorie Taylor Greene | Republican · House | $50,001 - $100,000 | 1.9% |
| Robert Bresnahan | Republican · House | $50,001 - $100,000 | 0.5% |
| 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 | $1,001 - $15,000 | 0.5% |
| Sam Liccardo | Democrat · House | $1,001 - $15,000 | 1.8% |
| William R. Keating | Democrat · House | $1,001 - $15,000 | 1.7% |
| John McGuire | Republican · House | $1,001 - $15,000 | 1.5% |
| Dan Newhouse | Republican · House | $1,001 - $15,000 | 1.1% |
A further 1 member reports a position estimated under $1,000; those are not listed.
Estimate, as of Sep 10, 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.
Awards, option exercises and gifts (20)
| Insider | Event | Shares | Date |
|---|---|---|---|
| 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 |
| Josh D. PaulChief Accounting Officer | Tax withholding | 947 | Apr 1, 2026 |
| Josh D. PaulChief Accounting Officer | Stock award | 26,369 | Mar 10, 2026 |
| Lee KlarichEVP Chief Product & Tech Ofcr | Stock award | 70 | Feb 12, 2026 |
| Nikesh AroraChief Executive Officer | Stock award | 165 | Feb 12, 2026 |
| Josh D. PaulChief Accounting Officer | Stock award | 14,393 | Aug 19, 2025 |
| Lee KlarichEVP Chief Product & Tech Ofcr | Option exercise | 92,010 | Jan 8, 2026 |
| Lee KlarichEVP Chief Product & Tech Ofcr | Gift | 50,000 | Dec 10, 2025 |
| Mark A. GoodburnDirector | Stock award | 4,944 | Dec 10, 2025 |
| Mary Pat McCarthyDirector | Stock award | 2,033 | Dec 9, 2025 |
| John DonovanDirector | Stock award | 2,516 | Dec 9, 2025 |
| Aparna BawaDirector | Stock award | 2,160 | Dec 9, 2025 |
| Carl M. EschenbachDirector | Stock award | 1,881 | Dec 9, 2025 |
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.
Questions
Are insiders buying or selling PANW?
Across the 20 most recent open-market filings shown here, 1 was a purchase and 19 were sales. 2 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?
13 members of Congress report a position in PANW in the estimate we hold as of Sep 10, 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 Sep 10, 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 days after the transaction, against the two business days Form 4 allows. Congressional disclosures took a median of 24 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 Sep 10, 2026.