SCHEDULE: Vanguard Group Reports Zero Palo Alto Networks Stake

The Vanguard Group reports zero beneficial ownership in Palo Alto Networks Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 11 to Schedule 13G for Palo Alto Networks Inc. (CUSIP: 697435105).
• As of the event date March 13, 2026, The Vanguard Group reports 0.00 shares beneficially owned, representing 0% of the class of Common Stock.
• This change is due to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Certain subsidiaries or business divisions of Vanguard will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a procedural update regarding an institutional investor's reporting structure and does not reflect a change in investment thesis or operational performance for Palo Alto Networks Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Palo Alto Networks Inc.'s future performance or operations.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Industry Context

StockSavvy.ai notes this filing is a procedural update reflecting a change in how a major institutional investor, The Vanguard Group, reports its holdings, rather than a strategic investment decision regarding Palo Alto Networks. It indicates a shift in internal reporting structure for Vanguard's various investment entities.

Stakeholder Impact

• Shareholders of Palo Alto Networks Inc. will see a change in how The Vanguard Group's overall beneficial ownership is reported, with holdings now disaggregated among Vanguard's subsidiaries, rather than consolidated under The Vanguard Group, Inc.

Next Steps

• Vanguard Group's subsidiaries and/or business divisions will now report their beneficial ownership separately on a disaggregated basis.

Key Dates

Keywords

Palo Alto Networks, Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Ownership, Cybersecurity, Investment Management