Vanguard Capital Management Discloses 7.44% Stake in Palo Alto Networks Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G indicating a significant new position in Palo Alto Networks Inc (PANW). As of the event date on March 31, 2026, the investment adviser reported beneficial ownership of 60,785,782 shares of Common Stock, representing a 7.44% ownership stake in the company. This filing marks an increase from a previously reported 0% position. The reported shares are held in the ordinary course of business, with Vanguard exercising sole dispositive power over the entire 60,785,782 shares and sole voting power over 8,020,126 shares. The filing includes holdings managed by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. In accordance with Rule 13d-1(b), Vanguard certified that the securities were not acquired for the purpose of changing or influencing the control of the issuer. The total value of the position is estimated at approximately $11.01 billion based on the filing data.