PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

TEACHER RETIREMENT SYSTEM OF TEXAS's Holding History (CIK: 0000796848)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 121,770 Value ($000) $22,430 Avg Close $201.75 Range $180.05 - $223.61

Q3 2025

Shares 102,883 Value ($000) $20,949 Avg Close $191.42 Range $165.21 - $210.39

Q2 2025

Shares 328,824 Value ($000) $67,291 Avg Close $185.70 Range $144.15 - $206.74

Q1 2025

Shares 150,993 Value ($000) $25,765 Avg Close $184.92 Range $165.88 - $208.39

Q4 2024

Shares 236,474 Value ($000) $43 Avg Close $188.91 Range $164.13 - $207.24

Q3 2024

Shares 20,915 Value ($000) $7 Avg Close $168.32 Range $142.01 - $187.69

Q2 2024

Shares 6,282 Value ($000) $2 Avg Close $149.57 Range $132.50 - $172.95

Q1 2024

Shares 8,019 Value ($000) $2 Avg Close $157.74 Range $130.04 - $190.42

Q4 2023

Shares 38,720 Value ($000) $11 Avg Close $133.70 Range $115.05 - $159.00

Q3 2023

Shares 66,214 Value ($000) $16 Avg Close $118.33 Range $100.58 - $129.44

Q2 2023

Shares 55,176 Value ($000) $14 Avg Close $104.05 Range $88.15 - $128.41

Q1 2023

Shares 144,516 Value ($000) $29 Avg Close $84.74 Range $66.11 - $100.15

Q4 2022

Shares 175,390 Value ($000) $24 Avg Close $80.29 Range $68.37 - $89.50

Q3 2022

Shares 132,494 Value ($000) $21,701 Avg Close $86.60 Range $77.20 - $96.47

Q2 2022

Shares 32,091 Value ($000) $15,851 Avg Close $88.67 Range $70.26 - $106.82

Q1 2022

Shares 35,272 Value ($000) $21,957 Avg Close $89.50 Range $75.96 - $105.98

Q4 2021

Shares 47,076 Value ($000) $26,210 Avg Close $86.50 Range $77.19 - $95.44

Q3 2021

Shares 33,139 Value ($000) $15,874 Avg Close $70.26 Range $59.73 - $82.65

Q2 2021

Shares 53,039 Value ($000) $19,680 Avg Close $59.25 Range $53.70 - $64.45

Q1 2021

Shares 50,594 Value ($000) $16,294 Avg Close $59.44 Range $51.93 - $67.17

Q4 2020

Shares 30,848 Value ($000) $10,963 Avg Close $46.72 Range $36.56 - $62.50

Q3 2020

Shares 61,825 Value ($000) $15,132 Avg Close $41.60 Range $37.86 - $45.84

Q2 2020

Shares 66,185 Value ($000) $15,201 Avg Close $35.23 Range $26.33 - $40.52

Q1 2020

Shares 31,367 Value ($000) $5,143 Avg Close $34.91 Range $20.91 - $41.85

Q4 2019

Shares 63,670 Value ($000) $14,724 Avg Close $37.82 Range $33.75 - $41.83

Q3 2019

Shares 81,201 Value ($000) $16,551 Avg Close $35.39 Range $32.03 - $38.32

Q2 2019

Shares 70,220 Value ($000) $14,308 Avg Close $37.41 Range $32.45 - $41.82

Q1 2019

Shares 70,220 Value ($000) $17,055 Avg Close $37.09 Range $29.80 - $43.44

Q4 2018

Shares 95,013 Value ($000) $17,896 Avg Close $31.18 Range $26.68 - $38.18

Q3 2018

Shares 102,904 Value ($000) $23,180 Avg Close $36.40 Range $32.27 - $39.92

Q2 2018

Shares 110,718 Value ($000) $22,749 Avg Close $33.34 Range $29.60 - $36.23

Q1 2018

Shares 112,414 Value ($000) $20,405 Avg Close $27.78 Range $24.18 - $31.92

Q4 2017

Shares 117,214 Value ($000) $16,989 Avg Close $24.33 Range $22.64 - $26.14

Q3 2017

Shares 292,185 Value ($000) $42,104 Avg Close $22.77 Range $21.09 - $24.79

Q2 2017

Shares 237,635 Value ($000) $31,798 Avg Close $20.20 Range $17.89 - $23.55

Q1 2017

Shares 98,618 Value ($000) $11,112 Avg Close $22.36 Range $18.34 - $26.27

Q4 2016

Shares 106,647 Value ($000) $13,336 Avg Close $23.96 Range $20.59 - $27.61

Q3 2016

Shares 97,314 Value ($000) $15,505 Avg Close $22.79 Range $19.50 - $26.67

Q2 2016

Shares 96,800 Value ($000) $11,872 Avg Close $23.16 Range $19.11 - $27.29

Q1 2016

Shares 82,176 Value ($000) $13,406 Avg Close $24.59 Range $18.52 - $28.96

Q4 2015

Shares 35,842 Value ($000) $6,313 Avg Close $28.85 Range $25.04 - $32.45

Q3 2015

Shares 11,998 Value ($000) $2,064 Avg Close $29.50 Range $23.40 - $33.42

Q2 2015

Shares 18,189 Value ($000) $3,178 Avg Close $26.69 Range $23.26 - $30.83

Q1 2015

Shares 2,075 Value ($000) $303 Avg Close $22.39 Range $19.60 - $25.07

Q4 2014

Shares 2,050 Value ($000) $251 Avg Close $18.43 Range $14.64 - $21.37

Q3 2014

Shares 1,832 Value ($000) $180 Avg Close $14.35 Range $12.19 - $17.07

Q2 2014

Shares 1,739 Value ($000) $146 Avg Close $11.67 Range $9.58 - $14.30

Q1 2014

Shares 1,884 Value ($000) $129 Avg Close $11.35 Range $9.12 - $13.47

Q4 2013

Shares 797 Value ($000) $46 Avg Close $7.92 Range $6.73 - $9.65

Q3 2013

Shares 2,617 Value ($000) $120 Avg Close $7.89 Range $6.82 - $8.48

Q2 2013

Shares 1,413 Value ($000) $60 Avg Close $8.33 Range $6.51 - $9.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	121,770	$22,430	$201.75	$180.05 - $223.61
Q3 2025	102,883	$20,949	$191.42	$165.21 - $210.39
Q2 2025	328,824	$67,291	$185.70	$144.15 - $206.74
Q1 2025	150,993	$25,765	$184.92	$165.88 - $208.39
Q4 2024	236,474	$43	$188.91	$164.13 - $207.24
Q3 2024	20,915	$7	$168.32	$142.01 - $187.69
Q2 2024	6,282	$2	$149.57	$132.50 - $172.95
Q1 2024	8,019	$2	$157.74	$130.04 - $190.42
Q4 2023	38,720	$11	$133.70	$115.05 - $159.00
Q3 2023	66,214	$16	$118.33	$100.58 - $129.44
Q2 2023	55,176	$14	$104.05	$88.15 - $128.41
Q1 2023	144,516	$29	$84.74	$66.11 - $100.15
Q4 2022	175,390	$24	$80.29	$68.37 - $89.50
Q3 2022	132,494	$21,701	$86.60	$77.20 - $96.47
Q2 2022	32,091	$15,851	$88.67	$70.26 - $106.82
Q1 2022	35,272	$21,957	$89.50	$75.96 - $105.98
Q4 2021	47,076	$26,210	$86.50	$77.19 - $95.44
Q3 2021	33,139	$15,874	$70.26	$59.73 - $82.65
Q2 2021	53,039	$19,680	$59.25	$53.70 - $64.45
Q1 2021	50,594	$16,294	$59.44	$51.93 - $67.17
Q4 2020	30,848	$10,963	$46.72	$36.56 - $62.50
Q3 2020	61,825	$15,132	$41.60	$37.86 - $45.84
Q2 2020	66,185	$15,201	$35.23	$26.33 - $40.52
Q1 2020	31,367	$5,143	$34.91	$20.91 - $41.85
Q4 2019	63,670	$14,724	$37.82	$33.75 - $41.83
Q3 2019	81,201	$16,551	$35.39	$32.03 - $38.32
Q2 2019	70,220	$14,308	$37.41	$32.45 - $41.82
Q1 2019	70,220	$17,055	$37.09	$29.80 - $43.44
Q4 2018	95,013	$17,896	$31.18	$26.68 - $38.18
Q3 2018	102,904	$23,180	$36.40	$32.27 - $39.92
Q2 2018	110,718	$22,749	$33.34	$29.60 - $36.23
Q1 2018	112,414	$20,405	$27.78	$24.18 - $31.92
Q4 2017	117,214	$16,989	$24.33	$22.64 - $26.14
Q3 2017	292,185	$42,104	$22.77	$21.09 - $24.79
Q2 2017	237,635	$31,798	$20.20	$17.89 - $23.55
Q1 2017	98,618	$11,112	$22.36	$18.34 - $26.27
Q4 2016	106,647	$13,336	$23.96	$20.59 - $27.61
Q3 2016	97,314	$15,505	$22.79	$19.50 - $26.67
Q2 2016	96,800	$11,872	$23.16	$19.11 - $27.29
Q1 2016	82,176	$13,406	$24.59	$18.52 - $28.96
Q4 2015	35,842	$6,313	$28.85	$25.04 - $32.45
Q3 2015	11,998	$2,064	$29.50	$23.40 - $33.42
Q2 2015	18,189	$3,178	$26.69	$23.26 - $30.83
Q1 2015	2,075	$303	$22.39	$19.60 - $25.07
Q4 2014	2,050	$251	$18.43	$14.64 - $21.37
Q3 2014	1,832	$180	$14.35	$12.19 - $17.07
Q2 2014	1,739	$146	$11.67	$9.58 - $14.30
Q1 2014	1,884	$129	$11.35	$9.12 - $13.47
Q4 2013	797	$46	$7.92	$6.73 - $9.65
Q3 2013	2,617	$120	$7.89	$6.82 - $8.48
Q2 2013	1,413	$60	$8.33	$6.51 - $9.43