PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

BROWN CAPITAL MANAGEMENT LLC's Holding History (CIK: 0000885062)

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

Q4 2016

Shares 5,260 Value ($000) $658 Avg Close $23.96 Range $20.59 - $27.61

Q3 2016

Shares 20,265 Value ($000) $3,229 Avg Close $22.79 Range $19.50 - $26.67

Q2 2016

Shares 23,829 Value ($000) $2,922 Avg Close $23.16 Range $19.11 - $27.29

Q1 2016

Shares 31,444 Value ($000) $5,130 Avg Close $24.59 Range $18.52 - $28.96

Q4 2015

Shares 33,711 Value ($000) $5,938 Avg Close $28.85 Range $25.04 - $32.45

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	5,260	$658	$23.96	$20.59 - $27.61
Q3 2016	20,265	$3,229	$22.79	$19.50 - $26.67
Q2 2016	23,829	$2,922	$23.16	$19.11 - $27.29
Q1 2016	31,444	$5,130	$24.59	$18.52 - $28.96
Q4 2015	33,711	$5,938	$28.85	$25.04 - $32.45