PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

TRAN CAPITAL MANAGEMENT, L.P.'s Holding History (CIK: 0001009262)

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

Q4 2025

Shares 175,133 Value ($000) $32,259 Avg Close $201.75 Range $180.05 - $223.61

Q3 2025

Shares 175,264 Value ($000) $35,687 Avg Close $191.42 Range $165.21 - $210.39

Q2 2025

Shares 186,926 Value ($000) $38,253 Avg Close $185.70 Range $144.15 - $206.74

Q1 2025

Shares 189,400 Value ($000) $32,319 Avg Close $184.92 Range $165.88 - $208.39

Q4 2024

Shares 206,481 Value ($000) $37,571 Avg Close $188.91 Range $164.13 - $207.24

Q3 2024

Shares 108,623 Value ($000) $37,127 Avg Close $168.32 Range $142.01 - $187.69

Q2 2024

Shares 129,829 Value ($000) $44,013 Avg Close $149.57 Range $132.50 - $172.95

Q1 2024

Shares 132,965 Value ($000) $37,779 Avg Close $157.74 Range $130.04 - $190.42

Q4 2023

Shares 83,364 Value ($000) $24,582 Avg Close $133.70 Range $115.05 - $159.00

Q3 2023

Shares 73,099 Value ($000) $17,137 Avg Close $118.33 Range $100.58 - $129.44

Q2 2023

Shares 171,481 Value ($000) $43,815 Avg Close $104.05 Range $88.15 - $128.41

Q1 2023

Shares 269,776 Value ($000) $53,885 Avg Close $84.74 Range $66.11 - $100.15

Q4 2022

Shares 292,905 Value ($000) $40,872 Avg Close $80.29 Range $68.37 - $89.50

Q3 2022

Shares 310,933 Value ($000) $50,928 Avg Close $86.60 Range $77.20 - $96.47

Q2 2022

Shares 104,442 Value ($000) $51,588 Avg Close $88.67 Range $70.26 - $106.82

Q1 2022

Shares 108,000 Value ($000) $67,231 Avg Close $89.50 Range $75.96 - $105.98

Q4 2021

Shares 133,860 Value ($000) $74,528 Avg Close $86.50 Range $77.19 - $95.44

Q3 2021

Shares 137,459 Value ($000) $65,843 Avg Close $70.26 Range $59.73 - $82.65

Q2 2021

Shares 142,935 Value ($000) $53,036 Avg Close $59.25 Range $53.70 - $64.45

Q1 2021

Shares 142,861 Value ($000) $46,010 Avg Close $59.44 Range $51.93 - $67.17

Q4 2020

Shares 159,449 Value ($000) $56,667 Avg Close $46.72 Range $36.56 - $62.50

Q3 2020

Shares 154,957 Value ($000) $37,926 Avg Close $41.60 Range $37.86 - $45.84

Q2 2020

Shares 103,705 Value ($000) $23,818 Avg Close $35.23 Range $26.33 - $40.52

Q1 2020

Shares 88,078 Value ($000) $14,441 Avg Close $34.91 Range $20.91 - $41.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	175,133	$32,259	$201.75	$180.05 - $223.61
Q3 2025	175,264	$35,687	$191.42	$165.21 - $210.39
Q2 2025	186,926	$38,253	$185.70	$144.15 - $206.74
Q1 2025	189,400	$32,319	$184.92	$165.88 - $208.39
Q4 2024	206,481	$37,571	$188.91	$164.13 - $207.24
Q3 2024	108,623	$37,127	$168.32	$142.01 - $187.69
Q2 2024	129,829	$44,013	$149.57	$132.50 - $172.95
Q1 2024	132,965	$37,779	$157.74	$130.04 - $190.42
Q4 2023	83,364	$24,582	$133.70	$115.05 - $159.00
Q3 2023	73,099	$17,137	$118.33	$100.58 - $129.44
Q2 2023	171,481	$43,815	$104.05	$88.15 - $128.41
Q1 2023	269,776	$53,885	$84.74	$66.11 - $100.15
Q4 2022	292,905	$40,872	$80.29	$68.37 - $89.50
Q3 2022	310,933	$50,928	$86.60	$77.20 - $96.47
Q2 2022	104,442	$51,588	$88.67	$70.26 - $106.82
Q1 2022	108,000	$67,231	$89.50	$75.96 - $105.98
Q4 2021	133,860	$74,528	$86.50	$77.19 - $95.44
Q3 2021	137,459	$65,843	$70.26	$59.73 - $82.65
Q2 2021	142,935	$53,036	$59.25	$53.70 - $64.45
Q1 2021	142,861	$46,010	$59.44	$51.93 - $67.17
Q4 2020	159,449	$56,667	$46.72	$36.56 - $62.50
Q3 2020	154,957	$37,926	$41.60	$37.86 - $45.84
Q2 2020	103,705	$23,818	$35.23	$26.33 - $40.52
Q1 2020	88,078	$14,441	$34.91	$20.91 - $41.85