PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

FARMERS & MERCHANTS INVESTMENTS INC's Holding History (CIK: 0001259969)

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

Q4 2025

Shares 92,978 Value ($000) $17,127 Avg Close $201.75 Range $180.05 - $223.61

Q3 2025

Shares 90,643 Value ($000) $18,457 Avg Close $191.42 Range $165.21 - $210.39

Q2 2025

Shares 96,053 Value ($000) $19,656 Avg Close $185.70 Range $144.15 - $206.74

Q1 2025

Shares 90,524 Value ($000) $15,447 Avg Close $184.92 Range $165.88 - $208.39

Q4 2024

Shares 81,720 Value ($000) $14,870 Avg Close $188.91 Range $164.13 - $207.24

Q3 2024

Shares 40,173 Value ($000) $13,731 Avg Close $168.32 Range $142.01 - $187.69

Q2 2024

Shares 34,923 Value ($000) $11,839 Avg Close $149.57 Range $132.50 - $172.95

Q1 2024

Shares 23,993 Value ($000) $6,817 Avg Close $157.74 Range $130.04 - $190.42

Q4 2023

Shares 205 Value ($000) $60 Avg Close $133.70 Range $115.05 - $159.00

Q3 2023

Shares 211 Value ($000) $49 Avg Close $118.33 Range $100.58 - $129.44

Q2 2023

Shares 190 Value ($000) $49 Avg Close $104.05 Range $88.15 - $128.41

Q1 2023

Shares 17 Value ($000) $3 Avg Close $84.74 Range $66.11 - $100.15

Q3 2022

Shares 180 Value ($000) $29 Avg Close $86.60 Range $77.20 - $96.47

Q2 2022

Shares 60 Value ($000) $30 Avg Close $88.67 Range $70.26 - $106.82

Q1 2022

Shares 52 Value ($000) $32 Avg Close $89.50 Range $75.96 - $105.98

Q4 2021

Shares 66 Value ($000) $37 Avg Close $86.50 Range $77.19 - $95.44

Q3 2021

Shares 66 Value ($000) $32 Avg Close $70.26 Range $59.73 - $82.65

Q2 2021

Shares 235 Value ($000) $87 Avg Close $59.25 Range $53.70 - $64.45

Q1 2021

Shares 235 Value ($000) $76 Avg Close $59.44 Range $51.93 - $67.17

Q4 2020

Shares 225 Value ($000) $80 Avg Close $46.72 Range $36.56 - $62.50

Q3 2020

Shares 225 Value ($000) $55 Avg Close $41.60 Range $37.86 - $45.84

Q2 2020

Shares 225 Value ($000) $52 Avg Close $35.23 Range $26.33 - $40.52

Q1 2020

Shares 225 Value ($000) $37 Avg Close $34.91 Range $20.91 - $41.85

Q4 2019

Shares 10 Value ($000) $2 Avg Close $37.82 Range $33.75 - $41.83

Q3 2019

Shares 10 Value ($000) $2 Avg Close $35.39 Range $32.03 - $38.32

Q2 2019

Shares 10 Value ($000) $2 Avg Close $37.41 Range $32.45 - $41.82

Q1 2019

Shares 10 Value ($000) $2 Avg Close $37.09 Range $29.80 - $43.44

Q4 2018

Shares 10 Value ($000) $2 Avg Close $31.18 Range $26.68 - $38.18

Q3 2018

Shares 10 Value ($000) $2 Avg Close $36.40 Range $32.27 - $39.92

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	92,978	$17,127	$201.75	$180.05 - $223.61
Q3 2025	90,643	$18,457	$191.42	$165.21 - $210.39
Q2 2025	96,053	$19,656	$185.70	$144.15 - $206.74
Q1 2025	90,524	$15,447	$184.92	$165.88 - $208.39
Q4 2024	81,720	$14,870	$188.91	$164.13 - $207.24
Q3 2024	40,173	$13,731	$168.32	$142.01 - $187.69
Q2 2024	34,923	$11,839	$149.57	$132.50 - $172.95
Q1 2024	23,993	$6,817	$157.74	$130.04 - $190.42
Q4 2023	205	$60	$133.70	$115.05 - $159.00
Q3 2023	211	$49	$118.33	$100.58 - $129.44
Q2 2023	190	$49	$104.05	$88.15 - $128.41
Q1 2023	17	$3	$84.74	$66.11 - $100.15
Q3 2022	180	$29	$86.60	$77.20 - $96.47
Q2 2022	60	$30	$88.67	$70.26 - $106.82
Q1 2022	52	$32	$89.50	$75.96 - $105.98
Q4 2021	66	$37	$86.50	$77.19 - $95.44
Q3 2021	66	$32	$70.26	$59.73 - $82.65
Q2 2021	235	$87	$59.25	$53.70 - $64.45
Q1 2021	235	$76	$59.44	$51.93 - $67.17
Q4 2020	225	$80	$46.72	$36.56 - $62.50
Q3 2020	225	$55	$41.60	$37.86 - $45.84
Q2 2020	225	$52	$35.23	$26.33 - $40.52
Q1 2020	225	$37	$34.91	$20.91 - $41.85
Q4 2019	10	$2	$37.82	$33.75 - $41.83
Q3 2019	10	$2	$35.39	$32.03 - $38.32
Q2 2019	10	$2	$37.41	$32.45 - $41.82
Q1 2019	10	$2	$37.09	$29.80 - $43.44
Q4 2018	10	$2	$31.18	$26.68 - $38.18
Q3 2018	10	$2	$36.40	$32.27 - $39.92