PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

Ranger Investment Management, L.P.'s Holding History (CIK: 0001319691)

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

Q1 2017

Shares 2,980 Value ($000) $336 Avg Close $22.36 Range $18.34 - $26.27

Q4 2016

Shares 2,230 Value ($000) $279 Avg Close $23.96 Range $20.59 - $27.61

Q3 2016

Shares 2,230 Value ($000) $355 Avg Close $22.79 Range $19.50 - $26.67

Q2 2016

Shares 2,250 Value ($000) $276 Avg Close $23.16 Range $19.11 - $27.29

Q1 2016

Shares 1,475 Value ($000) $241 Avg Close $24.59 Range $18.52 - $28.96

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	2,980	$336	$22.36	$18.34 - $26.27
Q4 2016	2,230	$279	$23.96	$20.59 - $27.61
Q3 2016	2,230	$355	$22.79	$19.50 - $26.67
Q2 2016	2,250	$276	$23.16	$19.11 - $27.29
Q1 2016	1,475	$241	$24.59	$18.52 - $28.96