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Held by 1,108 of 2,417 reporting institutions (100th percentile) — extremely crowded.
Data as of Q3 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $1.00B buybacks = $1.00B returned on $4.11B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
The same 3 years as the 3-yr average, with the stock compensation of those years charged as a cost. Shares issued to employees are real dilution, so this asks what the business generates for existing holders.
To be worth $365.87 today, the market must believe free cash flow compounds 38.2%/yr for a decade (off $2.18B on the SBC-adjusted basis).
On the basis ($3.56B) the requirement is 30.9%/yr. The difference is what charging stock compensation costs.
The market's 38.2% is more optimistic than its 9-yr track record.
Default is 11.5% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.82B shares (market data) · net debt -$2.51B
mean 46.7% · volatility σ 76% · implied rate exceeded in 4/9 yrs
Central path = implied 38.2%/yr growth; shaded band = ±1σ (76%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Interest last disclosed in FY2025 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.48B 100.0% | $9.22B 100.0% | $8.03B 100.0% | $6.89B 100.0% | $5.50B 100.0% | $4.26B 100.0% | $3.41B 100.0% | $2.90B 100.0% | $2.27B 100.0% | $1.76B 100.0% |
| Cost of Revenue | $3.40B 29.6% | $2.45B 26.6% | $2.06B 25.7% | $1.91B 27.7% | $1.72B 31.2% | $1.27B 30.0% | $999.5M 29.3% | $808.4M 27.9% | $645.1M 28.4% | $476.4M 27.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $272.4M 12.0% | $201.4M 11.4% |
| Cost of Services | — | — | — | — | — | — | — | — | $372.9M 16.4% | $275.2M 15.6% |
| Gross Profit | $8.08B 70.4% | $6.77B 73.4% | $5.97B 74.3% | $4.98B 72.3% | $3.78B 68.8% | $2.98B 70.0% | $2.41B 70.7% | $2.09B 72.1% | $1.63B 71.6% | $1.28B 72.6% |
| Research & Development | $2.55B 22.2% | $1.98B 21.5% | $1.81B 22.5% | $1.60B 23.3% | $1.42B 25.8% | $1.14B 26.8% | $768.1M 22.5% | $539.5M 18.6% | $400.7M 17.6% | $347.4M 19.7% |
| Selling, General & Admin | $899.0M 7.8% | $443.0M 4.8% | $680.0M 8.5% | $447.7M 6.5% | $405.0M 7.4% | $391.1M 9.2% | $299.6M 8.8% | $261.8M 9.0% | $257.8M 11.3% | $198.3M 11.3% |
| Total Operating Expenses | $7.38B 64.3% | $5.53B 59.9% | $5.28B 65.8% | $4.60B 66.7% | $3.97B 72.2% | $3.29B 77.2% | $2.59B 75.9% | $2.15B 74.0% | $1.73B 76.2% | $1.44B 82.0% |
| Operating Income | $695.0M 6.1% | $1.24B 13.5% | $684.0M 8.5% | $387.3M 5.6% | -$188.8M -3.4% | -$304.1M -7.1% | -$179.0M -5.3% | -$54.1M -1.9% | -$104.2M -4.6% | -$165.8M -9.4% |
| Interest Expense | $0 0.0% | $3.0M 0.0% | $8.3M 0.1% | $27.2M 0.4% | $27.4M 0.5% | $163.3M 3.8% | $88.7M 2.6% | $83.9M 2.9% | $29.6M 1.3% | $24.5M 1.4% |
| Interest & Investment Income | $374.0M 3.3% | $364.0M 3.9% | $318.0M 4.0% | $224.4M 3.3% | $15.6M 0.3% | $8.5M 0.2% | $41.4M 1.2% | $69.8M 2.4% | $27.1M 1.2% | $14.7M 0.8% |
| Other Income (Expense), net | $64.0M 0.6% | $25.0M 0.3% | -$6.0M -0.1% | -$10.3M -0.1% | -$8.4M -0.2% | -$700K -0.0% | $1.2M 0.0% | -$2.9M -0.1% | $28.5M 1.3% | $10.2M 0.6% |
| Pretax Income | $536.0M 4.7% | $1.60B 17.3% | $988.0M 12.3% | $566.3M 8.2% | -$207.2M -3.8% | -$465.0M -10.9% | -$231.8M -6.8% | -$74.6M -2.6% | -$105.3M -4.6% | -$180.1M -10.2% |
| Income Tax Expense | $229.0M 2.0% | $462.0M 5.0% | -$1.59B -19.8% | $126.6M 1.8% | $59.8M 1.1% | $33.9M 0.8% | $35.2M 1.0% | $7.3M 0.3% | $16.9M 0.7% | $22.9M 1.3% |
| Net Income | $307.0M 2.7% | $1.13B 12.3% | $2.58B 32.1% | $439.7M 6.4% | -$267.0M -4.9% | -$498.9M -11.7% | -$267.0M -7.8% | -$81.9M -2.8% | -$122.2M -5.4% | -$203.0M -11.5% |
| Per Share | ||||||||||
| EPS (Basic) | $0.41 | $1.71 | $4.04 | $0.73 | -$0.90 | -$1.73 | -$2.76 | -$0.87 | — | — |
| EPS (Diluted) | $0.40 | $1.60 | $3.64 | $0.64 | -$0.90 | -$1.73 | -$2.76 | -$0.87 | — | — |
| Weighted Avg Shares (Basic) | 749.0M | 663.0M | 638.0M | 606.4M | 295.6M | 289.1M | 96.9M | 94.5M | — | — |
| Weighted Avg Shares (Diluted) | 764.0M | 709.0M | 708.0M | 684.5M | 295.6M | 289.1M | 96.9M | 94.5M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 35 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAPL | $5.03T | 46.2× | 35.1× | 12.1× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.4× | 2,417 |
| CSCO | $412.0B | 31.4× | 27.0× | 6.5× | 11.8% | 64.5% | 21.0% | 26.4% | 16.6% | 1.4× | 1,514 |
| PANW | $299.4B | — | 191.6× | 26.1× | 24.5% | 70.4% | 2.7% | 1.1% | 1.1% | -1.6× | 1,108 |
| DELL | $269.8B | 48.9× | 25.9× | 2.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 1.8× | 778 |
| IBM | $243.7B | 23.1× | 23.5× | 3.6× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | 3.9× | 1,285 |
| ANET | $213.0B | 61.4× | 53.7× | 23.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | -0.5× | 782 |
| SNDK | $166.3B | 15.6× | 12.9× | 8.2× | 175% | 71.5% | 56.5% | 72.7% | 72.7% | -0.4× | 551 |
| STX | $148.3B | 46.4× | 34.4× | 12.2× | 34.1% | 45.6% | 26.1% | 147% | 55.5% | 0.4× | 623 |
| WDC | $137.0B | 15.1× | 28.5× | 10.6× | 35.7% | 48.9% | 72.9% | 106% | 85.9% | 0.1× | 513 |
| FTNT | $99.8B | 56.2× | 44.0× | 14.7× | 14.2% | 80.5% | 27.3% | 150% | 83.0% | -0.7× | 536 |
| HPE | $73.1B | — | 39.0× | 2.1× | 13.8% | — | 0.2% | 0.2% | 0.1% | 7.2× | 498 |
| P | $42.3B | 230.9× | 164.8× | 11.6× | 15.6% | 70.4% | 5.1% | 13.0% | 13.0% | -3.4× | — |
| NTAP | $39.1B | 31.4× | 21.3× | 6.3× | 5.6% | 78.5% | 20.5% | 94.4% | 33.2% | 0.2× | 305 |
| HPQ | $26.0B | 10.9× | 7.8× | 0.5× | 3.2% | 20.6% | 4.6% | -731% | 27.1% | 1.5× | 362 |
| SMCI | $21.6B | 10.1× | 6.4× | 0.6× | 77.8% | 10.8% | 5.7% | 15.4% | 12.0% | -1.2× | 212 |
| FFIV | $19.2B | 28.7× | 20.8× | 6.2× | 9.7% | 81.4% | 22.4% | 19.3% | 19.3% | -1.6× | 222 |
| LOGI | $13.5B | 19.9× | 14.1× | 2.8× | 6.3% | 43.2% | 14.7% | 32.2% | 32.2% | -2.1× | 80 |
| NATL | $3.4B | 21.4× | 7.5× | 0.8× | 1.1% | — | 3.7% | 40.2% | 5.1% | 3.0× | 73 |
| EXTR | $3.0B | 72.9× | 37.5× | 2.3× | 12.6% | 61.5% | 3.3% | 47.5% | 16.7% | -0.6× | 58 |
| DGII | $2.8B | 67.3× | 32.1× | 6.4× | 1.5% | 62.9% | 9.5% | 6.4% | 5.1% | 1.5× | 63 |
| DBD | $1.8B | 21.7× | 6.5× | 0.5× | 1.5% | 25.3% | 2.5% | 8.6% | 4.6% | 1.5× | 33 |
| ATEN | $1.8B | 43.0× | 31.1× | 6.1× | 11.0% | 79.3% | 14.5% | 19.9% | 9.8% | 2.4× | 51 |
| OMCL | $1.7B | — | 17.5× | 1.4× | 6.5% | 42.5% | 0.2% | 0.2% | 0.2% | -2.3× | 47 |
| CRSR | $1.4B | — | 86.5× | 0.9× | 11.9% | 28.9% | -1.1% | -2.6% | -2.1% | 1.5× | 38 |
| VYX | $1.2B | 28.3× | 7.9× | 0.4× | -4.6% | — | 2.3% | 6.5% | 3.0% | 3.4× | 62 |
Peers = companies sharing PANW's sector (Computer Peripheral Equipment, NEC) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-30
Where each multiple sits in its own 14-yr range · 66th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 1% against ROIC 1% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 27.9 | 29.3 | 30.0 | 31.2 | 27.7 | 25.7 | 26.6 | 29.6 |
| Gross Profit | 72.1 | 70.7 | 70.0 | 68.8 | 72.3 | 74.3 | 73.4 | 70.4 |
| R&D | 18.6 | 22.5 | 26.8 | 25.8 | 23.3 | 22.5 | 21.5 | 22.2 |
| SG&A | 9.0 | 8.8 | 9.2 | 7.4 | 6.5 | 8.5 | 4.8 | 7.8 |
| Operating Income | -1.9 | -5.3 | -7.1 | -3.4 | 5.6 | 8.5 | 13.5 | 6.1 |
| Income Tax | 0.3 | 1.0 | 0.8 | 1.1 | 1.8 | -19.8 | 5.0 | 2.0 |
| Net Income | -2.8 | -7.8 | -11.7 | -4.9 | 6.4 | 32.1 | 12.3 | 2.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PANW: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -6.59pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | -10.6% | 11.5% (today's — no rate published for this year) | -22.1pts |
| FY2021 | -12.4% | 11.5% (today's — no rate published for this year) | -23.9pts |
| FY2022 | -8.5% | 7.9% | -16.4pts |
| FY2023 | 12.6% | 9.3% | 3.3pts |
| FY2024 | 16.1% | 9.8% | 6.4pts |
| FY2025 | 20.2% | 10.3% | 9.9pts |
| FY2026 | 2.7% | 11.5% (today's — no rate published for this year) | -8.8pts |
| Now | 1.1% | 11.5% | -10.4pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | 72.6% | -9.4% | -11.5% |
| FY2018 | 71.6% | -4.6% | -5.4% |
| FY2019 | 72.1% | -1.9% | -2.8% |
| FY2020 | 70.7% | -5.3% | -7.8% |
| FY2021 | 70.0% | -7.1% | -11.7% |
| FY2022 | 68.8% | -3.4% | -4.9% |
| FY2023 | 72.3% | 5.6% | 6.4% |
| FY2024 | 74.3% | 8.5% | 32.1% |
| FY2025 | 73.4% | 13.5% | 12.3% |
| FY2026 | 70.4% | 6.1% | 2.7% |
Return on equity (1%) and return on invested capital (1%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Margins have compressed 2 years running even as the spread stayed positive.
Cash conversion is 5.91x but SBC is 15.45% of revenue.
Cash conversion is strong at 5.91x, but SBC is 15.45% of revenue — the cash flow looks clean partly because paying people in stock never passes through it. Buybacks of $1.00B covered 56% of the $1.77B charge, so the repurchase is absorbing dilution rather than returning capital.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2026-07-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: interest_expense.
At $365.87, free cash flow must compound 38.25%/yr for 10 years. It has done 55.9%/yr over 6 years after stock compensation.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | 202.3% | 38.3% |
| FY2022 | 58.5% | 38.3% |
| FY2023 | 99.4% | 38.3% |
| FY2024 | 30.1% | 38.3% |
| FY2025 | 7.4% | 38.3% |
| FY2026 | 7.6% | 38.3% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
This is solved on free cash flow AFTER stock compensation ($2.18B against $3.56B before it). On the unadjusted figure the requirement would be 30.97%/yr. Which is right depends on whether you think the share issuance is a recurring cost of running the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $307M | $307M |
| Share-based comp | $1.77B | $2.08B |
| Other non-cash & working capital | $2.47B | $4.55B |
| Operating cash flow | $4.55B | $4.55B |
| Capex | −$440M | $4.11B |
| Free cash flow | $4.11B | $4.11B |
| FCF after SBC | $2.34B | $2.34B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | 24.9% | 19.6% | -5.3 points |
| FY2022 | 29.3% | 72.7% | 43.5 points |
| FY2023 | 25.3% | 15.0% | -10.3 points |
| FY2024 | 16.5% | 6.3% | -10.2 points |
| FY2025 | 14.9% | 13.2% | -1.6 points |
| FY2026 | 24.5% | 22.4% | -2.1 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2020 | 111.1 days | not reported | 23.2 days | 87.8 days |
| FY2021 | 106.4 days | not reported | 16.3 days | 90.1 days |
| FY2022 | 142.1 days | not reported | 27.2 days | 115 days |
| FY2023 | 130.4 days | not reported | 25.3 days | 105.2 days |
| FY2024 | 119.1 days | 20.5 days | 20.6 days | 119 days |
| FY2025 | 117.4 days | 16.8 days | 34.5 days | 99.6 days |
| FY2026 | 115.4 days | 12.5 days | 31.1 days | 96.8 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | -14.4 percent |
| FY2021 | -19.6 percent |
| FY2022 | -18.4 percent |
| FY2023 | -16.1 percent |
| FY2024 | -3.4 percent |
| FY2025 | -10.9 percent |
| FY2026 | -8.8 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 6 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2026) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-12 | Arora Nikesh Chief Executive Officer | Otherindirect | 500,000 | — | — |
| 2026-10-09 | 2 co-filers Group filing | Open-market saleindirect | 170 | $410.00 | $70k |
| 2026-10-09 | 2 co-filers Group filing | Open-market saleindirect | 80 | $417.13 | $33k |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| 2026-10-08 |
Klarich Lee EVP Chief Product & Tech Ofcr |
| Giftindirect |
| 60,000 |
| $0.00 |
| $0 |
| 2026-10-01 | 2 co-filers Chief Accounting Officer | Tax withholding | 1,308 | $397.31 | $520k |
| 2026-10-01 | 2 co-filers Chief Accounting Officer | 10b5-1 plan sale | 400 | $395.70 | $158k |
| 2026-09-30 | Klarich Lee EVP Chief Product & Tech Ofcr | Giftindirect | 25,000 | $0.00 | $0 |
| 2026-09-24 | Bawa Aparna Director | Open-market saleindirect | 260 | $392.69 | $102k |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 900 | $388.69 | $350k |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 2,160 | $389.85 | $842k |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 9,539 | $390.65 | $3.7m |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 5,301 | $391.71 | $2.1m |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 6,400 | $392.71 | $2.5m |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 2,200 | $393.58 | $866k |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 900 | $394.98 | $355k |
| 2026-09-24 | 8 co-filers EVP, Chief Financial Officer | 10b5-1 plan sale | 100 | $396.21 | $40k |
| 2026-09-18 | Paul Josh D. Chief Accounting Officer | Grant | 7,211 | $0.00 | $0 |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 900 | $372.51 | $335k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 910 | $373.53 | $340k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 3,348 | $374.72 | $1.3m |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 4,313 | $375.73 | $1.6m |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 4,751 | $376.66 | $1.8m |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 1,293 | $377.65 | $488k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 1,504 | $378.74 | $570k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 700 | $379.61 | $266k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 1,000 | $380.71 | $381k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 781 | $381.86 | $298k |
| 2026-09-17 | 11 co-filers Group filing | Open-market saleindirect | 500 | $382.69 | $191k |
| 2026-09-15 | 2 co-filers Group filing | Open-market saleindirect | 500 | $377.18 | $189k |
| 2026-09-14 | Key John P. Director | Open-market sale | 2,500 | $376.03 | $940k |
| 2026-09-14 | 2 co-filers Group filing | Open-market saleindirect | 1,000 | $373.61 | $374k |
| 2026-09-01 | Thorning-Schmidt Helle Director | Tax withholding | 211 | $382.13 | $81k |
| 2026-09-01 | Paul Josh D. Chief Accounting Officer | 10b5-1 plan sale | 900 | $373.68 | $336k |
| 2026-08-25 | Paul Josh D. Chief Accounting Officer | 10b5-1 plan sale | 900 | $353.77 | $318k |
| 2026-08-21 | Paul Josh D. Chief Accounting Officer | Tax withholding | 1,529 | $349.56 | $534k |
| 2026-08-01 | Paul Josh D. Chief Accounting Officer | Tax withholding | 3,861 | $331.83 | $1.3m |
| 2026-07-07 | Thorning-Schmidt Helle Director | Open-market sale | 700 | $346.85 | $243k |
| 2026-07-01 | 2 co-filers Chief Accounting Officer | Tax withholding | 1,092 | $341.02 | $372k |
| 2026-07-01 | 2 co-filers Chief Accounting Officer | 10b5-1 plan sale | 900 | $345.00 | $311k |
| 2026-07-01 | 3 co-filers Group filing | Open-market saleindirect | 290 | $348.74 | $101k |