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                    <ns2:cik>0001682260</ns2:cik>
                    <ns2:ccc>XXXXXXXX</ns2:ccc>
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            </ns2:filer>
            <ns2:liveTestFlag>LIVE</ns2:liveTestFlag>



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            <ns2:issuerCik>0001327567</ns2:issuerCik>
            <ns2:issuerName>Palo Alto Networks, Inc.</ns2:issuerName>
            <ns2:secFileNumber>001-35594</ns2:secFileNumber>
            <ns2:issuerAddress>
                <com:street1>3000 Tannery Way</com:street1>
                <com:city>Santa Clara</com:city>
                <com:stateOrCountry>CA</com:stateOrCountry>
                <com:zipCode>95054</com:zipCode>
            </ns2:issuerAddress>
            <ns2:issuerContactPhone>1-408-753-4000</ns2:issuerContactPhone>
            <ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Lee Klarich</ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <ns2:relationshipsToIssuer>
                <ns2:relationshipToIssuer>Officer</ns2:relationshipToIssuer>
            </ns2:relationshipsToIssuer>
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        <ns2:securitiesInformation>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:brokerOrMarketmakerDetails>
                <ns2:name>Goldman Sachs &amp; Co. LLC</ns2:name>
                <ns2:address>
                    <com:street1>200 West Street</com:street1>
                    <com:city>New York</com:city>
                    <com:stateOrCountry>NY</com:stateOrCountry>
                    <com:zipCode>10282</com:zipCode>
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            </ns2:brokerOrMarketmakerDetails>
            <ns2:noOfUnitsSold>125866</ns2:noOfUnitsSold>
            <ns2:aggregateMarketValue>42497396.24</ns2:aggregateMarketValue>
            <ns2:noOfUnitsOutstanding>323800000</ns2:noOfUnitsOutstanding>
            <ns2:approxSaleDate>07/08/2024</ns2:approxSaleDate>
            <ns2:securitiesExchangeName>NASD</ns2:securitiesExchangeName>
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            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:acquiredDate>10/20/2018</ns2:acquiredDate>
            <ns2:natureOfAcquisitionTransaction>Acquired as compensation -- Stock Options</ns2:natureOfAcquisitionTransaction>
            <ns2:nameOfPersonfromWhomAcquired>Issuer</ns2:nameOfPersonfromWhomAcquired>
            <ns2:isGiftTransaction>N</ns2:isGiftTransaction>
            <ns2:amountOfSecuritiesAcquired>125866</ns2:amountOfSecuritiesAcquired>
            <ns2:paymentDate>10/20/2018</ns2:paymentDate>
            <ns2:natureOfPayment>Compensation -- Cashless exercise / same-day sale</ns2:natureOfPayment>
        </ns2:securitiesToBeSold>
        <ns2:nothingToReportFlagOnSecuritiesSoldInPast3Months>N</ns2:nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>04/05/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>15000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4020050.33</ns2:grossProceeds>
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        <ns2:securitiesSoldInPast3Months>
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                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>04/05/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>35000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>9380498.94</ns2:grossProceeds>
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        <ns2:securitiesSoldInPast3Months>
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                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>04/05/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>10000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>2679971.55</ns2:grossProceeds>
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        <ns2:securitiesSoldInPast3Months>
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                    <com:city>Santa Clara</com:city>
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                    <com:zipCode>95054</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>05/06/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>35000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>10466522.75</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>05/06/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>15000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4486498.6</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>05/06/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>10000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>2990514.07</ns2:grossProceeds>
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        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
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                    <com:zipCode>95054</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>05/06/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>61276</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>18386997.35</ns2:grossProceeds>
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        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
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                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
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            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>05/07/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>5391</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>1642471.45</ns2:grossProceeds>
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        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>06/04/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>15000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>4375435.34</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>06/04/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>10000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>2916694.9</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>06/04/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>35000</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>10210759.6</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Lee Klarich</ns2:name>
                <ns2:address>
                    <com:street1>3000 Tannery Way</com:street1>
                    <com:city>Santa Clara</com:city>
                    <com:stateOrCountry>CA</com:stateOrCountry>
                    <com:zipCode>95054</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Class A Common</ns2:securitiesClassTitle>
            <ns2:saleDate>06/06/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>800</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>240137.88</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:remarks>The sales of shares set forth herein are made in connection with a selling plan dated 11/22/2023, that is intended to comply with Rule 10b5-1(c).</ns2:remarks>
        <ns2:noticeSignature>
            <ns2:noticeDate>07/08/2024</ns2:noticeDate>
            <ns2:planAdoptionDates>
                <ns2:planAdoptionDate>11/22/2023</ns2:planAdoptionDate>
            </ns2:planAdoptionDates>
            <ns2:signature>Goldman Sachs &amp; Co. LLC on behalf of Lee Klarich</ns2:signature>
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144
0001682260
XXXXXXXX
LIVE
0001327567
Palo Alto Networks, Inc.
001-35594
3000 Tannery Way
Santa Clara
CA
95054
1-408-753-4000
Lee Klarich
Officer
Class A Common
Goldman Sachs & Co. LLC
200 West Street
New York
NY
10282
125866
42497396.24
323800000
07/08/2024
NASD
Class A Common
10/20/2018
Acquired as compensation -- Stock Options
Issuer
N
125866
10/20/2018
Compensation -- Cashless exercise / same-day sale
N
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
04/05/2024
15000
4020050.33
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
04/05/2024
35000
9380498.94
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
04/05/2024
10000
2679971.55
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
05/06/2024
35000
10466522.75
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
05/06/2024
15000
4486498.6
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
05/06/2024
10000
2990514.07
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
05/06/2024
61276
18386997.35
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
05/07/2024
5391
1642471.45
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
06/04/2024
15000
4375435.34
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
06/04/2024
10000
2916694.9
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
06/04/2024
35000
10210759.6
Lee Klarich
3000 Tannery Way
Santa Clara
CA
95054
Class A Common
06/06/2024
800
240137.88
The sales of shares set forth herein are made in connection with a selling plan dated 11/22/2023, that is intended to comply with Rule 10b5-1(c).
07/08/2024
11/22/2023
Goldman Sachs & Co. LLC on behalf of Lee Klarich