5 Best Cybersecurity Stocks Hedge Funds Are Buying

2. Palo Alto Networks, Inc. (NYSE:PANW)

Number of Hedge Fund Holders: 83

Palo Alto Networks, Inc. (NYSE:PANW) is a provider of cybersecurity solutions worldwide. It is based in Santa Clara, California.

There were 83 hedge funds long Palo Alto Networks, Inc. (NYSE:PANW) in the second quarter, with a total stake value of $3.8 billion.

Citigroup’s Fatima Boolani maintains a Buy rating and a $285 price target on Palo Alto Networks, Inc. (NYSE:PANW) as of September 19.

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