5 Stocks Billionaire Steve Cohen Just Bought and Sold

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1. Palo Alto Networks Inc (NASDAQ:PANW)

Value of Position: $169.82 million

Bought or Sold: Sold

After having held 724,400 shares of Palo Alto Networks Inc (NASDAQ:PANW) at the end of the second quarter, Point72 Asset Management closed the position during the July-September period. On the other hand, there were 79 funds tracked by Insider Monkey that held shares of Palo Alto Networks Inc (NASDAQ:PANW) at the end of the third quarter, down by four over the quarter.

Palo Alto Networks Inc (NASDAQ:PANW) is a multinational cyber security company headquartered in California. The company serves over 70,000 businesses around the world, including most companies on the Fortune 100 list. It is also one of the best-performing S&P 500 stocks in the last 10 years. In its latest earnings report, Palo Alto Networks Inc (NASDAQ:PANW) reported EPS of $1.38 higher than the consensus estimate of $1.16 and its revenue of $1.88 billion beat the expectations b $35.6 million.

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