Eric Bannasch Portfolio: 5 Biggest Stock Picks

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

Cadian Capital’s Stake Value: $273.7 million
Percentage of Cadian Capital’s 13F Portfolio: 12.15%
Number of Hedge Fund Holders: 69

Palo Alto Networks, Inc. (NYSE:PANW) is a California-based multinational cybersecurity company that provides services in network security, cloud security, and various cloud-delivered security.

Based on the 13F Filings for the second quarter of 2021, Eric Bannasch’s Cadian Capital holds 737,896 shares in Palo Alto Networks, Inc. (NYSE:PANW), worth over $273.7 million.

On October 12, Wedbush analyst Daniel Ives raised the price target on Palo Alto Networks, Inc. (NYSE:PANW) to $600 from $470, while maintaining an Outperform rating on the company’s shares.

Of the 873 hedge funds tracked by Insider Monkey, 69 hedge funds have positions in Palo Alto Networks, Inc. (NYSE:PANW) in Q2 2021, compared with 64 in the previous quarter. These stakes are valued at $4.7 billion.

You can also take a look at 10 Best Stocks To Buy According To Billionaire Larry Robbins and 10 Best Stocks To Buy Now According To Quant Billionaires

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