Top 5 Stock Picks of Anand Parekh’s Alyeska Investment Group

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

Alyeska Investment Group’s Stake Value: $167.2 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 2.11%
No. of Hedge Fund Holders: 73

Palo Alto Networks, Inc. (NASDAQ:PANW) is the global cybersecurity leader and is engaged in selling security appliances, subscriptions, and support to enterprises and government entities.

It is ranked first on our list of top 10 stock picks of Anand Parekh’s Alyeska Investment Group. The hedge fund managed by Anand Parekh owns 349,212 shares in Palo Alto Networks, Inc. (NASDAQ:PANW) worth $167.2 million, making up 2.11% of their third quarter portfolio. Insider Monkey’s data shows that 73 hedge funds held stakes at the end of the third quarter worth $5.89 billion. At the end of the second quarter, 69 hedge funds held stakes in the company.

UBS Group increased its price target on Palo Alto Networks, Inc. (NASDAQ:PANW) from $530.00 to $535.00 and gave the stock a “Neutral” rating.

You can also take a peek at 15 Best Security Stocks to Buy Now and 10 Best Vanguard Stocks to Buy Now.

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