Top 5 Stock Picks of John Hurley’s Cavalry Asset Management

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

Cavalry Asset Management’s Stake Value: $82,745,000
Percentage of Cavalry Asset Management’s 13F Portfolio: 7.72%
Number of Hedge Fund Holders: 90

Palo Alto Networks, Inc. (NASDAQ:PANW) supplies cybersecurity solutions globally. On October 21, Cantor Fitzgerald analyst Jonathan Ruykhaver initiated coverage of Palo Alto Networks, Inc. (NASDAQ:PANW), assigning the stock an ‘Overweight’ rating and a $220 price target.

Joe Dimenna’s ZWEIG DIMENNA PARTNERS is a remarkable stakeholder of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter of 2022, with 52,835 shares worth $8.65 million. In the second quarter, Cavalry Asset Management elevated its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4%, and its position is now worth about $82.75 million.

Palo Alto Networks, Inc. (NASDAQ:PANW) was in 90 hedge fund portfolios at the end of the second quarter of 2022. There were 87 hedge funds in our database with PANW at the end of the previous quarter.

ClearBridge Investments mentioned Palo Alto Networks, Inc. (NASDAQ:PANW) in its Q1 2022 investor letter. Here is what the fund said:

The portfolio also saw solid performance from cybersecurity names Palo Alto Networks, Inc. (NASDAQ:PANW) which is gaining prominence as the risk of global cyber attacks increases as part of the Russian offensive. On an individual stock basis, leading contributors to absolute returns in the first quarter included positions in Palo Alto Networks.

You can also take a peek at Top 10 Stock Picks of Eli Casdin’s Casdin Capital and Top 10 Stock Picks of William Von Mueffling’s Cantillon Capital Management

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