While Apple Inc. (APPL)’s Stock Remains Unfazed By Xcode Breach, Palo Alto Networks Inc (PANW) Gains Ground

Owing to the large number of hack attacks in the past few months, Palo Alto Networks has turned out to be one of the best performing stocks of 2015, with year-to-date gains of over 50%. Shares of the company have climbed by over 10% in the past few days since it declared its fiscal 2015 fourth quarter earnings after the market closed on September 9. It reported EPS of $0.28 on revenue of $283.90 million, compared to the EPS of $0.25 on revenue of $255.85 million that analysts had expected. Although the stock of Palo Alto Networks rose by almost 20% during the second quarter, the number of hedge funds covered by us that were long in the company came down by two to 45 and the aggregate value of the hedge funds’ holdings in the company dropped by $217.8 million to $735.49 million during the same period. Each of the top five shareholders of the company among the funds we track reduced their stakes in it during the second quarter, including Donald Chiboucis‘ Columbus Circle Investors and Christopher Medlock James‘ Partner Fund Management, which held 696,800 shares and 396,000 shares at the end of June, respectively.

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