13 Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates

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

Bridgewater Associates Stake: $313,772,875

Stock Performance Since Q2 2025: 5.15%

Number of Hedge Fund Holders: 77

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates. On October 2, KeyBanc Capital Markets maintained its “Sector Weight” rating on Palo Alto Networks, Inc. (NASDAQ:PANW) stock after a recent review of the company’s operations. The firm focused its analysis on the advantages of Palo Alto Networks’ multi-platform security solutions and operational workflow, as well as the broader themes impacting the company’s outlook.​

The analysts highlighted the simplicity and efficiency in workflow that Palo Alto Networks brings when security platforms are consolidated. KeyBanc noted that automation, especially through AI agents, is a strong future opportunity for operational improvements in security management. The firm expressed a somewhat more positive stance on Palo Alto Networks after field observations, yet retained some concerns over the company’s recent acquisition of CyberArk Software Ltd. The analysts plan to meet with Palo Alto Networks’ investor relations team to discuss recent developments in more detail.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a global cybersecurity company. It provides next-generation firewall appliances, cloud security, and AI-driven threat intelligence through platforms such as Prisma Cloud and Cortex. The company also offers subscription services for threat prevention, malware protection, and secure access across hybrid and multi-cloud environments.