5 Best New Stocks to Buy in 2021 According to Billionaire Paul Singer

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In this article we discuss the 5 best new stocks to buy in 2021 according to billionaire Paul Singer. If you want to read our detailed analysis of the Singer’s investment philosophy and his returns, go directly to 10 Best New Stocks to Buy in 2021 According to Billionaire Paul Singer.

5. F5 Networks, Inc. (NASDAQ: FFIV)

Value: $78,733,000
Percent of Paul Singer’s 13F Portfolio: 0.76%
No. of Hedge Fund Holders: 34

F5 Networks ranks 5th in the list of best new stocks to buy now based on Paul Singer’s portfolio. Recently, investment firm Credit Suisse downgraded the stock to Neutral from Outperform with a $207 price target. The firm cited “uninspiring” first quarter channel checks” for the downgrade. However, Credit Suisse is still bullish on the company’s Cloud transition. In January, the company beat first-quarter results and posted an upbeat guidance for the fiscal second quarter.

As of the end of the fourth quarter, there were 34 hedge funds in Insider Monkey’s database that held stakes in FFIV, compared to 36 funds in the third quarter. Jim Simons’ Renaissance Technologies, owns 3.02 million shares of FFIV worth $531.1 million.



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