5 Best Performing Growth Stocks in January 2024

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

Year To Date Share Price Gain: 18.52%

Number of Hedge Fund Investors In Q3 2023: 79

Palo Alto Networks, Inc. (NASDAQ:PANW) is a software company that enables customers to protect their devices against digital threats. Another highly rated stock, its shares are rated Strong Buy on average and the average analyst share price target is $321.74 – significantly lower than the current share price.

During 2023’s September quarter, 79 out of the 910 hedge funds profiled by Insider Monkey were the firm’s shareholders. Palo Alto Networks, Inc. (NASDAQ:PANW)’s biggest investor among these is Ken Griffin’s Citadel Investment Group as it owns $563 worth of shares.

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