5 High Growth Large-Cap Stocks To Invest In

4. Palo Alto Networks Inc (NASDAQ:PANW)

Number of Hedge Fund Investors: 79

Cybersec company Palo Alto Networks Inc (NASDAQ:PANW) shares have gained about 95% year to date through December 19. Earlier this month, Wedbush increased its price target for Palo Alto Networks (NASDAQ:PANW) to $350 from $290.

A total of 79 hedge funds in Insider Monkey’s database had stakes in Palo Alto Networks Inc (NASDAQ:PANW).

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Palo Alto Networks, Inc. (NASDAQ:PANW) in its Q3 2023 investor letter:

“Across the Information Technology universe, we seek companies possessing differentiated capabilities, products, and services. Palo Alto Networks, Inc. (NASDAQ:PANW) supplies network and cloud-based security solutions to enterprises, service providers, and government entities. The latest quarter was mixed with the company falling shy versus the Street on billings, in line for revenues, and outpacing earnings. Palo Alto’s updated guidance was materially ahead of lowered Street expectations. Nevertheless, its shares pulled back by -8%.”