5 Most Undervalued Cybersecurity Stocks To Buy According To Hedge Funds

3. Leidos Holdings Inc. (NYSE:LDOS)

Number of Hedge Fund Holders: 35

Leidos Holdings Inc. (NYSE:LDOS) sells defense, IT, engineering, and aviation-related solutions. Leidos Holdings Inc. (NYSE:LDOS) offers several solutions and approaches in the cybersecurity space. Its PACKIT™ (Proven, Analytic-Centric Kill Chain Implementation and Transformation) solutions help businesses improve their cybersec posture. Leidos Holdings Inc. (NYSE:LDOS) also offers various solutions in risk management and cyber analytics domains.

Leidos Holdings Inc. (NYSE:LDOS)’s PE ratio as of June 30 stands at 18.15. As of the end of the first quarter of 2023, 35 hedge funds tracked by Insider Monkey had stakes in Leidos Holdings Inc. (NYSE:LDOS). The most notable stakeholder of Leidos Holdings Inc. (NYSE:LDOS) during this period was Anand Parekh’s Alyeska Investment Group which owns a $95.2 million stake in the company.

Wedgewood SMID Cap Strategy made the following comment about Leidos Holdings, Inc. (NYSE:LDOS) in its Q1 2023 investor letter:

“Top performance detractors for the quarter include First Republic Bank, Texas Pacific Land, Leidos Holdings, Inc. (NYSE:LDOS), Helen of Troy and IAA. Finally, and unfortunately—as we’ve discussed in these letters previously in commentary on Leidos – it appears a new Cold War may be emerging, and we believe this will spur long-term demand for the U.S. military, industrial, and energy industries, as we already have seen on the energy front, especially, with exports to European allies rising significantly since Russia’s invasion of Ukraine.”