5 Technology Stocks to Buy Now According to Stanley Druckenmiller

In this article, we discuss the 5 technology stocks to buy now according to Stanley Druckenmiller. If you want to read about some more stocks in the Druckenmiller portfolio, go directly to 10 Technology Stocks to Buy Now According to Stanley Druckenmiller. 

5. Palo Alto Networks, Inc. (NYSE:PANW)

Number of Hedge Fund Holders: 73

Palo Alto Networks, Inc. (NYSE:PANW) provides cybersecurity solutions. On March 25, RBC Capital analyst Matthew Hedberg kept an Outperform rating on the stock and raised the price target to $710 from $670, noting that the stock was a “top idea” based on “durable” double-digit top-line growth with improving margins. The analyst also appreciated the demand environment for the company in general and lauded the fast growing NGS business in addition to the durable FWaaS business. 

Latest 13F filings show that Duquesne Capital owned 229,500 shares of Palo Alto Networks, Inc. (NYSE:PANW) at the end of the fourth quarter of 2021 worth more than $127 million, representing 4.63% of the portfolio. The fund slashed its stake in the firm by 43% in the fourth quarter compared to third quarter data. 

Among the hedge funds being tracked by Insider Monkey, London-based firm Generation Investment Management is a leading shareholder in Palo Alto Networks, Inc. (NYSE:PANW) with 976,997 shares worth more than $543 million.