Billionaire Steve Cohen’s Top 5 Technology Stocks

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In this article, we discuss billionaire Steve Cohen’s top 5 technology stocks. If you want to see more of billionaire Steve Cohen’s top technology stocks, go directly to Billionaire Steve Cohen’s Top 10 Technology Stocks.

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

Point72 Asset Management’s Stake Value as of 9/30: $231,590,000

Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 0.92%

Point72 Asset Management basically established a new position in cybersecurity company Palo Alto Networks, Inc. (NASDAQ:PANW) given the fund raised its share count in the stock by 537% in Q3. As a result of the new purchases, Steve Cohen’s fund ended September with a stake value of over $231 million in Palo Alto Networks, Inc. (NASDAQ:PANW). For Q1, Palo Alto Networks, Inc. (NASDAQ:PANW) reported adjusted EPS of $0.83 on revenue of $1.6 billion versus the consensus of $0.69 on revenue of $1.55 billion. For FY23, the company sees adjusted EPS of $3.37-$3.44 versus the consensus of $3.17.

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