Top 5 Cybersecurity Stocks To Buy Now

2. Palo Alto Networks Inc. (NASDAQ: PANW)

No. of hedge funds: 59
Total value of hedge fund holdings: $319 billion

Palo Alto Networks is a giant when it comes to providing firewalls and various cloud-based services to extend the functionalities of these firewalls. They have a multinational market, outperforming even Cisco in this year’s second quarter.

Equally, when it comes to trading, the number of bullish hedge fund positions moved up by 8 in recent months. The company was in 59 hedge funds’ portfolios at the end of the third quarter of 2020. The all time high for this statistics is 52. This means the bullish number of hedge fund positions in this stock currently sits at its all time high.