Top 5 Tech Stocks to Buy According to Billionaire Louis Bacon

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In this post, we will look at the top five technology stocks to buy according to billionaire Louis Bacon. If you want to discover more stocks, then take a look at Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon.

5. Fortinet, Inc. (NASDAQ:FTNT)

Moore Capital Investment’s Stake Value: $8.4 million

Percentage of Moore Capital Investment’s 13F Portfolio: 0.22%

Number of Hedge Fund Holders: 43

Fortinet, Inc. (NASDAQ:FTNT) is a cybersecurity solutions provider that allows companies to secure their networks and computers through a variety of services such as firewalls, malware detection, and web filtering. The firm is headquartered in Sunnyvale, California, the United States.

Moore Capital owned 150,000 Fortinet, Inc. (NASDAQ:FTNT) shares during this year’s second quarter for an $8.4 million stake which represented 0.22% of its investment portfolio. Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 43 had also invested in the company.

Fortinet, Inc. (NASDAQ:FTNT) operates the world’s largest firewall solution, which commands a dominating 37% of the total market. The firm builds on the firewall by providing a host of other subscription based services as well, which provide it with steady, recurring revenue.

Fortinet, Inc. (NASDAQ:FTNT)’s largest investor in our database of 895 hedge funds is Jim Simons’s Renaissance Technologies which owns 4.8 million shares that are worth $272 million.





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