Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Ahmet Okumus Bets On AVG Technologies N.V. (AVG)

Ahmet Okumus’ Okumus Fund Management has boosted its passive stake in AVG Technologies N.V. (NYSE:AVG) according to a recent SEC filing. This is the second disclosure made by Okumus Fund Management in the last 45 days. Earlier in a November’13 filing Okumus Fund Management had disclosed a holding of 4.1 million shares of the company, or 7.58% of the company’s outstanding shares. At the end of September Ahmet Okumus had only 989 thousand shares of the company in his portfolio. The stock had plunged sharply since seeing $25 in mid October. Ahmet Okumus probably thinks the stock is a bargain at it current price of $16.85.

AVG Technologies NV (NYSE:AVG)

Other hedge funds holding positions in AVG Technologies (NYSE:AVG) include Robert B. Gillam’s McKinley Capital Management (holding 53.16 million shares valued at $1.27 million), second largest holder after Okumus Fund Management. Holding 2.17 million shares is Israel Englander’s Millennium Management, valued at $5.2 million.  Other interested hedge funds include AQR Capital Management led by Cliff Asness (holding position on 1.35 million shares valued at $3.2 million). Interestingly, John Overdeck And David Siegel’s Two Sigma Advisors hold 1.35 million shares valued at $3.25 million.

AVG Technologies is one of the most popular internet security and anti-virus software companies today. It has traditionally offered desktops protection against malicious software, through a much-loved feature called ‘Secure Search’ when partnered Google Inc to deliver the safe search services. The company’s growth in the past few quarters has been driven by the continued transition to cloud computing and mobile computing across the consumer base. Privacy is a key parameter on both these platforms and AVG addresses these needs with technology solutions that can deliver the same on both the platforms.

Disclosure: none

Recommended Reading:

Heartware International, Inc. (HTWR) now has Adage Capital Management Interest

5 Stocks Hedge Funds Bought Recently

Perry Corp Trims Position in North American Energy Partners Inc.(USA) (NOA)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!