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.

Hedge Funds Are Betting on ShoreTel, Inc. (SHOR)

Page 1 of 2

How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don’t always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding ShoreTel, Inc. (NASDAQ:SHOR).

Is ShoreTel, Inc. (NASDAQ:SHOR) a worthy investment today? Hedge funds are turning bullish. The number of long hedge fund bets moved up by two lately. ShoreTel, Inc. (NASDAQ:SHOR) was in 23 hedge funds’ portfolios at the end of September. There were 21 hedge funds in our database with ShoreTel, Inc. (NASDAQ:SHOR) positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Seacoast Banking Corporation of Florida (NASDAQ:SBCF), Shoe Carnival, Inc. (NASDAQ:SCVL), and UTi Worldwide Inc. (NASDAQ:UTIW) to gather more data points.

Follow Shoretel Inc (NASDAQ:SHOR)
Trade (NASDAQ:SHOR) Now!

Today there are dozens of gauges stock market investors have at their disposal to assess publicly traded companies. Two of the best gauges are hedge fund and insider trading indicators. We have shown that, historically, those who follow the best picks of the elite fund managers can beat the S&P 500 by a solid amount (see the details here).

With all of this in mind, we’re going to check out the key action regarding ShoreTel, Inc. (NASDAQ:SHOR).

How are hedge funds trading ShoreTel, Inc. (NASDAQ:SHOR)?

At the end of September, a total of 23 of the hedge funds tracked by Insider Monkey held long positions in this stock, an increase of 10% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Park West Asset Management, managed by Peter S. Park, holds the number one position in ShoreTel, Inc. (NASDAQ:SHOR). Park West Asset Management has a $45 million position in the stock, comprising 4.1% of its 13F portfolio. The second most bullish fund manager is Robert G. Moses of RGM Capital, with a $43.9 million position; 5.9% of its 13F portfolio is allocated to the company. Other professional money managers with similar optimism encompass Renaissance Technologies, D. E. Shaw and Israel Englander’s Millennium Management.

Page 1 of 2

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...

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!