Insiders Getting Rid Of Their Shares Of These Three Companies

In the technology sector, OSI Systems, Inc. (NASDAQ:OSIS)’s President Keith Paul Morben offloaded about 3,000 shares. He now has nearly 12,500 shares to his name. The $1.54 billion manufacturer of specialized electronic systems that are sold in diverse markets like healthcare and defense, has seen its stock price rise by more than 10% on a year-to-date basis. However, hedge funds retracted their support for the company sharply during the April-June quarter. At the end of June, just 11 firms had $49.40 million worth of investments in OSI Systems, Inc. (NASDAQ:OSIS). Tremblant Capital, managed by Brett Barakett, headed this list of shareholders despite trimming its stake by 2% during the quarter to 342,440 shares valued at $24.24 million.

Lastly, Best Buy Co Inc (NYSE:BBY)’s Chief Merchandising Officer Rajendra Mohan sold 40,000 shares and now has ownership of about 105,000 shares. The stock price of the $13.17 billion provider of technology products is down by 3.34% for the year. Professional money managers showed less interest in the company during the second quarter, as its popularity in terms of ownership among the funds we track dropped to 4.7% at the end of June from 5.6% at the end of March. Cliff Asness‘ AQR Capital Management held over 7.0 million shares of Best Buy Co Inc (NYSE:BBY) valued at $228.47 million at the end of June.

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