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.

Is Aruba Networks, Inc. (ARUN) Going to Burn These Hedge Funds?

Page 1 of 2

Aruba Networks, Inc. (NASDAQ:ARUN) investors should be aware of an increase in hedge fund interest recently.

To the average investor, there are many methods shareholders can use to watch publicly traded companies. A couple of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top hedge fund managers can trounce the S&P 500 by a superb amount (see just how much).

Aruba Networks, Inc. (NASDAQ:ARUN)Just as key, optimistic insider trading sentiment is a second way to break down the world of equities. Just as you’d expect, there are plenty of stimuli for an executive to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this strategy if “monkeys” know what to do (learn more here).

With all of this in mind, we’re going to take a gander at the latest action encompassing Aruba Networks, Inc. (NASDAQ:ARUN).

Hedge fund activity in Aruba Networks, Inc. (NASDAQ:ARUN)

At Q1’s end, a total of 23 of the hedge funds we track were long in this stock, a change of 28% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were boosting their stakes considerably.

Of the funds we track, Donald Chiboucis’s Columbus Circle Investors had the biggest position in Aruba Networks, Inc. (NASDAQ:ARUN), worth close to $95.4 million, accounting for 0.7% of its total 13F portfolio. The second largest stake is held by Alkeon Capital Management, managed by Panayotis Takis Sparaggis, which held a $27.2 million position; 0.6% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Paul Reeder and Edward Shapiro’s PAR Capital Management and Josh Resnick’s Jericho Capital Asset Management.

As industrywide interest jumped, key hedge funds have jumped into Aruba Networks, Inc. (NASDAQ:ARUN) headfirst. PAR Capital Management, managed by Paul Reeder and Edward Shapiro, initiated the biggest position in Aruba Networks, Inc. (NASDAQ:ARUN). PAR Capital Management had 24.5 million invested in the company at the end of the quarter. Josh Resnick’s Jericho Capital Asset Management also made a $13.9 million investment in the stock during the quarter. The other funds with brand new ARUN positions are Van Schreiber’s Bennett Lawrence Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Bruce Kovner’s Caxton Associates LP.

Insider trading activity in Aruba Networks, Inc. (NASDAQ:ARUN)

Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time period, Aruba Networks, Inc. (NASDAQ:ARUN) has experienced zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Aruba Networks, Inc. (NASDAQ:ARUN). These stocks are Super Micro Computer, Inc. (NASDAQ:SMCI), Juniper Networks, Inc. (NYSE:JNPR), Finisar Corporation (NASDAQ:FNSR), Palo Alto Networks Inc (NYSE:PANW), and Riverbed Technology, Inc. (NASDAQ:RVBD). This group of stocks are in the networking & communication devices industry and their market caps are similar to ARUN’s market cap.

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!