Is FleetMatics Group PLC (FLTX) A Good Stock To Buy?

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Let’s also examine hedge fund activity in other stocks similar to FleetMatics Group PLC (NYSE:FLTX). These stocks are South Jersey Industries Inc (NYSE:SJI), Nektar Therapeutics (NASDAQ:NKTR), Insulet Corporation (NASDAQ:PODD), and HB Fuller Co (NYSE:FUL). All of these stocks’ market caps match FLTX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SJI 8 12610 3
NKTR 17 222312 0
PODD 20 366551 0
FUL 15 110464 -8

As you can see these stocks had an average of 15 funds with bullish positions and the average amount invested in these stocks was $178 million. That figure was $565 million in FLTX’s case. Insulet Corporation (NASDAQ:PODD) is the most popular stock in this table, while South Jersey Industries Inc (NYSE:SJI) is the least popular one with only eight bullish hedge fund positions. Compared to these stocks FleetMatics Group PLC (NYSE:FLTX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none

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