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 Polycom Inc (PLCM) a Good Stock To Buy?

Page 1 of 2

Between June 25 and October 30th the Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 14 percentage points as investors worried over the possible ramifications of rising interest rates. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor, and we have seen data that shows those funds paring back their overall exposure. Those funds cutting positions in small-caps is one reason why volatility has increased. In the following paragraphs, we take a closer look at what hedge funds and prominent investors think of Polycom Inc (NASDAQ:PLCM) and see how the stock is affected by the recent hedge fund activity.

Is Polycom Inc (NASDAQ:PLCM) a buy, sell, or hold? Prominent investors are reducing their bets on the stock. The number of long hedge fund positions retreated by 6 recently. PLCM was in 18 hedge funds’ portfolios at the end of the third quarter of 2015. There were 24 hedge funds in our database with PLCM 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 Evertec Inc (NYSE:EVTC), Cvent Inc (NYSE:CVT), and Mobile Mini Inc (NASDAQ:MINI) to gather more data points.

Follow Polycom Inc (NASDAQ:PLCM)
Trade (NASDAQ:PLCM) Now!

In the financial world there are many indicators stock market investors employ to value publicly traded companies. Two of the most underrated indicators are hedge fund and insider trading indicators. Our experts have shown that, historically, those who follow the best picks of the elite hedge fund managers can outclass the market by a solid amount (see the details here).

Keeping this in mind, let’s take a gander at the new action surrounding Polycom Inc (NASDAQ:PLCM).

Hedge fund activity in Polycom Inc (NASDAQ:PLCM)

At Q3’s end, a total of 18 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -25% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, George Soros’ Soros Fund Management has the largest position in Polycom Inc (NASDAQ:PLCM), worth close to $112.5 million, comprising 1.7% of its total 13F portfolio. On Soros Fund Management’s heels is Elliott Management, managed by Paul Singer, which holds a $76.7 million position; 1.5% of its 13F portfolio is allocated to the company. Some other members of the smart money that hold long positions consist of Joel Greenblatt’s Gotham Asset Management, Cliff Asness’ AQR Capital Management and D E Shaw.

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...
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!