Qlik Technologies Inc (NASDAQ:QLIK)
was in 18 hedge funds' portfolio at the end of the fourth quarter of 2012. QLIK investors should pay attention to a decrease in activity from the world's largest hedge funds recently. There were 23 hedge funds in our database with QLIK positions at the end of the previous quarter.
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Keeping this in mind, we're going to take a peek at the recent action regarding Qlik Technologies Inc (NASDAQ:QLIK
What does the smart money think about Qlik Technologies Inc (NASDAQ:QLIK)?
At the end of the fourth quarter, a total of 18 of the hedge funds we track held long positions in this stock, a change of -22% from the previous quarter. With the smart money's positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their stakes substantially.
Of the funds we track, Lee Ainslie's Maverick Capital
had the largest position in Qlik Technologies Inc (NASDAQ:QLIK), worth close to $49 million, accounting for 0.7% of its total 13F portfolio. The second largest stake is held by Citadel Investment Group
, managed by Ken Griffin, which held a $48 million position; 0.7% of its 13F portfolio is allocated to the stock. Other peers that are bullish include Steven Cohen's SAC Capital Advisors
, George Soros's Soros Fund Management
and John Murphy's Alydar Capital
Because Qlik Technologies Inc (NASDAQ:QLIK) has witnessed falling interest from the smart money, we can see that there exists a select few hedge funds that elected to cut their positions entirely at the end of the year. Interestingly, James Dinan's York Capital Management
sold off the largest investment of all the hedgies we monitor, comprising close to $26 million in stock., and Panayotis æTakisÆ Sparaggis of Alkeon Capital Management was right behind this move, as the fund dropped about $21 million worth. These bearish behaviors are interesting, as total hedge fund interest was cut by 5 funds at the end of the year.
What do corporate executives and insiders think about Qlik Technologies Inc (NASDAQ:QLIK)?
Bullish insider trading is best served when the primary stock in question has experienced transactions within the past half-year. Over the last 180-day time frame, Qlik Technologies Inc (NASDAQ:QLIK) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here
With the returns demonstrated by our time-tested strategies, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and Qlik Technologies Inc (NASDAQ:QLIK) is no exception.
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