Paul Singer Adds To Position In Riverbed Technology, Inc. (RVBD)

Paul Singer, the manager of Elliott Associates, is optimistic about the prospects of Riverbed Technology, Inc. (NASDAQ:RVBD) and has increased his fund’s holding of the stock. As reported in a recent filing with the Securities and Exchange Commission, Elliott Associates has added 250,000 shares to its portfolio, taking the entire stake in Riverbed Technology, Inc. (NASDAQ:RVBD) to 14.9 million shares. The new position accounts for 9.3% of the total number of shares outstanding.


Cliff Asness is also a fan of Riverbed Technology, Inc. (NASDAQ:RVBD) and has initiated a position for his fund during the first quarter of 2014. As reported in its latest 13F filing, AQR Capital Management  holds 3.88 million shares. John M. Angelo and Michael L. Gordon like this stock as well, having also initiated a position for their fund, Angelo Gordon & Co. Together, they have built a position that amasses 800,000 shares of Riverbed Technology, Inc. (NASDAQ:RVBD). William B. Gray, on the other hand, has preferred to limit his fund’s exposure to this company and has decreased the position by 9% to 11.5 million shares.

Disclosure: none.

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.

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!