Paul Singer’s Elliott Management Raises Stake in Compuware Corporation (CPWR)

Paul Singer’s Elliott Management, in its latest filing, disclosed ownership of 21 million shares of Compuware Corporation (NASDAQ:CPWR). The stake represents an increase from 18.67 million shares disclosed by the fund as at the end of the third quarter of 2013. Currently, the stake amasses 9.6% of the common stock.


Compuware Corporation (NASDAQ:CPWR) is a technology performance company, which helps its customers optimize the performance of their most important and innovative technologies. Currently, the company serves more than 7,100 companies, including many of the world’s largest organizations.

For the fourth quarter ended December 31, 2013, Compuware Corporation (NASDAQ:CPWR) reported GAAP net income of $25.0 million, or $0.11 per share, compared to $25.3 million, or $0.12 per share in the year-ago period.

During the third quarter, Compuware Corporation (NASDAQ:CPWR) made some changes to its board of directors, including appointments of Jeffrey J. Clarke, managing partner at Augusta Columbia Capital, and the President of Hunter College Jennifer J. Raab.

Elliott Associates was founded by Paul Singer in 1977 and together with Elliott International, forms the Elliott Management Corporation, which manages roughly $15 billion of capital for large institutional investors and wealthy individuals alike. In its latest 13F, Eliott disclosed an equity portfolio worth $4.41 billion, down from $5.44 billion in the third quarter.

Compuware Corporation (NASDAQ:CPWR) is the seventh largest equity position in Paul Singer’s portfolio. On the first spot is Hess Corp. (NYSE:HES), in which the fund owns 17.10 million shares, with a reported value of around $1.42 billion. The second most valuable holding in Elliott’s equity portfolio is NetApp Inc. (NASDAQ:NTAP), in which the fund holds 10.75 million shares, worth $442.26 million.

Disclosure: none

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