Proofpoint Inc (PFPT), Imperva Inc (IMPV) Among Daniel Benton’s Top Small-Cap Tech Picks

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Andor reported ownership of 1.50 million shares of Integrated Device Technology Inc (NASDAQ:IDTI) valued at $30.03 million, which represented a significant drop from the 2.64 million shares of the stock it held at the end of 2014. Integrated Device Technology Inc (NASDAQ:IDTI) is a business that has huge growth potential, with Zacks having given it a “Strong Buy” recommendation. The stock realized a rare growth of 83.7% in earnings per share last year and is already showing good signs for this year too, standing at an estimated 36.1% improvement. At the same time, investors who are looking for long-term opportunities can also count on its growth prospects, having an estimated long-term growth rate of 17.5%. Within the past month alone, several analysts have commented on the stock and have on average raised their ratings on the stock by 6.9% so far. Its last quarterly results showed that it had earnings per share of $0.29, beating analysts’ consensus estimate of $0.26. Some of the other hedge funds that also have stakes in the stock besides Andor Capital Management are Brandon Osten’s Venator Capital Management, Mark Coe’s Coe Capital Management, and Josh Goldberg‘s G2 Investment Partners Management

At the end of the first quarter, Andor Capital Management had a total of 525,000 shares of Imperva Inc (NYSE:IMPV) with a market value of $22.42 million, which also represented a significant decline in the fund’s position in the stock compared to the previous reporting period, when it held 800,000 shares valued at $39.54 million. On May 28, the company hit a new 52-week high of $61.65. Analysts have given the stock a price target of $61.00, which represents an expected upside of 12.7%. RBC Capital Markets has an “Outperform” rating on the cyber security solutions provider. In earnings per share for the year, analysts expect Imperva Inc (NYSE:IMPV) to lose $1.58. Our data shows a total of 21 hedge funds invested in the stock at the end of the first quarter, including Hilltop Park Associates with ownership of 45,000 shares, and Ian Muhkerjee‘s Amiya Capital with 7,300 shares, a new position for the fund.

Disclosure: None

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