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.

Stuart Peterson’s Artis Capital Boosts Its $ELX Stake

Stuart Peterson’s Artis Capital disclosed an 11.3% position in Emulex Corp (ELX). At the end of March Artis had 4.2 Million shares of ELX, vs. 9.9 Million right now. Artis probably paid in the neighborhood of $8.5-$9 for the additional 5.7 Million shares it acquired. Currently ELX is trading at $7.31. Investors can imitate Artis’ bet at a 15%-20% discount right now. Artis Capital is a San Francisco based tech hedge fund that invests in public and private companies. It was one of the investors of Youtube before it was acquired. Peterson bought Andre Agassi’s home for $20 Million in 2006.

Emulex Corporation (NYSE:ELX)

Ken Griffin’s Citadel and Steve Cohen’s SAC Capital are among the hedge funds with ELX positions. Ken Griffin had 2.5 Million shares or more than 2% of ELX’s outstanding shares.

According to Yahoo Finance, Emulex Corporation provides network convergence solutions that connect servers, storage, and networks within the data center. The company designs, develops, and supplies host server products, including host bus adapters, universal converged network adapters, and application specific integrated circuits that enable servers to connect to local area networks, storage area networks, and network attached storage; and embedded storage products comprising switch-on-a-chip products, embedded storage switches, bridges, routers, and input/output controllers, as well as provides custom form factor solutions for original equipment manufacturer (OEM) blade servers. In addition, it offers contract engineering services. Emulex Corporation sells its products to OEMs and end users worldwide, as well as through value added resellers, systems integrators, industrial distributors, and resellers. The company was founded in 1979 and is headquartered in Costa Mesa, California.

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!