The Smart Money is Hoarding Shares of These 10 Technology Stocks, Part 1

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#3 InterXion Holding NV (NYSE:INXN)

 – Number of Hedge Fund Holders (as of September 30): 31
– Total Value of Hedge Fund Holdings (as of September 30): $881.81 million
– Hedge Fund Holdings as Percent of Float (as of September 30): 46.90%

Nine analysts have a ‘Buy’ rating, and four have a ‘Hold’ rating on InterXion Holding NV (NYSE:INXN), with a price target of $35.00 per share between them. The analysts’ consensus price target suggests that shares of the leading provider of co-location data center services have potential upside of 20%, or about twice the expected average annual return of the S&P 500. The buy side is bullish as well, with 31 elite funds owning over 46% of the European company’s float. Shares of the tech company are up by 6.62% year-to-date.

#2 ViaSat, Inc. (NASDAQ:VSAT)

 – Number of Hedge Fund Holders (as of September 30): 12
– Total Value of Hedge Fund Holdings (as of September 30): $1.55 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 50.20%

Although ViaSat, Inc. (NASDAQ:VSAT), a leading provider of satellite and wireless networking applications, reported disappointing second quarter of fiscal year 2016 results on November 9. Its EPS of $0.30 on revenue of $353.33 million each missed estimates, by $0.05 per share and $10.3 million, respectively. Nonetheless, the company’s future is still bright, with analysts expecting it to grow EPS by an average annual rate of 25% for the next five years. ViaSat has some big name hedge fund believers, including Seth Klarman‘s Baupost Group, who owned 11.53 million shares at the end of September, good for 12.35% of the elite value investor’s equity portfolio.

Follow Viasat Inc (NASDAQ:VSAT)

#1 Loral Space & Communications Ltd. (NASDAQ:LORL)

 – Number of Hedge Fund Holders (as of September 30): 25
– Total Value of Hedge Fund Holdings (as of September 30): $834.06 million
– Hedge Fund Holdings as Percent of Float (as of September 30): 57.10%

Although Loral Space & Communications Ltd. (NASDAQ:LORL) shares are down by more than 50% year-to-date, plenty of smart money funds are still bullish on the company. 25 funds within our database were long 57.1% of Loral Space’s float as of the latest 13F reporting period. Among the bullish funds are legendary macro investors Soros Fund Management, the family office founded by George Soros, and Omega Advisors, led by Leon Cooperman, both of which owned more than 1.0 million shares of Loral at the end of the third quarter.

Disclosure: None




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