What Hedge Funds Think About Workday Inc (WDAY)

Page 1 of 2

Is Workday Inc (NYSE:WDAY) a buy?

If you were to ask many investors, hedge funds are assumed to be overrated, old financial vehicles of a period lost to current times. Although there are In excess of 8,000 hedge funds in operation today, Insider Monkey aim at the moguls of this club, about 525 funds. It is assumed that this group controls the majority of the hedge fund industry’s total capital, and by tracking their highest performing investments, we’ve found a few investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Workday Inc (NYSE:WDAY)

Equally as necessary, positive insider trading sentiment is another way to analyze the investments you’re interested in. As the old adage goes: there are lots of motivations for an insider to cut shares of his or her company, but just one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the impressive potential of this method if “monkeys” understand where to look (learn more here).

Furthermore, we’re going to analyze the newest info for Workday Inc (NYSE:WDAY).

What does the smart money think about Workday Inc (NYSE:WDAY)?

At Q2′s end, a total of 28 of the hedge funds we track were long in this stock, a change of 12% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their stakes considerably.

When using filings from the hedgies we track, Stephen Mandel’s Lone Pine Capital had the largest position in Workday Inc (NYSE:WDAY), worth close to $225.7 million, comprising 1.1% of its total 13F portfolio. Sitting at the No. 2 spot is David Goel and Paul Ferri of Matrix Capital Management, with a $128.2 million position; 13.5% of its 13F portfolio is allocated to the company. Other peers that are bullish include John Griffin’s Blue Ridge Capital, Eric Chen’s Antipodean Advisors and Christopher Lord’s Criterion Capital.

With a general bullishness amongst the titans, certain money managers were leading the bulls’ herd. Lone Pine Capital, managed by Stephen Mandel, created the most valuable position in Workday Inc (NYSE:WDAY). Lone Pine Capital had 225.7 million invested in the company at the end of the quarter. David Goel and Paul Ferri’s Matrix Capital Management also initiated a $128.2 million position during the quarter. The other funds with brand new WDAY positions are John Griffin’s Blue Ridge Capital, Eric Chen’s Antipodean Advisors, and Christopher Lord’s Criterion Capital.

How are insiders trading Workday Inc (NYSE:WDAY)?

Legal insider trading, particularly when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past 180 days. Over the last half-year time period, Workday Inc (NYSE:WDAY) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Workday Inc (NYSE:WDAY). These stocks are BMC Software, Inc. (NASDAQ:BMC), F5 Networks, Inc. (NASDAQ:FFIV), CA, Inc. (NASDAQ:CA), Catamaran Corp (USA) (NASDAQ:CTRX), and Red Hat, Inc. (NYSE:RHT). This group of stocks belong to the application software industry and their market caps resemble WDAY’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!