Xyratex Ltd. (XRTX): Are Hedge Funds Right About This Stock?

Page 1 of 2

Xyratex Ltd. (NASDAQ:XRTX) was in 9 hedge funds’ portfolio at the end of March. XRTX shareholders have witnessed an increase in activity from the world’s largest hedge funds of late. There were 8 hedge funds in our database with XRTX positions at the end of the previous quarter.

Xyratex Ltd. (NASDAQ:XRTX)According to most investors, hedge funds are seen as unimportant, old financial vehicles of years past. While there are over 8000 funds trading at present, we hone in on the crème de la crème of this club, close to 450 funds. It is estimated that this group oversees the lion’s share of the smart money’s total capital, and by watching their top stock picks, we have brought to light a number of investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points annually 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 outclassed the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Equally as integral, optimistic insider trading activity is another way to parse down the financial markets. As the old adage goes: there are plenty of stimuli for a corporate insider to get rid of shares of his or her company, but only one, very clear reason why they would buy. Plenty of academic studies have demonstrated the valuable potential of this tactic if piggybackers understand what to do (learn more here).

Keeping this in mind, we’re going to take a glance at the key action encompassing Xyratex Ltd. (NASDAQ:XRTX).

What does the smart money think about Xyratex Ltd. (NASDAQ:XRTX)?

At Q1′s end, a total of 9 of the hedge funds we track were bullish in this stock, a change of 13% from one quarter earlier.

As aggregate interest increased, key hedge funds have jumped into Xyratex Ltd. (NASDAQ:XRTX) headfirst. Renaissance Technologies, managed by Jim Simons, initiated the most valuable position in Xyratex Ltd. (NASDAQ:XRTX). Renaissance Technologies had 1.5 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also made a $0.4 million investment in the stock during the quarter. The following funds were also among the new XRTX investors: Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners and Matthew Hulsizer’s PEAK6 Capital Management.

Insider trading activity in Xyratex Ltd. (NASDAQ:XRTX)

Insider buying is most useful when the primary stock in question has experienced transactions within the past six months. Over the last half-year time period, Xyratex Ltd. (NASDAQ:XRTX) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Xyratex Ltd. (NASDAQ:XRTX). These stocks are OCZ Technology Group Inc. (NASDAQ:OCZ), Imation Corp. (NYSE:IMN), STEC, Inc. (NASDAQ:STEC), Datalink Corporation (NASDAQ:DTLK), and Quantum Corp (NYSE:QTM). This group of stocks are the members of the data storage devices industry and their market caps are closest to XRTX’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 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

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!