5 Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners

3. Perspecta Inc. (NYSE: PRSP)

JANA Partner’s Stake Value: $226,597,000
Percent of JANA Partner’s 13F Portfolio: 15.27%
Number of Hedge Fund Holders: 40

Perspecta Inc. (NYSE: PRSP) is an information technology company that was founded in 2018. Recently, the company has been acquired by the national security company, Peraton Inc. in a $7.1 billion deal. The company will now go by the name of Peraton Inc. Perspecta Inc. (NYSE: PRSP) specializes in information technology in areas such as defense, space, intelligence, cyber, homeland and security, health, etc. It is the third-largest holding of Barry Rosenstein’s Jana Partners.

In Q3 2021, Barry Rosenstein’s Jana Partners holds over 7.8 million shares in Perspecta Inc. (NYSE: PRSP), worth $226.5 million. In the third quarter, the company reported a net income of $90 million and EPS of $0.56, beating the market consensus by $0.04. Perspecta Inc. (NYSE: PRSP) also beat revenue by $50 million at $1.13 billion. The Defense and Intelligence segment generated revenue of $795 million whereas the Healthcare segment accounted for $339 million of the gross revenue.

As of Q1 2021, 40 hedge funds tracked by Insider Monkey have positions in Perspecta Inc. (NYSE: PRSP), up from 37 in the previous quarter. The total value of these stakes is $957.8 million.