5 Best Tech Stocks to Buy Now According to Orkun Kilic’s Berry Street Capital

3. Nuance Communications, Inc. (NASDAQ: NUAN)

Berry Street Capital’s Stake Value: $61.245 million
Percentage of Berry Street Capital’s 13F Portfolio: 5.39%
Number of Hedge Fund Holders: 72

Ranking 3rd on our list of best tech stocks to buy now according to Orkun Kilic’s Berry Street Capital, Nuance Communications, Inc. (NASDAQ: NUAN) specializes in conversational and cognitive artificial intelligence innovations with the aim of making daily life easier.  Latest filings by Berry Street Capital reveal that the hedge fund owned 1.125 million shares in the firm at the end of June 2021 that are worth $61.245 million, representing 5.39% of the portfolio.

On May 11th, Morgan Stanley lowered Nuance Communications, Inc. (NASDAQ: NUAN)’s price target from $60 to $56 with a rating of Equal Weight (down from Overweight). With a stock price of $55.21, the price went up by 29.94% in the last 6 months. The second quarter revenue of Nuance Communications, Inc. (NASDAQ: NUAN) was $346.98 million compared to the first quarter’s $345.75 million.

As of the second quarter, 72 hedge funds out of 873 funds tracked by Insider Monkey held stakes in the company worth $5.576 billion versus the first quarter’s 57 hedge funds with a stake of $4.13 billion. With a stake of $732 million, Philippe Laffont is the company’s biggest stakeholder.

5 Best Tech Stocks to Buy Now According to Orkun Kilic's Berry Street Capital