5 Healthcare and Software Stocks to Buy According to Michel Massoud’s Melqart Asset Management

4. Proofpoint Inc (NASDAQ:PFPT)

Melqart Asset Management’s Stake Value: $61.410 million

Percentage of Melqart Asset Management’s 13F Portfolio: 2.75%

Number of Hedge Fund Holders: 48

Founded in 2002 and headquartered in Sunnyvale, California, Proofpoint Inc (NASDAQ: PFPT) is a software company that specializes in mobile devices, digital risk, email encryption, outbound data loss prevention, and inbound email security. Of the 873 hedge funds that are on Insider Monkey’s database, 48 held stakes in Proofpoint Inc (NASDAQ: PFPT) by the end of Q2 2021, with a total value of over $2.5 billion. This is as compared to 22 hedge funds that held stakes in the company at the end of Q1 2021 which had a combined value of $455 million.