Ahmet Okumus’ Latest Move In Lifelock Inc (LOCK) & Other New Picks

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Dover Corp (NYSE:DOV) is down by about 11% over the last 52 weeks. The manufacturer of innovative equipment, components, and specialty systems is undergoing a period of assimilating its latest acquisitions, including Accelerated Companies, for which Dover paid $430 million in October last year. Dover Corp (NYSE:DOV)’s fourth quarter financial results included Earnings per Share (EPS) of $1.01, which beat estimates by $0.07 and revenues of $1.97 billion that came in $70 million below forecasts.

Nuance Communications Inc. (NASDAQ:NUAN)‘s stake in Okumus’ portfolio stood at 1.83 million shares valued at $26.06 million at the end of the fourth quarter. The hedge fund interest in the company, among those that we track, decreased as 28 funds had an aggregate investment of $1.08 billion at the end of the fourth quarter versus 33 funds with $1.09 billion a quarter earlier. Renowned activist investor, Carl Ichan held 60.78 million shares valued at $867.40 million towards the end of 2014.

Nuance Communications Inc. (NASDAQ:NUAN)’s EPS of $0.25 for the first fiscal quarter was $0.03 ahead of estimates and revenues of $489 million also came in $2.13 million higher than anticipated. The stock is down nearly 15% over the last year.

Jive Software Inc (NASDAQ:JIVE), a company that provides a social business software platform, formed 2.08% of Okumus’ portfolio as 1.66 million shares valued at $9.99 million were added during the fourth quarter. Scott Fine and Peter Richard’s Empire Capital Management is also a significant stockholder of the company with 5.1 million shares valued at $30.75 million.

Jive Software Inc (NASDAQ:JIVE) is down by about 37.5% over the last year. Net loss per share of $0.07 for the fourth quarter beat estimates by $0.03 and revenues of $47.69 also came $0.53 million ahead of estimates.

Disclosure: none

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