Cantel Medical Corp. (CMN), ShoreTel, Inc. (SHOR): Are These And Other Stocks Poised for Big Gains?

Diker Management loaded up on ShoreTel, Inc. (NASDAQ:SHOR) in the second quarter, increasing its holding in the company by a whopping 619%, moving into the third quarter with 647,382 shares which had a total value of over $4.33 million. This was a smart investment, as the stock returned 19.6% during the third quarter. Diker was one of 16 of the hedge funds tracked by Insider Monkey which were bullish on the stock at the end of June, down by 24% from one quarter earlier. RGM Capital was the largest shareholder of ShoreTel, Inc. (NASDAQ:SHOR) among them, with a stake worth $41.3 million reported as of the end of June. Trailing RGM Capital was Park West Asset Management, which amassed a stake valued at $40.6 million. Renaissance Technologies, Portolan Capital Management, and D E Shaw also held valuable positions in the company.

Allegion PLC (NYSE:ALLE), a stock which lost 0.6% in the third quarter, was bought by Diker Management in the second quarter, as the fund increased its holding in the company by 37%. Diker Management reported ownership of 51,200 shares of Allegion as of June 30, with the total value of the investment being about $3.55 million. Allegion PLC (NYSE:ALLE) investors should pay attention to an increase in support from the world’s most elite money managers lately. ALLE was in 34 hedge funds’ portfolios at the end of June, up from 32 a quarter earlier. The largest stake in Allegion PLC (NYSE:ALLE) was held by Select Equity Group, which reported holding $272.9 million worth of stock as of the end of June. It was followed by Blue Ridge Capital with a $160 million position. Other investors bullish on the company included Marshall Wace LLP, Valinor Management LLC, and Columbus Circle Investors.

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