Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Computer Sciences Corporation (CSC): Are Hedge Funds Right About This Stock?

Computer Sciences Corporation (NYSE:CSC) investors: listen up.

In the financial world, there are dozens of indicators shareholders can use to analyze Mr. Market. A couple of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top money managers can outclass the market by a superb margin (see just how much).

Equally as necessary, positive insider trading activity is a second way to analyze the stock market universe. Just as you’d expect, there are plenty of stimuli for a corporate insider to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the market-beating potential of this tactic if you know what to do (learn more here).

What’s more, we’re going to study the newest info for Computer Sciences Corporation (NYSE:CSC).

Computer Sciences Corporation (NYSE:CSC)

How have hedgies been trading Computer Sciences Corporation (NYSE:CSC)?

At Q2’s end, a total of 27 of the hedge funds we track held long positions in this stock, a change of 4% from the first quarter. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were upping their stakes meaningfully.

When using filings from the hedgies we track, Larry Robbins’s Glenview Capital had the biggest position in Computer Sciences Corporation (NYSE:CSC), worth close to $318.4 million, comprising 2.9% of its total 13F portfolio. On Glenview Capital’s heels is Greenlight Capital, managed by David Einhorn, which held a $179.8 million position; the fund has 3.4% of its 13F portfolio invested in the stock. Some other peers that are bullish include Cliff Asness’s AQR Capital Management, Donald Chiboucis’s Columbus Circle Investors and D. E. Shaw’s D E Shaw.

With a general bullishness amongst the titans, certain bigger names were leading the bulls’ herd. Glenview Capital, managed by Larry Robbins, assembled the largest position in Computer Sciences Corporation (NYSE:CSC). Glenview Capital had 318.4 million invested in the company at the end of the quarter. David Einhorn’s Greenlight Capital also made a $179.8 million investment in the stock during the quarter. The other funds with brand new CSC positions are Cliff Asness’s AQR Capital Management, Donald Chiboucis’s Columbus Circle Investors, and D. E. Shaw’s D E Shaw.

How are insiders trading Computer Sciences Corporation (NYSE:CSC)?

Legal insider trading, particularly when it’s bullish, is particularly usable when the company we’re looking at has experienced transactions within the past six months. Over the last six-month time frame, Computer Sciences Corporation (NYSE:CSC) has seen zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Computer Sciences Corporation (NYSE:CSC). These stocks are NCR Corporation (NYSE:NCR), ServiceNow Inc (NYSE:NOW), Xerox Corporation (NYSE:XRX), Gartner Inc (NYSE:IT), and Rackspace Hosting, Inc. (NYSE:RAX). All of these stocks are in the information technology services industry and their market caps are closest to CSC’s market cap.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.