Should RPX Corp (NASDAQ:RPXC) investors track the following data?
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Now that that’s out of the way, let’s discuss the latest info surrounding RPX Corp (NASDAQ:RPXC).
How have hedgies been trading RPX Corp (NASDAQ:RPXC)?
At Q2’s end, a total of 15 of the hedge funds we track were bullish in this stock, a change of 36% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their stakes meaningfully.
When using filings from the hedgies we track, Eric Bannasch’s Cadian Capital had the biggest position in RPX Corp (NASDAQ:RPXC), worth close to $18.2 million, comprising 0.6% of its total 13F portfolio. Coming in second is Royce & Associates, managed by Chuck Royce, which held a $9.7 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Jim Simons’s Renaissance Technologies, Cliff Asness’s AQR Capital Management and D. E. Shaw’s D E Shaw.
Now, particular hedge funds have been driving this bullishness. Cadian Capital, managed by Eric Bannasch, assembled the largest position in RPX Corp (NASDAQ:RPXC). Cadian Capital had 18.2 million invested in the company at the end of the quarter. Chuck Royce’s Royce & Associates also initiated a $9.7 million position during the quarter. The other funds with brand new RPXC positions are Jim Simons’s Renaissance Technologies, Cliff Asness’s AQR Capital Management, and D. E. Shaw’s D E Shaw.
Insider trading activity in RPX Corp (NASDAQ:RPXC)
Bullish insider trading is at its handiest when the primary stock in question has seen transactions within the past six months. Over the last half-year time period, RPX Corp (NASDAQ:RPXC) has experienced zero unique insiders buying, and zero 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 RPX Corp (NASDAQ:RPXC). These stocks are Team, Inc. (NYSE:TISI), InnerWorkings, Inc. (NASDAQ:INWK), LivePerson, Inc. (NASDAQ:LPSN), WNS (Holdings) Limited (ADR) (NYSE:WNS), and Insperity Inc (NYSE:NSP). All of these stocks are in the business services industry and their market caps resemble RPXC’s market cap.