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Hedge Funds Are Dumping Compuware Corporation (CPWR)

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Compuware Corporation (NASDAQ:CPWR)

What’s more, we’re going to analyze the recent info for Compuware Corporation (NASDAQ:CPWR).

What does the smart money think about Compuware Corporation (NASDAQ:CPWR)?

In preparation for the third quarter, a total of 23 of the hedge funds we track held long positions in this stock, a change of -4% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their holdings considerably.

According to our 13F database, Elliott Management, managed by Paul Singer, holds the most valuable position in Compuware Corporation (NASDAQ:CPWR). Elliott Management has a $193 million position in the stock, comprising 3.7% of its 13F portfolio. On Elliott Management’s heels is Jeffrey Smith of Starboard Value LP, with a $98.2 million position; 6.9% of its 13F portfolio is allocated to the stock. Remaining hedge funds that hold long positions include Jonathon Jacobson’s Highfields Capital Management, Steven Cohen’s SAC Capital Advisors and Tom Sandell’s Sandell Asset Management.

Because Compuware Corporation (NASDAQ:CPWR) has faced dropping sentiment from the top-tier hedge fund industry, logic holds that there was a specific group of funds that slashed their full holdings in Q1. Interestingly, Jim Roumell’s Roumell Asset Management cut the largest investment of all the hedgies we watch, comprising about $7 million in call options., and SAC Subsidiary of CR Intrinsic Investors was right behind this move, as the fund said goodbye to about $1.1 million worth. These transactions are important to note, as total hedge fund interest dropped by 1 funds in Q1.

What have insiders been doing with Compuware Corporation (NASDAQ:CPWR)?

Bullish insider trading is best served when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time period, Compuware Corporation (NASDAQ:CPWR) 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 Compuware Corporation (NASDAQ:CPWR). These stocks are Fortinet Inc (NASDAQ:FTNT), CommVault Systems, Inc. (NASDAQ:CVLT), Diebold Incorporated (NYSE:DBD), MICROS Systems, Inc. (NASDAQ:MCRS), and Open Text Corporation (USA) (NASDAQ:OTEX). This group of stocks are in the application software industry and their market caps resemble CPWR’s market cap.

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