Hedge Funds Aren’t Crazy About Virtusa Corporation (VRTU) Anymore

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Virtusa Corporation (NASDAQ:VRTU) was in 7 hedge funds’ portfolios at the end of September. VRTU has seen a decrease in hedge fund interest in recent months. There were 11 hedge funds in our database with VRTU positions at the end of the previous quarter. At the end of this article we will also compare VRTU to other stocks including CEVA, Inc. (NASDAQ:CEVA), Speedway Motorsports, Inc. (NYSE:TRK), and Piper Jaffray Companies (NYSE:PJC) to get a better sense of its popularity.

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Keeping this in mind, we’re going to go over the fresh action regarding Virtusa Corporation (NASDAQ:VRTU).

Hedge fund activity in Virtusa Corporation (NASDAQ:VRTU)

At the end of the third quarter, a total of 7 of the hedge funds tracked by Insider Monkey were long this stock, a plunge of 36% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards VRTU over the last 5 quarters. With the smart money’s sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).


Of the funds tracked by Insider Monkey, George McCabe’s Portolan Capital Management has the most valuable position in Virtusa Corporation (NASDAQ:VRTU), worth close to $7.9 million, accounting for 1.1% of its total 13F portfolio. The second most bullish fund manager is P.A.W. CAPITAL PARTNERS, led by Peter A. Wright, holding a $6.2 million position; 6.6% of its 13F portfolio is allocated to the company. Other peers that are bullish encompass Ken Griffin’s Citadel Investment Group, Warren Lammert’s Granite Point Capital and Roger Ibbotson’s Zebra Capital Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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