Investors Fired Up About FireEye Inc (FEYE) Following NYSE Cybersecurity Scare

Hedge fund activity in FireEye Inc (NASDAQ:FEYE)

According to hedge fund intelligence website Insider Monkey, Karthik Sarma‘s SRS Investment Management had the number one position in FireEye Inc (NASDAQ:FEYE), holding 3.25 million shares worth close to $127.6 million, amounting to 5% of its total 13F portfolio. Coming in second is John Thaler of JAT Capital Management, with a $68.1 million position of 1.74 million shares; the fund had 1.8% of its 13F portfolio invested in the stock. Some other peers with similar optimism encompass Jim Simons’ Renaissance Technologies, John Burbank’s Passport Capital, and Frank Slattery’s Symmetry Peak Management.

Certain hedge funds had jumped into FireEye Inc (NASDAQ:FEYE) headfirst by the end of the first quarter. The previously mentioned JAT Capital Management, led by John Thaler, assembled the most valuable position in FireEye Inc (NASDAQ:FEYE). JAT Capital Management’s investment in the company was a new one, as was Renaissance Technologies’ stake in the firm. The following funds were also among the new FireEye investors: Passport Capital, Sanford J. Colen’s Apex Capital, and Daniel Benton’s Andor Capital Management.

Cybersecurity will only continue to expand as a thriving business as our reliance on technology and secure systems continues to mount, and that is unlikely to change anytime soon; in fact it will only increase exponentially as the Internet of Things era really kicks into gear. With the support of the world’s leading money managers, we deem FireEye Inc (NASDAQ:FEYE) as a secure investment at the moment.

Disclosure: None