Ricky Sandler’s Eminence Capital’s Top 5 Stocks

2. New Relic, Inc. (NYSE:NEWR)

Eminence Capital’s Stake Value: $334,015,000

Percentage of Eminence Capital’s 13F Portfolio: 4.10%

Number of Hedge Fund Holders: 29

New Relic, Inc. (NYSE:NEWR) is a software company offering a cloud-based platform for enterprise-level collaboration between all departments of an organization. Using DevOps, cloud solutions, and digitally enhancing customer experience, they offer their tech services and platform to several industries, including retail, e-commerce, healthcare, media and entertainment, and the public sector. New Relic, Inc. (NYSE:NEWR) is a top stock in Ricky Sandler’s Q2 portfolio. 

Sandler’s Eminence Capital owns 4.98 million shares valued at approximately $334 million in New Relic, Inc. (NYSE:NEWR), representing 4.10% of Sander’s Q2 portfolio. 

On October 14, RBC Capital analyst Rishi Jaluria kept a Sector Perform rating on New Relic, Inc. (NYSE:NEWR), setting a price target of $74.