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Was This Fund Right to Bet on Amber Road Inc (AMBR), Euronet Worldwide, Inc. (EEFT) & Two Other Stocks?

Euronet Worldwide, Inc. (NASDAQ:EEFTis another company on which G2 Investment Partners Management was bullish in the last two quarters and after increasing the stake by 51% in the second quarter and by 14% in the third, it held 127,025 shares worth $10.39 million at the end of September. Meanwhile, the stock gained 18.3% in the third quarter.  Heading into the third quarter of 2016, a total of 28 of the hedge funds tracked by Insider Monkey were long this stock, up by 65% sequentially. Among these funds, Renaissance Technologies held the most valuable stake in Euronet Worldwide, Inc. (NASDAQ:EEFT), which was worth $59.5 million at the end of the second quarter. On the second spot was Adage Capital Management which amassed $23.9 million worth of shares. Moreover, Portolan Capital Management, Millennium Management, and Clinton Group were also bullish on Euronet Worldwide, Inc. (NASDAQ:EEFT).

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Last, but not least, G2 Investment cut its stake in Gigamon Inc (NYSE:GIMOby 59% in the third quarter and reported ownership of 72,772 shares worth $3.99 million in its last 13F filing. The stock returned 46.6% during the third quarter. During the second quarter, the number of funds tracked by Insider Monkey inched down by one to 22. The largest stake in Gigamon Inc (NYSE:GIMO) was held by Renaissance Technologies, which reported holding $47.1 million worth of stock as of the end of June. It was followed by Millennium Management with a $25.8 million position. Other investors bullish on the company included Alyeska Investment Group, Harvest Capital Strategies, and Lyon Street Capital.

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