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Do you like to follow smart money buying trends? If so, you may be interested in a screen we ran for a look at stocks currently favored by smart money institutional investors.

We began by screening the technology industry for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum.

We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.

Compare market caps. For an interactive version of this chart, click on the image below.

Do you think these stocks are poised to outperform? Use this list as a starting point for your own analysis.

1. Cincinnati Bell Inc. (NYSE:CBB): Provides data and voice communications services over wireline and wireless networks, as well as offers data center operations, related management services, and equipment in the United States. Market cap at $1.11B, most recent closing price at $5.56. Net institutional purchases in the current quarter at 11.2M shares, which represents about 6.22% of the company's float of 180.05M shares. The stock is currently trading 2.6% above its 20-day moving average, 4.3% above its 50-day moving average, and 22% above its 200-day moving average. The top 2 holders of the stock are GAMCO Investors, and Wells Fargo.

2. Cornerstone OnDemand, Inc. (NASDAQ:CSOD): Provides learning and talent management solution delivered as software-as-a-service. Market cap at $1.51B, most recent closing price at $29.84. Net institutional purchases in the current quarter at 2.1M shares, which represents about 5.9% of the company's float of 35.61M shares. The stock is currently trading 8.56% above its 20-day moving average, 9.14% above its 50-day moving average, and 22% above its 200-day moving average. The top 2 holders of the stock are Lord Abbett & Co., and T. Rowe Price.

3. DigitalGlobe, Inc. (NYSE:DGI): Provides commercial earth imagery products and solutions. Market cap at $1.2B, most recent closing price at $25.55. Net institutional purchases in the current quarter at 6.1M shares, which represents about 17.08% of the company's float of 35.71M shares. The stock is currently trading 2.23% above its 20-day moving average, 3.79% above its 50-day moving average, and 36% above its 200-day moving average. The top 2 holders of the stock are Wellington Management, and The Vanguard Group.

4. Ellie Mae, Inc. Common Stock (NYSE:ELLI): Hosts electronic mortgage origination network in the United States. Market cap at $673.06M, most recent closing price at $26.23. Net institutional purchases in the current quarter at 2.5M shares, which represents about 12.47% of the company's float of 20.05M shares. The stock is currently trading 5% above its 20-day moving average, 10.66% above its 50-day moving average, and 31.84% above its 200-day moving average. The top 2 holders of the stock are World Capital Advisors, and the Vanguard Group.

5. Interxion Holding NV (NYSE:INXN): Provides carrier-neutral colocation data center services in Europe. Market cap at $1.63B, most recent closing price at $24.38. Net institutional purchases in the current quarter at 3.2M shares, which represents about 8.% of the company's float of 39.98M shares. The stock is currently trading 6.96% above its 20-day moving average, 11.86% above its 50-day moving average, and 25% above its 200-day moving average. The top 2 holders of the stock are D. E. Shaw, and Thornburg Investment Management.

6. LinkedIn Corporation (NYSE:LNKD): Operates an online professional network. Market cap at $12.16B, most recent closing price at $113.15. Net institutional purchases in the current quarter at 7.5M shares, which represents about 8.67% of the company's float of 86.51M shares. The stock is currently trading 1% above its 20-day moving average, 5.66% above its 50-day moving average, and 7% above its 200-day moving average. The top 2 holders of the stock are Jennison Associates, and T. Rowe Associates.

7. Pendrell Corporation (NASDAQ:PCO): Through its wholly-owned subsidiary, Pendrell Technologies, Inc., provides corporate intellectual property solutions and litigation insights to Fortune 500 companies and technology firms worldwide. Market cap at $338.78M, most recent closing price at $1.30. Net institutional purchases in the current quarter at 36.2M shares, which represents about 25.41% of the company's float of 142.45M shares. The stock is currently trading 6.7% above its 20-day moving average, 12.65% above its 50-day moving average, and 0.82% above its 200-day moving average. The top 2 holders of the stock are Highland Capital Management, and Kleinheinz Capital Partners.

* Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 7 Rallying Technology Stocks Being Snapped Up By Money Managers