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The following list is comprised of stocks that have recently raised earnings guidance above analysts’ estimates. Beyond that, they have seen net institutional buying and net mutual fund buying over the last two quarters.

These names are surprising analysts, and the smart money is chasing them. What do you think about their potential? Full details below.

Institutional and mutual fund data sourced from Fidelity, short float and performance data sourced from Finviz, earnings guidance sourced from Briefing.com.

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The list has been sorted by institutional ownership as a percentage of shares outstanding.

1. First Cash Financial Services Inc. (NASDAQ:FCFS): Credit Services Industry. Market cap of $969.9M. Guided FY10 at $2.02-2.10 vs. estimate of $1.71.

Institutional ownership represents 64.90% of shares outstanding. Net institutional shares purchased during current quarter at 505.2K vs. 374.7K net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 58.5K vs. 523.3K net purchases during the previous quarter.

Short float at 4.13%, which implies a short ratio of 8.25 days. The stock has gained 50.64% over the last year.

2. CROCS Inc. (NASDAQ:CROX): Apparel Footwear & Accessories Industry. Market cap of $1.58B. Guided Q1 at $0.19 vs. estimate of $0.17.

Institutional ownership represents 62.90% of shares outstanding. Net institutional shares purchased during current quarter at 1.1M vs. 4.5M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 2.0M vs. 1.8M net purchases during the previous quarter.

Short float at 9.4%, which implies a short ratio of 3.85 days. The stock has gained 132.22% over the last year.

3. Dana Holding Corporation (NYSE:DAN): Auto Parts Industry. Market cap of $2.61B. Guided FY11 at $1.50-1.60 vs. estimate of $1.18.

Institutional ownership represents 61.50% of shares outstanding. Net institutional shares purchased during current quarter at 7.2M vs. 3.3M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 7.8M vs. 4.6M net purchases during the previous quarter.

Short float at 5.9%, which implies a short ratio of 3.01 days. The stock has gained 67.33% over the last year.

4. American Campus Communities Inc. (NYSE:ACC): REIT. Market cap of $2.14B. Guided FY11 at $1.64-1.76 vs. estimate of $0.44.

Institutional ownership represents 57.80% of shares outstanding. Net institutional shares purchased during current quarter at 1.6M vs. 13.9M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 2.6M vs. 2.4M net purchases during the previous quarter.

Short float at 4.66%, which implies a short ratio of 6.72 days. The stock has gained 21.16% over the last year.

5. Ansys, Inc. (NASDAQ:ANSS): Technical & System Software Industry. Market cap of $4.92B. Guided Q1 at $0.53-0.56 vs. estimate of $0.53.

Institutional ownership represents 53.00% of shares outstanding. Net institutional shares purchased during current quarter at 2.0M vs. 1.9M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 2.1M vs. 1.2M net purchases during the previous quarter.

Short float at 2.24%, which implies a short ratio of 4.93 days. The stock has gained 24.05% over the last year.

6. STEC, Inc. (NASDAQ:STEC): Data Storage Devices Industry. Market cap of $1.01B. Guided Q1 at $0.32-0.34 vs. estimate of $0.25.

Institutional ownership represents 52.90% of shares outstanding. Net institutional shares purchased during current quarter at 10.8M vs. 5.9M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 4.4M vs. 675.5K net purchases during the previous quarter.

Short float at 25.34%, which implies a short ratio of 5.22 days. The stock has gained 89.79% over the last year.

7. EMC Corporation (NYSE:EMC): Data Storage Devices Industry. Market cap of $54.7B. Guided FY11 at $1.46 vs. estimate of $1.45.

Institutional ownership represents 51.20% of shares outstanding. Net institutional shares purchased during current quarter at 23.2M vs. 34.9M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 1.2M vs. 46.0M net purchases during the previous quarter.

Short float at 2.29%, which implies a short ratio of 2.26 days. The stock has gained 53.29% over the last year.

8. QUALCOMM Incorporated (NASDAQ:QCOM): Communication Equipment Industry. Market cap of $95.01B. Guided FY11 at $2.91-3.05 vs. estimate of $2.78. Guided Q2 at $0.77-0.81 vs. estimate of $0.68.

Institutional ownership represents 49.20% of shares outstanding. Net institutional shares purchased during current quarter at 18.9M vs. 31.2M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 34.3M vs. 2.6K net purchases during the previous quarter.

Short float at 1.86%, which implies a short ratio of 2.14 days. The stock has gained 58.23% over the last year.

9. Weatherford International Ltd. (NYSE:WFT): Oil & Gas Equipment & Services Industry. Market cap of $17.65B. Guided FY11 at approx. $1.30 vs. estimate of $1.25.

Institutional ownership represents 47.90% of shares outstanding. Net institutional shares purchased during current quarter at 18.2M vs. 4.4M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 23.8M vs. 7.1M net purchases during the previous quarter.

Short float at 3.33%, which implies a short ratio of 1.98 days. The stock has gained 44.51% over the last year.

10. Steven Madden, Ltd. (NASDAQ:SHOO): Apparel Footwear & Accessories Industry. Market cap of $1.17B. Guided FY11 at $3.00-3.10 vs. estimate of $2.99.

Institutional ownership represents 47.70% of shares outstanding. Net institutional shares purchased during current quarter at 95.1K vs. 1.6M net purchases during previous quarter. Net mutual fund shares purchased during current quarter at 328.3K vs. 395.1K net purchases during the previous quarter.

Short float at 6.63%, which implies a short ratio of 4.3 days. The stock has gained 50.88% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 10 Companies Boosting Guidance, Attracting Institutional Flows