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If you're looking for small-cap tech ideas, this list might offer a good starting point. The following list consists of 17 small-cap tech stocks that have seen more than a 5% increase in institutional buying over the last three months. Clearly institutional investors think these names have more upside. What do you think? Full details below.

Institutional data sourced from Reuters, all other data sourced from Finviz.

Interactive Chart: Press Play to compare changes in market cap for the stocks mentioned above. Note: The numbers on top of items represent the forward P/E ratio, if available.

List sorted by increase in institutional ownership. (Note: Data collected on Monday afternoon, March 7.)

1. Kongzhong Corp. (KONG): Multimedia & Graphics Software Industry. Market cap of $307.21M. Institutional ownership increased 26.67% over the last three months, from 4.86M shares to 6.15M shares. The stock is exhibiting strong upside momentum; it's currently trading 16.2% above its SMA20, 20.44% above its SMA50, and 28.36% above its SMA200. The stock has had a couple of great days, gaining 20.78% over the last week.

2. Caliper Life Sciences, Inc. (CALP): Scientific & Technical Instruments Industry. Market cap of $342.03M. Institutional ownership increased 25.41% over the last three months, from 34.05M shares to 42.71M shares. The stock has gained 79.02% over the last year.

3. CEVA Inc. (CEVA): Semiconductor Industry. Market cap of $521.62M. Institutional ownership increased 17.35% over the last three months, from 17.07M shares to 20.04M shares. The stock has gained 89.68% over the last year.

4. City Telecom HK Ltd. (CTEL): Telecom Services Industry. Market cap of $566.10M. Institutional ownership increased 15.06% over the last three months, from 6.28M shares to 7.23M shares. The stock has gained 18.02% over the last year.

5. TeleNav, Inc. (TNAV): Communication Equipment Industry. Market cap of $479.68M. Institutional ownership increased 14.61% over the last three months, from 9.69M shares to 11.11M shares. The stock has had a couple of great days, gaining 6.24% over the last week.

6. Virtusa Corp. (VRTU): Information Technology Services Industry. Market cap of $412.10M. Institutional ownership increased 10.89% over the last three months, from 20.30M shares to 22.51M shares. The stock has gained 69.87% over the last year.

7. Axcelis Technologies Inc. (ACLS): Semiconductor Equipment & Materials Industry. Market cap of $304.88M. Institutional ownership increased 10.28% over the last three months, from 60.40M shares to 66.61M shares. Note that this is a risky stock that is significantly more volatile than the overall market (beta = 2.49). The stock has gained 71.18% over the last year.

8. Globalstar Inc. (OTCQB:GSAT): Wireless Communications Industry. Market cap of $359.60M. Institutional ownership increased 9.64% over the last three months, from 55.34M shares to 60.67M shares. This stock is significantly more volatile than the overall market (beta = 2.19). Short float at 5.12% (equivalent to 6.97 days of average volume), indicating GSAT is a short-squeeze candidate. The stock is currently stuck in a downtrend, trading 10.45% below its SMA20, 12.94% below its SMA50, and 24.42% below its SMA200. It's also been a rough couple of days for the stock, losing 5.34% over the last week.

9. Web.com Group, Inc. (WWWW): Internet Information Providers Industry. Market cap of $360.46M. Institutional ownership increased 7.60% over the last three months, from 12.98M shares to 13.97M shares. WWWW is exhibiting strong upside momentum, currently trading 7.61% above its SMA20, 22.96% above its SMA50, and 96.0% above its SMA200. The stock has had a couple of great days, gaining 7.45% over the last week.

10. RealNetworks Inc. (RNWK): Application Software Industry. Market cap of $523.69M. Institutional ownership increased 7.35% over the last three months, from 53.63M shares to 57.57M shares. The stock has lost 25.63% over the last year.

11. Sigma Designs, Inc. (SIGM): Semiconductor Industry. Market cap of $374.36M. Institutional ownership increased 6.90% over the last three months, from 18.97M shares to 20.28M shares. The stock is a short-squeeze candidate, with a short float at 7.19% (equivalent to 6.38 days of average volume). It's also been a rough couple of days for the stock, losing 13.61% over the last week.

12. ModusLink Global Solutions, Inc. (MLNK): Internet Software & Services Industry. Market cap of $305.17M. Institutional ownership increased 6.88% over the last three months, from 22.93M shares to 24.51M shares. This is a risky stock that is significantly more volatile than the overall market (beta = 2.04). The stock has lost 36.95% over the last year.

13. Allot Communications Ltd. (ALLT): Technical & System Software Industry. Market cap of $375.24M. Institutional ownership increased 6.71% over the last three months, from 20.68M shares to 22.07M shares. The stock has had a couple of great days, gaining 9.12% over the last week.

14. Merge Healthcare Incorporated. (MRGE): Healthcare Information Services Industry. Market cap of $408.90M. Institutional ownership increased 6.46% over the last three months, from 19.10M shares to 20.33M shares. MRGE has a relatively low correlation to the market (beta = 0.75), which may be appealing to risk-averse investors. The stock is a short-squeeze candidate, with a short float at 5.38% (equivalent to 6.52 days of average volume). The stock has also gained 125.23% over the last year.

15. Echelon Corporation (ELON): Networking & Communication Devices Industry. Market cap of $360.66M. Institutional ownership increased 6.42% over the last three months, from 14.14M shares to 15.04M shares. Short float at 9.09% (equivalent to 13.9 days of average volume), indicating the stock is a short-squeeze candidate. The stock has lost 4.65% over the last year.

16. Measurement Specialties Inc. (MEAS): Scientific & Technical Instruments Industry. Market cap of $480.81M. Institutional ownership increased 6.37% over the last three months, from 11.55M shares to 12.29M shares. This is a risky stock that is significantly more volatile than the overall market (beta = 2.24). It is exhibiting strong upside momentum, currently trading 5.88% above its SMA20, 10.21% above its SMA50, and 48.91% above its SMA200. The stock has had a good month, gaining 14.38%.

17. Nanometrics Incorporated (NANO): Scientific & Technical Instruments Industry. Market cap of $405.52M. Institutional ownership increased 5.84% over the last three months, from 12.41M shares to 13.13M shares. The stock has gained 84.34% over the last year.

Source: 17 Small-Cap Tech Stocks Being Snapped Up by Institutional Investors