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If you like to track the tech sector, this list may be of value in analyzing the technology sector. To compile this list, we focused on technology stocks with market cap over $300M that showed the greatest levels of institutional buying in the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.


Do you think institutional investors are too optimistic on these stocks? Use this list as a starting point for your own analysis.

List sorted by net institutional buying as a percent of share float.

1. EXFO Inc (NASDAQ:EXFO): Communication Equipment Industry. Market cap of $552.09M. Net institutional shares purchased over the current quarter at 5.6M, which is 22.99% of a 24.36M share float. The stock has had a couple of great days, gaining 6.45% over the last week.

2. Hanwha SolarOne, Ltd. (NASDAQ:HSOL): Semiconductor Industry. Market cap of $451.47M. Net institutional shares purchased over the current quarter at 3.1M, which is 21.41% of a 14.48M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.51). The stock has had a couple of great days, gaining 8.08% over the last week.

3. BroadSoft, Inc. (NASDAQ:BSFT):
Application Software Industry. Market cap of $1.04B. Net institutional shares purchased over the current quarter at 5.2M, which is 21.19% of a 24.54M share float. After a solid performance over the last year, BSFT has pulled back during recent sessions. The stock has performed poorly over the last month, losing 11.28%.

4. Verint Systems Inc. (NASDAQ:VRNT):
Business Software & Services Industry. Market cap of $1.33B. Net institutional shares purchased over the current quarter at 3.8M, which is 20.64% of a 18.41M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.07). The stock has had a couple of great days, gaining 5.19% over the last week.

5. Mercury Computer Systems, Inc. (NASDAQ:MRCY): Computer Peripherals Industry. Market cap of $566.78M. Net institutional shares purchased over the current quarter at 5.7M, which is 20.57% of a 27.71M share float. The stock has gained 60.1% over the last year.

6. Universal Display Corp. (NASDAQ:PANL):
Computer Peripherals Industry. Market cap of $2.03B. Net institutional shares purchased over the current quarter at 7.1M, which is 19.04% of a 37.29M share float. The stock is -11.47% below its SMA20 and -18.62% below its SMA50, but remains 19.06% above its SMA200. The stock has performed poorly over the last month, losing 18.16%.

7. Keynote Systems Inc. (NASDAQ:KEYN): Internet Software & Services Industry. Market cap of $337.80M. Net institutional shares purchased over the current quarter at 2.2M, which is 16.74% of a 13.14M share float. The stock has gained 108.43% over the last year.

8. Merge Healthcare Incorporated. (NASDAQ:MRGE)
: Healthcare Information Services Industry. Market cap of $487.08M. Net institutional shares purchased over the current quarter at 3.1M, which is 15.38% of a 20.15M share float. The stock is a short squeeze candidate, with a short float at 5.02% (equivalent to 5.1 days of average volume). The stock has had a couple of great days, gaining 6.06% over the last week.

9. TeleNav, Inc. (NASDAQ:TNAV): Communication Equipment Industry. Market cap of $677.50M. Net institutional shares purchased over the current quarter at 2.4M, which is 14.79% of a 16.23M share float. Exhibiting strong upside momentum--currently trading 7.15% above its SMA20, 25.76% above its SMA50, and 86.93% above its SMA200. The stock has had a good month, gaining 17.36%.

10. Ocz Technology Group Inc. (NASDAQ:OCZ):
Data Storage Devices Industry. Market cap of $419.77M. Net institutional shares purchased over the current quarter at 6.5M, which is 13.68% of a 47.52M share float. The stock has had a couple of great days, gaining 17.39% over the last week.

11. Sycamore Networks Inc. (OTCPK:SCMR):
Networking & Communication Devices Industry. Market cap of $686.93M. Net institutional shares purchased over the current quarter at 2.6M, which is 12.78% of a 20.34M share float. The stock is a short squeeze candidate, with a short float at 6.1% (equivalent to 9.13 days of average volume). The stock has had a couple of great days, gaining 8.17% over the last week.

12. Synaptics Inc. (NASDAQ:SYNA):
Computer Peripherals Industry. Market cap of $937.08M. Net institutional shares purchased over the current quarter at 4.3M, which is 12.66% of a 33.96M share float. Might be undervalued at current levels, with a PEG ratio at 0.81, and P/FCF ratio at 10.59. The stock is a short squeeze candidate, with a short float at 29.7% (equivalent to 22.94 days of average volume). The stock has lost 6.3% over the last year.

13. Silicon Graphics International Corp. (NASDAQ:SGI): Diversified Computer Systems Industry. Market cap of $545.42M. Net institutional shares purchased over the current quarter at 3.4M, which is 11.89% of a 28.59M share float. The stock is -6.67% below its SMA20 and -6.72% below its SMA50, but remains 44.3% above its SMA200. The stock has had a couple of great days, gaining 8.24% over the last week.

14. Photronics Inc. (NASDAQ:PLAB): Semiconductor Industry. Market cap of $532.83M. Net institutional shares purchased over the current quarter at 5.7M, which is 11.88% of a 47.98M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.12). The stock is a short squeeze candidate, with a short float at 14.78% (equivalent to 6.42 days of average volume). The stock has had a couple of great days, gaining 10.59% over the last week.

15. Rightnow Technologies Inc. (NASDAQ:RNOW): Application Software Industry. Market cap of $1.05B. Net institutional shares purchased over the current quarter at 3.0M, which is 11.76% of a 25.50M share float. The stock is a short squeeze candidate, with a short float at 13.75% (equivalent to 9.52 days of average volume). The stock has gained 116.44% over the last year.

16. SolarWinds, Inc. (NYSE:SWI):
Application Software Industry. Market cap of $1.74B. Net institutional shares purchased over the current quarter at 5.8M, which is 11.62% of a 49.93M share float. The stock is a short squeeze candidate, with a short float at 10.28% (equivalent to 10.18 days of average volume). The stock has gained 24.57% over the last year.

17. Yingli Green Energy Holding Co. Ltd. (NYSE:YGE): Semiconductor Industry. Market cap of $1.35B. Net institutional shares purchased over the current quarter at 10.2M, which is 11.41% of a 89.36M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.05). The stock has performed poorly over the last month, losing 28.72%.

18. Nanometrics Incorporated (NASDAQ:NANO):
Scientific & Technical Instruments Industry. Market cap of $373.68M. Net institutional shares purchased over the current quarter at 1.9M, which is 11.18% of a 17.00M share float. The stock has had a couple of great days, gaining 10.34% over the last week.

19. AOL, Inc. (NYSE:AOL):
Internet Information Providers Industry. Market cap of $2.20B. Net institutional shares purchased over the current quarter at 11.6M, which is 11.03% of a 105.20M share float. The stock is a short squeeze candidate, with a short float at 14.22% (equivalent to 11.08 days of average volume). The stock has lost 2.0% over the last year.

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

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

Source: 19 Tech Stocks Being Snapped Up by Big Money Managers