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When a company sees a pattern of insider buying over a significant time period, it’s a sign that management not only believes their company is set to outperform, but also that the stock is attractively priced.

We ran a screen on stocks from the tech sector for those that have seen significant buying interest from both company insiders and institutional investors (a.k.a. the smart money). We screened for tech stocks with significant net institutional purchases over the current quarter and significant net insider purchases over the last six months.

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.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you agree with insiders and institutions on these names? Use this list as a starting-off point for your own analysis.

List sorted by net institutional purchases over the current quarter.

1. Tyco Electronics, Ltd. (TEL): Provides engineered electronic components, network solutions, specialty products, and subsea telecommunication systems. Market cap of $12.17B. Net institutional shares purchased over the current quarter at 167.8M, which is 38.81% of the company's 432.41M share float. Net insider shares purchased over the last six months at 119.50K, which is 0.03% of the company's 432.41M share float. It's been a rough couple of days for the stock, losing 8.2% over the last week.

2. Viasystems Group Inc. (VIAS): Provides multi-layer printed circuit boards (PCBs) and electro-mechanical solutions worldwide. Market cap of $341.74M. Net institutional shares purchased over the current quarter at 514.4K, which is 19.94% of the company's 2.58M share float. Net insider shares purchased over the last six months at 2.0K, which is 0.08% of the company's 2.58M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.09). It's been a rough couple of days for the stock, losing 9.65% over the last week.

3. Merge Healthcare Incorporated. (MRGE): Provides health information technology interoperability solutions. Market cap of $564.80M. Net institutional shares purchased over the current quarter at 2.8M, which is 13.33% of the company's 21.00M share float. Net insider shares purchased over the last six months at 281.0K, which is 1.34% of the company's 21.00M share float. The stock has had a couple of great days, gaining 6.78% over the last week.

4. Take-Two Interactive Software Inc. (TTWO): Develops, and distributes interactive entertainment software, hardware, and accessories worldwide. Market cap of $1.17B. Net institutional shares purchased over the current quarter at 10.2M, which is 12.99% of the company's 78.53M share float. Net insider shares purchased over the last six months at 458.75K, which is 0.58% of the company's 78.53M share float. The stock is a short squeeze candidate, with a short float at 11.03% (equivalent to 5.11 days of average volume). The stock has had a good month, gaining 24.44%.

5. Convergys Corporation (CVG): Provides relationship management solutions worldwide. Market cap of $1.15B. Net institutional shares purchased over the current quarter at 12.2M, which is 11.69% of the company's 104.33M share float. Net insider shares purchased over the last six months at 122.17K, which is 0.12% of the company's 104.33M share float. The stock is a short squeeze candidate, with a short float at 6.28% (equivalent to 6.12 days of average volume). It's been a rough couple of days for the stock, losing 6.64% over the last week.

6. Mentor Graphics Corp. (MENT): Mentor Graphics Corporation supplies electronic design automation systems used to automate the design, analysis, and testing of electronic hardware and embedded systems software in electronic systems and components worldwide. Market cap of $1.11B. Net institutional shares purchased over the current quarter at 9.1M, which is 9.76% of the company's 93.23M share float. Net insider shares purchased over the last six months at 63.31K, which is 0.07% of the company's 93.23M share float. It's been a rough couple of days for the stock, losing 8.56% over the last week.

7. VMware, Inc. (VMW): Provides virtualization and virtualization-based cloud infrastructure solutions primarily in the United States. Market cap of $37.16B. Net institutional shares purchased over the current quarter at 5.4M, which is 6.85% of the company's 78.80M share float. Net insider shares purchased over the last six months at 1.62M, which is 2.06% of the company's 78.80M share float. The stock has gained 3.64% over the last year.

*Insider data sourced from Yahoo! Finance, institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 7 Tech Stocks Being Bought Up By Insiders, Smart Money