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If you're interested in micro-cap tech stocks, the following list might offer a useful starting point.

To create this list, we started with a universe of tech companies with market caps between $100M - $300M. In addition, all of the companies in our starting universe have high projected earnings growth, with EPS expected to grow by more than 20% over the next five years.

To refine the list, we collected data on institutional investors, and identified the companies that have seen a significant increase in institutional ownership during 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.


Big money managers seem to think these high-growth, micro-cap tech stocks have solid outlooks--do you agree?

1. Ness Technologies Inc. (NSTC): Provides information technology and business planning services in North America, Latin America, Europe, the Middle East, and Asia. Earnings per share is expected to grow by 25.0% over the next five years. Net institutional purchases in the current quarter at 4.9M shares, which represents about 14.56% of the company's float of 33.65M shares.

2. Alaska Communications Systems Group Inc. (ALSK):
Provides integrated communications services in the State of Alaska. Earnings per share is expected to grow by 31.90% over the next five years. Net institutional purchases in the current quarter at 2.0M shares, which represents about 4.5% of the company's float of 44.43M shares.

3. Healthstream Inc. (HSTM):
Provides Internet-based learning and research solutions in the United States. Earnings per share is expected to grow by 23.0% over the next five years. Net institutional purchases in the current quarter at 2.3M shares, which represents about 14.95% of the company's float of 15.38M shares.

4. hiSoft Technology International Ltd. (HSFT): Provides outsourced information technology (IT) and research and development services in North America, Europe, and Asia. Earnings per share is expected to grow by 22.76% over the next five years. Net institutional purchases in the current quarter at 5.1M shares, which represents about 24.16% of the company's float of 21.11M shares.

5. 8x8 Inc. (EGHT): Develops and markets telecommunications services for Internet protocol (IP), telephony, and video applications, as well as provides Web-based conferencing and unified communications services. Earnings per share is expected to grow by 27.50% over the next five years. Net institutional purchases in the current quarter at 5.0M shares, which represents about 9.9% of the company's float of 50.52M shares.

6. ShoreTel, Inc. (SHOR): Provides Internet protocol (IP) telecommunications systems for enterprises in the United States. Earnings per share is expected to grow by 22.50% over the next five years. Net institutional purchases in the current quarter at 9.5M shares, which represents about 24.36% of the company's float of 39.00M shares.

7. Inphi Corporation (IPHI):
Operates as a fabless provider of high-speed analog semiconductor solutions for the communications and computing markets, providing high signal integrity at leading-edge data speeds that are designed to address bandwidth bottlenecks in networks, minimize latency in computing environments, and enable the rollout of next generation communications infrastructure. Earnings per share is expected to grow by 27.50% over the next five years. Net institutional purchases in the current quarter at 4.0M shares, which represents about 22.64% of the company's float of 17.67M shares.

8. Mitek Systems Inc. (MITK): Develops, sells, and services software solutions related to mobile imaging applications and intelligent recognition software in the United Stats and Internationally. Earnings per share is expected to grow by 25.0% over the next five years. Net institutional purchases in the current quarter at 738.2K shares, which represents about 4.83% of the company's float of 15.29M shares.

9. The KEYW Holding Corporation (KEYW): Provides mission-critical cybersecurity and cyber superiority solutions to defense, intelligence, and national security agencies in the United States. Earnings per share is expected to grow by 25.0% over the next five years. Net institutional purchases in the current quarter at 1.2M shares, which represents about 5.83% of the company's float of 20.60M shares.

10. Advanced Analogic Technologies, Inc. (AATI): Engages in the development of advanced power management semiconductors. Earnings per share is expected to grow by 25.0% over the next five years. Net institutional purchases in the current quarter at 2.9M shares, which represents about 7.84% of the company's float of 36.99M shares.

11. Canadian Solar Inc. (CSIQ): Engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. Earnings per share is expected to grow by 22.40% over the next five years. Net institutional purchases in the current quarter at 2.7M shares, which represents about 9.06% of the company's float of 29.81M shares.

12. Convio, Inc. (CNVO): Provides on-demand constituent engagement solutions that enable nonprofit organizations (NPOs) to raise funds, advocate for change, and cultivate relationships with donors, activists, volunteers, alumni, and other constituents in North America. Earnings per share is expected to grow by 20.50% over the next five years. Net institutional purchases in the current quarter at 2.0M shares, which represents about 21.12% of the company's float of 9.47M shares.

13. Glu Mobile, Inc. (GLUU): Engages in the design, marketing, and sale of casual and traditional mobile games worldwide. Earnings per share is expected to grow by 37.50% over the next five years. Net institutional purchases in the current quarter at 7.9M shares, which represents about 17.6% of the company's float of 44.88M shares.

14. Procera Networks, Inc. (PKT): Provides network traffic awareness, analysis, and control solutions for broadband service providers. Earnings per share is expected to grow by 30.0% over the next five years. Net institutional purchases in the current quarter at 3.8M shares, which represents about 59.94% of the company's float of 6.34M shares.

15. Camelot Information Systems Inc. (CIS): Provides enterprise application services and financial industry information technology (IT) services in the People's Republic of China. Earnings per share is expected to grow by 24.62% over the next five years. Net institutional purchases in the current quarter at 10.4M shares, which represents about 37.91% of the company's float of 27.43M shares.

16. PLX Technology Inc. (PLXT): Designs, develops, manufactures, and sells integrated circuits. Earnings per share is expected to grow by 25.0% over the next five years. Net institutional purchases in the current quarter at 2.8M shares, which represents about 10.25% of the company's float of 27.31M shares.

*Institutional data sourced from Fidelity, earnings projections 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: 16 Micro-Cap, High Growth Tech Stocks Backed By Big Money Buying