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Company insiders, such as upper management and members of the board, know more about their companies than any other investors, so when they personally buy shares in their company, it is a big vote of confidence.

We ran a screen on tech stocks that are rallying above their 20-day, 50-day, and 200-day moving averages for those seeing significant net insider buying 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.

(Click chart for more detail)



Clearly these insiders made a good investment over the last six months, but do you think these stocks will continue higher? Use this list as a starting-off point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. Agilysys Inc. (AGYS): Provides information technology (IT) solutions to corporate and public-sector customers primarily in North America. Market cap of $192.51M. The stock is currently trading 5.74% above its 20-day moving average, 2.62% above its 50-day MA, and 23.52% above its 200-day MA. Net insider shares purchased over the last six months at 1.46M, which is 9.65% of the company's 15.17M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.4). The stock has gained 24% over the last year.

2. VMware, Inc. (VMW): Provides virtualization and virtualization-based cloud infrastructure solutions primarily in the United States. Market cap of $40.39B. The stock is currently trading 6.09% above its 20-day moving average, 7.30% above its 50-day MA, and 4.95% above its 200-day MA. Net insider shares purchased over the last six months at 1.62M, which is 2.09% of the company's 77.78M share float. The stock has gained 26.89% over the last year.

3. Merge Healthcare Incorporated. (MRGE): Provides health information technology interoperability solutions. Market cap of $622.17M. The stock is currently trading 3.60% above its 20-day moving average, 6.43% above its 50-day MA, and 25.18% above its 200-day MA. 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 gained 116.2% over the last year.

4. Dell Inc. (DELL): Provides integrated technology solutions in the information technology (IT) industry worldwide. Market cap of $28.48B. The stock is currently trading 0.81% above its 20-day moving average, 4.50% above its 50-day MA, and 2.40% above its 200-day MA. Net insider shares purchased over the last six months at 17.23M, which is 1.11% of the company's 1.55B share float. The stock has gained 7.58% over the last year.

5. Take-Two Interactive Software Inc. (TTWO): Develops, and distributes interactive entertainment software, hardware, and accessories worldwide. Market cap of $1.32B. The stock is currently trading 9.72% above its 20-day moving average, 14.85% above its 50-day MA, and 4.48% above its 200-day MA. Net insider shares purchased over the last six months at 458.75K, which is 0.58% of the company's 78.54M share float. The stock is a short squeeze candidate, with a short float at 11.83% (equivalent to 5.94 days of average volume). The stock has had a couple of great days, gaining 6.66% over the last week.

6. ID Systems Inc. (IDSY): Develops, markets, and sells wireless solutions for managing and securing enterprise assets, including industrial vehicles, such as forklifts, airport ground support equipment, rental vehicles, and transportation assets primarily in North America. Market cap of $55.47M. The stock is currently trading 4.18% above its 20-day moving average, 0.99% above its 50-day MA, and 8.95% above its 200-day MA. Net insider shares purchased over the last six months at 17.60K, which is 0.32% of the company's 5.49M share float. The stock has gained 143.69% over the last year.

7. CalAmp Corp. (CAMP): Develops and markets wireless communications solutions that deliver data, voice, and video for critical networked communications and other applications in the United States. Market cap of $107.91M. The stock is currently trading 10.85% above its 20-day moving average, 19.35% above its 50-day MA, and 16.26% above its 200-day MA. Net insider shares purchased over the last six months at 30.0K, which is 0.12% of the company's 24.30M share float. The stock has had a good month, gaining 44.06%.

*Insider data sourced from Yahoo! Finance, 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: 7 Rallying Tech Stocks Being Bought Up By Company Insiders