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Do you like to follow the "smart money"? These investors, which include institutional investors such as hedge fund managers, have a lot of experience and access to research that makes their trades very interesting to the rest of the market.

We ran a screen with this idea in mind. We ran a screen on the tech sector for stocks trading within 5% of their 52-week high, indicating positive market sentiment. We then screened these names for those with significant net institutional purchases over the last quarter, representing at least 5% of share float. This indicates that institutional investors expect these names to outperform.

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

Do you think these names will break through to new highs? Use this list as a starting point for your own analysis.

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

1. Mattersight Corporation (NASDAQ:MATR): Provides enterprise analytics managed services. Market cap at $142.29M. Price at $8.47. The stock is trading 3.53% under its 52-week high. Net institutional purchases in the current quarter at 1.5M shares, which represents about 29.88% of the company's float of 5.02M shares.

2. Healthstream Inc. (HSTM): Provides Internet-based learning and research solutions in the United States. Market cap at $608.11M. Price at $24.03. The stock is trading 0.83% under its 52-week high. Net institutional purchases in the current quarter at 5.4M shares, which represents about 27.79% of the company's float of 19.43M shares.

3. Retalix Ltd. (RTLX): Provides integrated software solutions to food and fuel retailers, grocery, convenience stores, and foodservice distributors primarily in Israel, the United States, and Europe. Market cap at $384.34M. Price at $19.74. The stock is trading 1.30% under its 52-week high. Net institutional purchases in the current quarter at 3.1M shares, which represents about 20.61% of the company's float of 15.04M shares.

4. EZchip Semiconductor Ltd. (EZCH): Engages in the development and marketing of Ethernet network processors for networking equipment. Market cap at $1.19B. Price at $43.75. The stock is trading 4.37% under its 52-week high. Net institutional purchases in the current quarter at 1.9M shares, which represents about 6.97% of the company's float of 27.26M shares.

5. AboveNet, Inc. (ABVT): Provides high-bandwidth connectivity solutions to corporate enterprise clients and communication carriers primarily in the United States and the United Kingdom. Market cap at $2.17B. Price at $83.00. The stock is trading 1.82% under its 52-week high. Net institutional purchases in the current quarter at 1.6M shares, which represents about 6.81% of the company's float of 23.50M shares.

6. Salesforce.com (CRM): Provides customer and collaboration relationship management services to various businesses and industries worldwide. Market cap at $21.06B. Price at $157.78. The stock is trading 1.46% under its 52-week high. Net institutional purchases in the current quarter at 7.4M shares, which represents about 5.9% of the company's float of 125.48M shares.

7. Mellanox Technologies, Ltd. (MLNX): Engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. Market cap at $1.60B. Price at $41.25. The stock is trading 2.94% under its 52-week high. Net institutional purchases in the current quarter at 1.8M shares, which represents about 5.87% of the company's float of 30.68M shares.

8. Convio, Inc. (CNVO): Provides on-demand constituent engagement solutions that enable nonprofit organizations to raise funds, advocate for change, and cultivate relationships with donors, activists, volunteers, alumni, and other constituents in North America. Market cap at $278.92M. Price at $15.58. The stock is trading 2.99% under its 52-week high. Net institutional purchases in the current quarter at 676.5K shares, which represents about 5.76% of the company's float of 11.74M shares.

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

Source: 8 Mainly Small Cap Tech Stocks Trading Near Highs On Smart Money Buying