3 High-Growth Tech Stocks With Highly Bullish Smart Money Sentiment

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 |  Includes: EQIX, PKT, QIHU
by: Kapitall

Do you like to follow the buying trends of smart money investors? For a look at stocks currently in their favor, we ran a screen.

We began by screening the tech sector for stocks with high growth projections, with 5-year projected EPS growth rates above 20%.

We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.

Finally, we screened for those also with bullish sentiment from short sellers, with significant decreases in shares shorted month-over-month representing at least 2% of share float. This indicates that short sellers are more bullish on these names than they were a month ago.

Tool provided by Kapitall.

Do you think these stocks are poised to move higher? Use this list as a starting point for your own analysis.

List sorted by decrease in shares shorted month-over-month as a percent of share float.

1. Qihoo 360 Technology Co. Ltd (NYSE:QIHU): Provides Internet and mobile security products in the People's Republic of China. Market cap at $2.39B, most recent closing price at $19.01. 5-year projected EPS growth at 48.50%. Net institutional purchases in the current quarter at 29.3M shares, which represents about 66.3% of the company's float of 44.19M shares. Shares shorted have decreased from 14.80M to 13.04M over the last month, a decrease which represents about 3.98% of the company's float of 44.19M shares. Days to cover ratio at 6.67 days.

2. Procera Networks, Inc. (NASDAQ:PKT): Provides network traffic awareness, analysis, and control solutions for broadband service providers. Market cap at $2.34B, most recent closing price at $20.55. 5-year projected EPS growth at 26.25%. Net institutional purchases in the current quarter at 1.4M shares, which represents about 9.85% of the company's float of 14.22M shares. Shares shorted have decreased from 1.87M to 1.47M over the last month, a decrease which represents about 2.81% of the company's float of 14.22M shares. Days to cover ratio at 4.36 days.

3. Equinix, Inc. (NASDAQ:EQIX): Provides data center services for the protection and connection of information assets to enterprises, content providers, financial companies, network service providers, and cloud and IT services companies. Market cap at $7.84B, most recent closing price at $160.27. 5-year projected EPS growth at 28.58%. Net institutional purchases in the current quarter at 5.1M shares, which represents about 12.8% of the company's float of 39.85M shares. Shares shorted have decreased from 6.18M to 5.25M over the last month, a decrease which represents about 2.33% of the company's float of 39.85M shares. Days to cover ratio at 4.45 days.

*Short data sourced from Yahoo! Finance, 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.