20 High-Growth Tech Stocks Being Bought Up By Smart Money

Oct. 25, 2011 5:34 AM ETRENN, AWAY-OLD, QLIK, SHOR, IPHI, CNVO, GLUU, N, HSTM, CALX, TTWO, ISS, ARUN, FNDT, LQDT, VRNT, SNCR, CEVA, PLXT, PACT
Kapitall profile picture
Kapitall
5.56K Followers

Investors like to follow the buying trends of institutional investors (which include hedge fund managers and mutual fund managers) because they have access to sophisticated research and a lot of experience in choosing investments. When a stock sees increased buying from institutional investors, it’s a signal to take a second look.

We ran a screen on the tech sector for stocks with 5-year projected EPS growth exceeding 20%. We screened these stocks for those with significant net institutional purchases over 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.‬

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 think these companies will see the high growth analysts are expecting? Use this list as a starting-off point for your own analysis.

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

1. Renren Inc. American Depositary (RENN): Operates a social networking Internet platform in China. Market cap of $739.42M. Estimated EPS growth over the next 5 years at 26.16%. Net institutional shares purchased over the current quarter at 50.2M, which is 28.73% of the company's 174.71M share float.

2. HomeAway, Inc. (AWAY): Operates an online marketplace for the vacation rental industry. Market cap of $2.89B. Estimated EPS growth over the next 5 years at 39.19%. Net institutional shares purchased over the current quarter at 6.3M, which is 27.95% of the company's 22.54M share float.

3. Qlik Technologies, Inc. (QLIK): Engages in the development, commercialization, and implementation

This article was written by

Kapitall profile picture
5.56K Followers
Kapitall is the online finance platform for the next generation, where investing is as easy as drag, drop and trade. With an intuitive and playful user experience, Kapitall offers tools that make it easy to build virtual and real brokerage portfolios, share ideas and research stocks and funds.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.