An update on Hedge Funds of Nuance Communications Inc. (NASDAQ:NUAN) – MSCI , SWI


Dallas, Texas 08/30/2013 (Financialstrend) – On looking at the filings from the hedgies, the most valuable position in Nuance Communications Inc. (NASDAQ:NUAN) is being held by Icahn Capital LP which is managed by Carl Icahn. It was observed that Icahn Capital LP has around $579.8 million position in the stock of Nuance Communications which comprises about 2.7% of the company’s 13-F portfolio. On the heels of Icahn Capital LP is the Coatue Management of Philippe Laffont with about $36.9 million position. The fund was found to have invested 0.4% of the company’s 13-F portfolio invested in the stock of Nuance Communications. Apart from these, the hedgies which are bullish are: Scout Capital Management of James Crichton and Adam Weiss, Citadel Investment Group of Ken Griffin and Millennium Management of Israel Englander.

In the world of finance, there are various methods used by the investors for monitoring the market. The most important methods are hedge funds and insider trading. The bullish insider trading sentiment is one of the other ways for analyzing the stock market. It is to be noted that over the last 6 months, Nuance Communications has the experience of both zero unique insiders buying as well as zero insider sales.

Both the indicators of hedge funds and insider trading sentiment of Nuance Communications are found to be similar to other stocks like: Msci Inc (NYSE:MSCI), Red Hat Inc (NYSE:RHT), Solar Winds Inc (NYSE:SWI), F5 Networks Inc (NASDAQ:FFIV) and BMC Software Inc (NASDAQ:BMC). These stocks are belonging to the members of the application software industry and the market capitalization values of these stocks are found to be matching with the market capitalization of Nuance Communications which is involved in providing the voice and language solutions for businesses as well as consumers around the globe. The solutions provided by the company are based upon the voice and language platform of Nuance Communications.

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