Paul Singer of Elliott Management recently upped his stakes in two positions and reduced stakes in one position. Singer's portfolio currently has 83 stocks, valued at $9.59 billion with a quarter over quarter turnover rate of 15%.
Here's a look at Singer's most recent changes in his portfolio:
Informatica Corp (INFA, Financial)
Singer increased stakes in this position by 9.18%. He currently owns 3,926,085 shares, which were purchased at an average price of $43.25 per share.
Informatica provides enterprise data integration and data quality software and services. The company was incorporated in California in 1993 and later reincorporated in Delaware in 1999.
The stock is currently trading at $43.89 a share with an earnings per share of $0.99 for the trailing 12 months as of September 2014. The current P/E ratio is 43.41.
The Peter Lynch earnings line is at $32.90, which indicates the stock may be overvalued.
Cormedix Inc (CRMD, Financial)
Singer increased his stakes in this stock by 181.22% and currently owns 2,197,536 shares, which were purchased at an average price of $3.27 per share.
Cormedix develops and then searches to commercialize products to treat cardiac, renal and infectious diseases.
The stock is currently trading at $5.50 a share. The P/B ratio is currently 22.00.
Juniper Networks Inc (JNPR, Financial)
Singer reduced his stakes in this stock by 34% and currently owns 25,899,060 shares. The shares were sold at an average price of $24.20 a share.
Juniper designs, develops and sells products and services to networks with high performance rates.
The Lynch earnings line is currently at $28.50 and the stock is currently trading at $23.88, which indicates the stock may be undervalued.
The current P/E ratio is 19.66, the P/B ratio is 1.68 and the P/S ratio is 2.39.
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