8x8 Inc
EGHT
185 hedge funds and large institutions have $892M invested in 8x8 Inc in 2017 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 59 increasing their positions, 67 reducing their positions, and 20 closing their positions.
105% more call options, than puts
Call options by funds: $2.11M | Put options by funds: $1.02M
55% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 20
6% more funds holding
Funds holding: 175 → 185 (+10)
1.65% more ownership
Funds ownership: 70.21% → 71.86% (+1.6%)
5% less capital invested
Capital invested by funds: $937M → $892M (-$45M)
12% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 67
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$13.3M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
+$12.3M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$11.4M |
| 4 |
HLC
Hunt Lane Capital
New York
|
+$10.6M |
| 5 |
WIC
Water Island Capital
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Summit Creek Advisors
Minneapolis,
Minnesota
|
-$9.66M |
| 2 |
Renaissance Technologies
New York
|
-$8.16M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$7.86M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$7.3M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$6.38M |
EGHT Hedge Fund Activity: Q3 2017 in Review
185 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in 8x8 Inc (EGHT) for Q3 2017, worth a combined $892M — down 4.8% from $937M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new EGHT positions and 20 closed out — a net gain of 11 holders — while 59 added to existing stakes and 67 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $13.3M. The largest seller was Summit Creek Advisors, exiting entirely with an estimated $9.66M sold.
- 185 institutional investors held 8x8 Inc (EGHT) as of Q3 2017, up from 175 in Q2 2017.
- Funds reported $892M of 8x8 Inc stock for Q3 2017, down 4.8% quarter-over-quarter.
- 31 funds opened new 8x8 Inc positions in Q3 2017 and 20 closed out, a net change of +11 holders.
- The largest 8x8 Inc buyer in Q3 2017 was Point72 Asset Management, an estimated $13.3M added.
- The largest 8x8 Inc seller in Q3 2017 was Summit Creek Advisors, an estimated $9.66M sold.
Based on aggregated 13F filings for Q3 2017.