DENTSPLY International Inc. (NASDAQ:XRAY) was in 11 hedge funds’ portfolio at the end of March. XRAY investors should be aware of an increase in hedge fund interest lately. There were 9 hedge funds in our database with XRAY holdings at the end of the previous quarter.
At the moment, there are dozens of metrics market participants can use to monitor stocks. Some of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top hedge fund managers can outperform the S&P 500 by a healthy margin (see just how much).
Just as integral, optimistic insider trading activity is another way to parse down the financial markets. There are a variety of incentives for a bullish insider to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Various academic studies have demonstrated the useful potential of this tactic if piggybackers know what to do (learn more here).
Now, we’re going to take a glance at the latest action regarding DENTSPLY International Inc. (NASDAQ:XRAY).
What does the smart money think about DENTSPLY International Inc. (NASDAQ:XRAY)?
In preparation for this quarter, a total of 11 of the hedge funds we track were long in this stock, a change of 22% from the previous quarter.
With a general bullishness amongst the heavyweights, key money managers were leading the bulls’ herd. Hutchin Hill Capital, managed by Neil Chriss, established the biggest position in DENTSPLY International Inc. (NASDAQ:XRAY). Hutchin Hill Capital had 4 million invested in the company at the end of the quarter. SAC Subsidiary’s CR Intrinsic Investors also made a $2.5 million investment in the stock during the quarter. The other funds with brand new XRAY positions are D. E. Shaw’s D E Shaw, Matthew Tewksbury’s Stevens Capital Management, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.
Insider trading activity in DENTSPLY International Inc. (NASDAQ:XRAY)
Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past half-year. Over the latest six-month time period, DENTSPLY International Inc. (NASDAQ:XRAY) has seen zero unique insiders buying, and 4 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to DENTSPLY International Inc. (NASDAQ:XRAY). These stocks are Teleflex Incorporated (NYSE:TFX), C.R. Bard, Inc. (NYSE:BCR), Mindray Medical International Ltd (ADR) (NYSE:MR), CareFusion Corporation (NYSE:CFN), and The Cooper Companies, Inc. (NYSE:COO). This group of stocks are the members of the medical instruments & supplies industry and their market caps resemble XRAY’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Teleflex Incorporated (NYSE:TFX) | 14 | 0 | 0 |
| C.R. Bard, Inc. (NYSE:BCR) | 27 | 0 | 12 |
| Mindray Medical International Ltd (ADR) (NYSE:MR) | 11 | 0 | 0 |
| CareFusion Corporation (NYSE:CFN) | 27 | 0 | 5 |
| The Cooper Companies, Inc. (NYSE:COO) | 18 | 0 | 11 |
With the returns exhibited by Insider Monkey’s tactics, everyday investors should always pay attention to hedge fund and insider trading sentiment, and DENTSPLY International Inc. (NASDAQ:XRAY) shareholders fit into this picture quite nicely.
