Top 5 Stock Picks of Robert Smith’s Vista Equity Partners

1. Datto Holding Corp. (NYSE:MSP)

Robert Smith’s Vista Equity Partners’ Stake Value: $2,718,711,000

Percentage of Robert Smith’s Vista Equity Partners’ 13F Portfolio: 26.27%

Number of Hedge Funds: 11

Datto Holding Corp. (NYSE:MSP) is a Norwalk, Connecticut-based corporation providing cybersecurity and data backup services. Datto builds cloud-based software and security solutions for delivery by a managed service provider (MSP). The job of the MSP is to ensure that the IT systems of an organization are operational.

Datto Holding Corp. (NYSE:MSP), founded in 2007, was acquired by Vista Equity Partners in 2017 for $1.5 billion. Following the takeover, Datto Holding Corp. (NYSE:MSP) was merged with Autotask Corporation, another company in the Vista Equity Partners portfolio.

In a research report issued to investors on December 29, Mike Cikos at Needham reiterated a Buy rating on Datto Holding Corp. (NYSE:MSP) stock and increased the price target from $29 to $32. The analyst highlighted the relative outperformance in stock price during Q4 2021 as a reflection of management’s intent to consistently deliver 20% growth to surpass the $1 billion mark in revenues by 2024.

You can also take a peek at the Top 10 Stock Picks of Mick Hellman’s HMI Capital and 10 Metaverse Stocks to Invest In.

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