Throughout the first quarter, many gurus invested some of their capital in technology stocks, suggesting that the IT sector presents good investment opportunities in the upcoming months. Two of these stocks, Infosys Ltd. (NYSE:INFY) and NetScout Systems Inc. (NASDAQ:NTCT), have been bought and held by five gurus in the past three months, according to the Consensus Picks of Gurus screener.
Among the gurus who increased their positions in the two stocks, Alan Fournier (Trades, Portfolio) of Pennant Capital impacted his portfolio the greatest with his NetScout Systems transaction. Fournier added 159.39% to his NetScout Systems position, increasing his overall portfolio by 1.26%. Likewise, Sarah Ketterer (Trades, Portfolio) of Causeway Capital Management LLC increased her Infosys position by 117.34%, resulting in a 0.73% portfolio increase. Ken Fisher (Trades, Portfolio) of Fisher Asset Management slightly increased his positions in both stocks while David Dreman (Trades, Portfolio) of Dreman Value Management bought both stocks in the past three months. Continue Reading »