Guru Steve Mandel (Trades, Portfolio), founder of Lone Pine Capital, a privately owned hedge fund sponsor based in Connecticut, added to his holdings in Cognizant Technology Solutions Corp (CTSH) Monday. Mandel paid $44.76 per share – a 4% increase. Added to shares he bought two weeks ago at the price of $43.67 per share, his holdings in the company total of 32,137,335 shares. Shares sold for $46.22 when the market ended trading on Tuesday.
Cognizant, headquartered in Teaneck, New Jersey, began operations in 1994. Initially a technology unit of Dun & Bradstreet located in India, the company began serving external clients in 1996; the following year, its headquarters relocated to New Jersey. Continue Reading »