Steve Mandel (Trades, Portfolio) has 54 positions in his $26.4 billion portfolio that has a 24% quarter over quarter turnover. During past quarters, the hedge fund manager has continued to increases stakes in two positions: Arista Networks Inc (ANET, Financial) and Charter Communications Inc (CHTR, Financial).
Arista Networks Inc (ANET, Financial)
Mandel purchased 165,179 shares of ANET during 1Q2015 at an average price of $66.31 a share, bringing his number of shares up to 1,490,825 in his portfolio.
Arista Networks supplies cloud networking solutions using software innovations to cater to the needs of large-scale internet companies and service provders. The company was initially incorporated in 2004 under the name Arastra and was reincorporated in 2008 under its current name.
According to the DCF calculator, Arista's intrinsic value is $22.57 with a -286% margin of safety. The stock is currently trading at $86.48 a share.
Revenue per share for the trailing 12 months as of March 2015 was $10.35 with a -25.10% growth rate due to revenue decline.
Earnings per share was $1.38 for the trailing 12 months and therefore, the P/E ratio is 62.96.
Charter Communications Inc (CHTR, Financial)
Charter Communications consists of 2.43% of Mandel's portfolio. During 1Q2015, he increased his stakes in CHTR by purchasing 58,947 shares at an average price of $173.37 a share. There are now 3,327,979 shares in his portfolio.
Charter Communications Inc is a cable operating company that was organized in 1999. The company provides cable video programming, internet services, on demand, HD television and DVR.
EBITDA per share for the trailing twelve months as of March 2015 was $28.32 a share with a 2.40% growth rate.
For more information on Mandel's portfolio, click here.
