Jana Partners Buys 2, Sells 3 in 1st Quarter

Author's Avatar
insider
Jun 10, 2022
Article's Main Image

Jana Partners recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Jana Partners (Trades, Portfolio) LLC is an investment management firm founded in 2001 by Barry Rosenstein, Jana’s Managing Partner and Co-Portfolio Manager. The firm has its headquarters in New York.

As of the latest 13F report, the guru’s equity portfolio contained 9 stocks valued at a total of $1.54Bil. The top holdings were ZEN(24.19%), CAG(17.54%), and MRCY(13.53%).

According to GuruFocus data, these were

Jana Partners (Trades, Portfolio)’s top five trades of the quarter.

Zendesk Inc


During the quarter,

Jana Partners (Trades, Portfolio) bought 711,839 shares of NYSE:ZEN for a total holding of 3,098,939. The trade had a 5.56% impact on the equity portfolio. During the quarter, the stock traded for an average price of $108.63.

On 06/10/2022, Zendesk Inc traded for a price of $64.97 per share and a market cap of $7.96Bil. The stock has returned -49.42% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Zendesk Inc has a price-book ratio of 25.99, a EV-to-Ebitda ratio of -59.56 and a price-sales ratio of 5.87.

The price-to-GF Value ratio is 0.44, earning the stock a GF Value rank of 4.

New Relic Inc


The guru established a new position worth 866,685 shares in NYSE:NEWR, giving the stock a 3.76% weight in the equity portfolio. Shares traded for an average price of $81.96 during the quarter.

On 06/10/2022, New Relic Inc traded for a price of $46.65 per share and a market cap of $3.12Bil. The stock has returned -24.91% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, New Relic Inc has a price-book ratio of 10.24, a EV-to-Ebitda ratio of -21.60 and a price-sales ratio of 4.06.

The price-to-GF Value ratio is 0.58, earning the stock a GF Value rank of 4.

Macy's Inc


The guru sold out of their 760,780-share investment in NYSE:M. Previously, the stock had a 1.29% weight in the equity portfolio. Shares traded for an average price of $25.63 during the quarter.

On 06/10/2022, Macy's Inc traded for a price of $23.04 per share and a market cap of $6.21Bil. The stock has returned 24.58% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Macy's Inc has a price-earnings ratio of 4.40, a price-book ratio of 1.90, a EV-to-Ebitda ratio of 3.62 and a price-sales ratio of 0.28.

The price-to-GF Value ratio is 1.15, earning the stock a GF Value rank of 3.

Mercury Systems Inc


Jana Partners (Trades, Portfolio) reduced their investment in NAS:MRCY by 322,782 shares. The trade had a 1.15% impact on the equity portfolio. During the quarter, the stock traded for an average price of $59.28.

On 06/10/2022, Mercury Systems Inc traded for a price of $61.48 per share and a market cap of $3.55Bil. The stock has returned -7.25% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Mercury Systems Inc has a price-earnings ratio of 292.76, a price-book ratio of 2.27, a price-earnings-to-growth (PEG) ratio of 17.12, a EV-to-Ebitda ratio of 35.62 and a price-sales ratio of 3.60.

The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 8.

LivePerson Inc


The guru sold out of their 455,423-share investment in NAS:LPSN. Previously, the stock had a 1.05% weight in the equity portfolio. Shares traded for an average price of $27 during the quarter.

On 06/10/2022, LivePerson Inc traded for a price of $13.76 per share and a market cap of $1.02Bil. The stock has returned -73.84% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, LivePerson Inc has a price-book ratio of 5.67, a EV-to-Ebitda ratio of -12.32 and a price-sales ratio of 1.99.

The price-to-GF Value ratio is 0.22, earning the stock a GF Value rank of 2.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!

This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.

Also check out:
    Rating:
    0 / 5 (0 votes)
    Author's Avatar
    WRITTEN BY

    Request A Demo

    Learn more about GuruFocus' key features, including All-In-One Screener, backtesting, 30-year financial, stock summary page, guru trades, insider trades, excel Add-in, google sheets and much more.

    GuruFocus Screeners

    Related Articles