financetom
Technology
financetom
/
Technology
/
Activist investor Jana built stake in BlackLine Systems in second quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Activist investor Jana built stake in BlackLine Systems in second quarter
Aug 14, 2024 7:43 AM

NEW YORK, Aug 14 (Reuters) - Activist investor Jana

Partners built a new stake in U.S. enterprise software company

BlackLine Systems during the second quarter, according to

a regulatory filing on Wednesday.

The hedge fund has not yet said whether it will seek changes

at the Los Angeles-headquartered company. Jana owned 1.15

million shares on June 30, the filing shows, equivalent to a

near 2% stake.

The 13-F filing, which details what U.S. stocks asset

managers owned at the end of a given quarter, also shows that

Jana owned 2.7 million shares in cybersecurity company Rapid7 ( RPD )

, where the hedge fund is pushing for a sale.

Jana built a small stake in Fortrea Holdings ( FTRE ),

owning 690,000 shares at the end of the quarter, the filing

shows.

The firm cut its position in diagnostics company QuidelOrtho ( QDEL )

, which it had built during the first quarter.

It liquidated its position in pet food company Freshpet ( FRPT )

where it pushed for changes and reached a settlement a

year ago. Since Jana first began engaging with the company

roughly two years ago, its stock price generated a return of

roughly 300%.

Jana has a 23-year track record of investing and has pushed

for changes at companies including Frontier Communications

and before that Whole Foods Market, which sold itself

to Amazon.com Inc. ( AMZN )

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Arista Networks Options Trading: A Deep Dive into Market Sentiment
Arista Networks Options Trading: A Deep Dive into Market Sentiment
Jun 17, 2025
Whales with a lot of money to spend have taken a noticeably bearish stance on Arista Networks ( ANET ). Looking at options history for Arista Networks ( ANET ) we detected 9 trades. If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 44% with...
Evening update for crude oil -17-06-2025
Evening update for crude oil -17-06-2025
Jun 17, 2025
The (crude oil) extended its gains in its last intraday trading, amid its continued trading above EMA50, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, which might decrease the gains temporarily, all that come amid the main bullish trend on the short-term basis and its trading alongside a bias line. ...
Evening update for Gold -17-06-2025
Evening update for Gold -17-06-2025
Jun 17, 2025
The (Gold) witnessed fluctuated trading in its last intraday trading, where it declined to lean on the support of its EMA50, providing positive momentum that assisted it to rise higher again, amid the dominance of the of the bullish correctional trend on the short-term basis and its trading alongside bias line, with the emergence of the positive signals on the...
Evening update for Bitcoin (BTCUSD) -17-06-2025
Evening update for Bitcoin (BTCUSD) -17-06-2025
Jun 17, 2025
The (BTCUSD) deepens its losses in its last intraday trading, amid the emergence of the negative signals on the (RSI), despite reaching oversold levels, with the continuation of the negative pressure due to its trading below its EMA50, reaching to lean on the main bullish trend line on a short-term basis. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved