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 )