Aveva’s announcement of the purchase of OSIsoft is the latest boost to the company’s share price. The shares are now up 40% since we positively rated them on director buying on the 31st of March. This is what we said:
Jennifer Allerton (Director since 2013) purchased 5,000 shares on March 31 at £34.52, spending £172,000 and increasing her holdings to 6,000 shares. Allerton is a “Smart Buyer” based primarily on her activity in this stock, which includes 6 prior purchases dating back to 2013. This is a reversal for her after she sold 9,300 shares in July 2019 at £41. She last purchased shares in December 2018 at £23.90. This is her largest purchase in the stock. Peter Herweck (Director since 2017) purchased £90,000 worth of stock on March 27th at £35.32, his first purchase in the stock. We are ranking the stock +1