market folly

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G with the SEC regarding their stake in TIBCO Software (TIBX).  Per the filing, Eminence now owns 5.4% of the company with over 8.81 million shares.

This means they've increased their position size by over 3.52 million shares since the end of the second quarter.  The filing was required due to portfolio activity on September 29th.

We've posted up additional recent portfolio activity from Eminence here.

Per Google Finance, TIBCO Software is "a provider of middleware and infrastructure software. The Company’s standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. It offers a range of software products. It's products are licensed by companies all over the globe in diverse industries, such as financial services, telecommunications, energy, retail, life sciences, manufacturing, transportation, government, insurance, and business services sectors. The Company’s software is capable of correlating, in real-time, information about an organization’s operations and performance with information about expected behavior and business rules."