Fitbit (FIT) Gains on Hedge Fund Stakes, New Windows 10 App

Fitbit, Inc. (NYSE: FIT) shares are positive Friday following news that the company moved quickly to get its app on Microsoft's (Nasdaq: MSFT) latest operating system.

After markets closed Thursday, Fitbit announced the Fitbit for Windows 10 app. Fitbit commented, Through new Windows 10 app features, people at all fitness levels can now more easily access and log their most important personalized data in real-time. Fitbit helps users track their steps, activity, exercise, food, weight and sleep, providing the information they need to more successfully reach their goals.

In addition to the OS news, Fitbit is also in focus as John Griffin's Blue Ridge Capital disclosed taking a 3.5 million share position in the company last quarter, while Coleman's Tiger Global Management Tiger picked up 500,000 shares in the same reporting period.

Shares of Fitbit are up 5.4 percent.

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