Brocade Communications Sys I (BRCD) Stock Value Rose While Omni Partners Llp Has Trimmed Its Stake

January 18, 2018 - By Marie Mckinney

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.18, from 1.1 in 2017Q2. It improved, as 25 investors sold BRCD shares while 72 reduced holdings. 37 funds opened positions while 87 raised stakes. 325.59 million shares or 0.35% more from 324.45 million shares in 2017Q2 were reported. Havens Advsr Ltd Liability Corporation stated it has 5.73% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). 11,429 are held by Quantitative Systematic Strategies Ltd Co. State Street Corp holds 10.97 million shares. Gsa Ptnrs Limited Liability Partnership has 0.01% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Ameritas Invest Ptnrs reported 0.07% stake. Water Island Cap Ltd Liability reported 1.98% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Shell Asset Mngmt has invested 0.02% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Virtu Fincl Ltd Co reported 30,085 shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma accumulated 73 shares or 0% of the stock. Lsv Asset stated it has 1.82M shares or 0.04% of all its holdings. Moab Prtn Limited Liability Company has 1.2% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Bessemer Group Inc Inc invested 0% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Fifth Third Bank & Trust reported 1,170 shares. World Asset Mgmt Inc holds 0.01% or 28,664 shares. Northwestern Mutual Wealth Mgmt accumulated 6,381 shares or 0% of the stock.

Omni Partners Llp decreased its stake in Brocade Communications Sys I (BRCD) by 69.85% based on its latest 2017Q3 regulatory filing with the SEC. Omni Partners Llp sold 1.55M shares as the company’s stock rose 2.27% with the market. The hedge fund held 668,211 shares of the technology company at the end of 2017Q3, valued at $7.99M, down from 2.22M at the end of the previous reported quarter. Omni Partners Llp who had been investing in Brocade Communications Sys I for a number of months, seems to be less bullish one the $5.27B market cap company. It closed at $12.73 lastly. It is down 58.47% since January 18, 2017 and is uptrending. It has outperformed by 41.77% the S&P500.

Another recent and important Brocade Communications Systems, Inc. (NASDAQ:BRCD) news was published by Seekingalpha.com which published an article titled: “Brocade: Merger Arb With 8% Upside In 6 Weeks” on October 19, 2017.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) Ratings Coverage

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. has $14 highest and $7.50 lowest target. $10.81’s average target is -15.08% below currents $12.73 stock price. Brocade Communications Systems Inc. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. On Friday, August 26 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Equalweight” rating by Barclays Capital given on Friday, May 20. As per Thursday, November 3, the company rating was downgraded by DA Davidson. On Friday, August 21 the stock rating was upgraded by Goldman Sachs to “Neutral”. Barclays Capital initiated it with “Equalweight” rating and $12 target in Wednesday, October 14 report. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, November 24 report. The stock has “Hold” rating by Robert W. Baird on Thursday, August 17. Summit Research upgraded the stock to “Buy” rating in Friday, August 21 report. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has “Sell” rating given on Friday, August 26 by UBS. RBC Capital Markets maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) rating on Friday, June 9. RBC Capital Markets has “Hold” rating and $12.7500 target.

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