November 29, 2016 - By Peter Kolinski
Gale England; that is an insider in Brocade Communications Systems Inc who is the last to sell shares in the corporation for which she is right now a COO and SVP Operations. Gale not a long ago sold 10,000 shares of the company, that are worth around $124,136 U.S Dollars, that is a price per share of $12.4. For additional info of this transaction please see the SEC’s report free at your disposal here. The probability of this transaction staying a secret is very little because it’s new, with the COO and SVP Operations now possessing 121,605 shares — that is 0.03% of Brocade Communications Systems Inc’s total market cap.
Out of 19 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 16% are positive. $14 is the highest target while $7.50 is the lowest. The $10.69 average target is -13.72% below today’s ($12.39) stock price. Brocade Communications Systems Inc. has been the topic of 49 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, August 21 by Summit Research. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, November 24 report. As per Thursday, September 22, the company rating was maintained by Citigroup. The company was maintained on Friday, August 26 by UBS. The rating was downgraded by RBC Capital Markets on Thursday, November 3 to “Sector Perform”. The stock has “Neutral” rating given by DA Davidson on Thursday, November 3. The company was maintained on Friday, August 26 by Deutsche Bank. The stock has “Sell” rating given by UBS on Tuesday, January 5. On Thursday, February 18 the stock rating was upgraded by Wunderlich to “Buy”. DA Davidson initiated the shares of BRCD in a report on Tuesday, October 4 with “Buy” rating.
Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.45, from 1.17 in 2016Q1. The ratio turned negative, as 45 funds sold all Brocade Communications Systems, Inc. shares owned while 95 reduced positions. 62 funds bought stakes while 102 increased positions. They now own 341.47 million shares or 0.31% more from 340.41 million shares in 2016Q1.
Quantbot Tech Ltd Partnership holds 0.09% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 90,140 shares. Connor Clark Lunn Invest has 44,650 shares for 0% of their US portfolio. Blackrock Group holds 494,342 shares or 0% of its portfolio. Old Savings Bank In holds 0.01% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 15,162 shares. The United Kingdom-based Ahl Prns Llp has invested 0.07% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Whittier Trust Of Nevada accumulated 0% or 80 shares. Moreover, Schroder Invest Mgmt Group has 0.02% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 1.32 million shares. Kcg has 30,596 shares for 0.01% of their US portfolio. The New York-based Metropolitan Life Company has invested 0.03% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Eaton Vance accumulated 0.01% or 417,667 shares. Gmt Capital accumulated 309,945 shares or 0.07% of the stock. Ameritas Investment Partners Inc reported 73,798 shares or 0.04% of all its holdings. Clarivest Asset Ltd has invested 0.11% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Parkwood Lc holds 46,818 shares or 0.07% of its portfolio. Lingohr & Partner Asset Mngmt Gmbh has 1.19% invested in the company for 128,103 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 3 selling transactions for $241,510 net activity. England Gale E. also sold $101,919 worth of Brocade Communications Systems, Inc. (NASDAQ:BRCD) shares. ODONNELL ELLEN sold $72,091 worth of stock.
About 3.54M shares traded hands. Brocade Communications Systems, Inc. (NASDAQ:BRCD) has risen 28.16% since April 25, 2016 and is uptrending. It has outperformed by 22.14% the S&P500.
Brocade Communications Systems, Inc
According to Zacks Investment Research, “Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The world’s premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition, the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their IT resources.”
More important recent Brocade Communications Systems, Inc. (NASDAQ:BRCD) news were published by: Fool.com which released: “Why Brocade Communications Systems, Inc. Stock Jumped Today” on November 02, 2016, also Prnewswire.com published article titled: “Brocade Communications Systems Inc. Acquisition May Not Be in the Best ..”, Bloomberg.com published: “Brocade Communications in Advanced Talks to Sell Itself” on October 31, 2016. More interesting news about Brocade Communications Systems, Inc. (NASDAQ:BRCD) was released by: Prnewswire.com and their article: “Harwood Feffer LLP Announces Investigation of Brocade Communications Systems, Inc.” with publication date: November 02, 2016.
Brocade Communications Systems, Inc. (Brocade), incorporated on February 11, 1996, is a supplier of networking equipment, including end-to-end Internet Protocol (IP) Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers. Brocade offers a range of networking hardware and software services and products. Brocade services and products are marketed, sold and supported globally to end-user clients through distribution partners, including original equipment manufacturers (OEMs), distributors, systems integrators, value-added resellers (VARs) and directly to end-users by the Brocade direct sales force. The Firm operates in four divisions: Data Storage, Global Services, IP Layer 2-3 and IP Layer 4-7/ Application Delivery Products (IP Layer 4-7/ADP). In September 2014, the Company acquired network visibility and analytics technology assets from privately held Vistapointe.
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