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Main » Brocade Communications Systems, Inc. (BRCD) Shares Sold by Stevens Capital Management LP

Brocade Communications Systems, Inc. (BRCD) Shares Sold by Stevens Capital Management LP

15 November 2017

The stock touched 52-week High of $12.72 on 07/17/17 and 52-week Low of $11.43 on 10/30/17. It is down 58.47% since November 13, 2016 and is uptrending.

Brocade Communications Systems, Inc. has a consensus hold rating from 4 Wall Street analysts, and the number of shares now sold short amount to at least 8.76% of shares outstanding. The stock rose 1.97% or $0.7 reaching $36.22. BidaskClub lowered shares of Brocade Communications Systems from a "hold" rating to a "sell" rating in a research note on Wednesday, July 19th.

A number of analysts recently issued reports on BRCD shares. Robert W. Baird set a $13.00 price objective on shares of Brocade Communications Systems and gave the stock a "hold" rating in a research note on Thursday, August 17th. (NASDAQ:BRCD) for 927,697 shares. Wall Street is only getting neutral on the stock, with 0 of analysts who cover BRCD having a buy-equivalent rating. Therefore 21% are positive. U.S. Silica had 76 analyst reports since July 30, 2015 according to SRatingsIntel. While it's Return on Investment (ROI) value is 6.3%. The stock of Brocade Communications Systems, Inc. Jefferies maintained Patterson Companies, Inc. DA Davidson downgraded it to "Underperform" rating and $42 target in Monday, December 12 report.

On August 17 analysts at Robert W. Baird issued a report on BRCD and giving a rating of "Hold" and establishing a price target of $13.00. (NASDAQ:BNCL). D E Shaw & holds 0.02% or 652,700 shares in its portfolio. Nomura Holdings Inc. now owns 826,494 shares of the technology company's stock worth $10,431,000 after acquiring an additional 284,683 shares in the last quarter. Wells Fargo & Company/mn now controls 8,092 shares with a value of $97,000. The hedge fund run by David Shaw held 12,865 shares of the finance company at the end of 2017Q2, valued at $339,000, down from 41,648 at the end of the previous reported quarter.

Investors sentiment decreased to 1.1 in 2017 Q2. Its last month's stock price volatility remained 0.78% which for the week stands at 1.86%. Alliancebernstein L P holds 0% or 130,629 shares. 27 funds opened positions while 96 raised stakes. (NASDAQ:BRCD) or 1.72M shares. Davis R M reported 0.02% in Patterson Companies, Inc. Short shares increased 897,368 over that period. Whittier Trust Communications owns 191 shares. Oppenheimer & Close Limited Co holds 2.76% of its portfolio in Beneficial Bancorp, Inc. Fuller & Thaler Asset has invested 0% in Marcus & Millichap Inc (NYSE:MMI). The stock decreased 0.08% or $0.01 during the last trading session, reaching $12.61. Sg Americas Securities Limited Liability accumulated 3,847 shares. On September 29 Royal Bank Of Canada maintained a stock rating of "Hold" targeting a price of $12.75. (NASDAQ:BRCD) has "Hold" rating given on Tuesday, August 15 by Stifel Nicolaus. Therefore 59% are positive.

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Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD) earned "Hold" rating by Deutsche Bank on Friday, August 26. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. The firm has "Sell" rating given on Thursday, November 3 by Wunderlich. As per Friday, August 26, the company rating was maintained by Wunderlich. Vanguard Group Inc. raised its position in Level 3 Communications by 2.6% in the second quarter. On Friday, May 20 the stock rating was maintained by RBC Capital Markets with "Sector Perform". (NASDAQ:BRCD) rating on Tuesday, November 24.

Investors sentiment decreased to 0.86 in Q2 2017. Its up 0.90, from 0.88 in 2017Q1.

State Of Wisconsin Invest Board stated it has 469,021 shares. Brocade Communications Systems's payout ratio is now 42.31%. The volume of OLN witnessed a shift from 1.81 million shares, based on a 50-day average, to 1.79 million shares. D E Shaw Inc holds 0.01% or 353,469 shares. Brocade Communications Systems, Inc. Parkside Bank And reported 0% in Brocade Communications Systems, Inc. (NASDAQ:BRCD) has an average volume of 8.34 Million. The percentage of shares being held by the company management was 0.4% while institutional stake was 84.4%. Yakira Cap Mngmt Incorporated holds 137,759 shares or 0.52% of its portfolio. The company was maintained on Wednesday, November 2 by Needham. (NASDAQ:BRCD). The Pennsylvania-based Federated Investors Pa has invested 0.01% in Brocade Communications Systems, Inc. That's a potential 1.66 gain from where (NASDAQ:BRCD) has been trading recently.

Brocade Communications Systems, Inc (Brocade) is a supplier of networking hardware, software and services, including storage area networking (SAN) solutions and Internet protocol (IP) networking solutions for businesses and organizations of various types and sizes. The company's 5 year Earnings per share growth and Capital Spending growth remains at 38.16 and -4.46. Barclays Capital maintained the shares of BRCD in report on Friday, May 20 with "Equalweight" rating.