Monday, 23 October, 2017

Brocade Communications Systems, Inc. (BRCD) Shares Bought by Nomura Holdings Inc

Conrad Doyle | 12 October, 2017, 19:24

A total of 6.02 Million shares exchanged at hands and its Average Volume (3 months) is 8.13 Million. The stock's average target of $10.81 is -12.11% below today's ($12.3) share price.

About 26,200 shares traded. PNC Financial Services Group Inc. lifted its holdings in shares of Brocade Communications Systems by 6.9% in the 2nd quarter. (NASDAQ:BRCD) has a market cap of $5.1 billion and over the last 12 months, BRCD has risen by 32.58%. It has outperformed by 41.77% the S&P500.

Among 12 analysts covering Quanta Services Inc. The average investment rating for BRCD on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.00 or a Hold. Therefore 67% are positive. Visa Inc. had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Tuesday, October 4 by DA Davidson. The firm earned "Neutral" rating on Friday, August 19 by Citigroup. On Monday, October 19 the stock rating was downgraded by Johnson Rice to "Accumulate". The stock has "Neutral" rating by Raymond James on Wednesday, November 2. Barclays Capital maintained the shares of BRCD in report on Tuesday, August 23 with "Equal-Weight" rating. The rating was upgraded by Guggenheim on Monday, December 5 to "Buy". The company has market cap of $45.08 million. The Company operates through three segments: SAN Products, IP Networking Products and Global Services. It has a 21.25 P/E ratio. About 15 shares traded. Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) has risen 1.37% since October 10, 2016 and is uptrending. RBC Capital Markets maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. (NASDAQ:BRCD) rating on Wednesday, May 18. (NASDAQ:BRCD) on Friday, May 20 with "Sector Perform" rating.

Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Wednesday, June 14.

Analysts are speculating a 934.48% move, based on the high target price ($3) for the shares that is set to reach in the next 12 months. (NASDAQ:BRCD), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. RBC Capital Markets maintained Brocade Communications Systems, Inc.

Jonathan Lourie increased its stake in Brocade Communications Sys (BRCD) by 33.37% based on its latest 2017Q2 regulatory filing with the SEC. Robert W. Baird has "Neutral" rating and $13 target. In looking the SMA 50 we see that the stock has seen a 0.58% while it has a distance of -1.30% from the 200 days simple moving average. 27 funds opened positions while 96 raised stakes. Schwab Charles Investment Management Inc. now owns 1,864,571 shares of the technology company's stock worth $23,513,000 after buying an additional 50,507 shares during the period. Swiss National Bank, Switzerland-based fund reported 700,682 shares. (BRCD) closed its previous trading session at $12.29 with the loss of -0.32%.

Zoetis Inc. (NYSE:ZTS) is another stock that is grabbing investors attention these days. (NASDAQ:BRCD) for 197,204 shares. Moreover, Hbk Sorce Advisory Ltd Com has 0.28% invested in Visa Inc (NYSE:V). Ontario Teachers Pension Plan Board reported 245,400 shares stake.

As of the end of the quarter Cantab Capital Partners Llp had disposed of 4,079 shares trimming its position 16.4%. Brocade Communications Systems's payout ratio is 314.29%. Net profit margin of Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 253,320 shares. Prudential owns 254,537 shares for 0% of their portfolio. Fulton Bank, N.a. now holds 13,790 shares with a value of $165,000. First Allied Advisory Services Incorporated owns 613,536 shares. The stock went down -2.84% at some stage in past quarter. TheStreet lowered shares of Brocade Communications Systems from a "b" rating to a "c" rating in a research note on Friday, February 24th. Nomura Holdings Inc. owned approximately 0.20% of Brocade Communications Systems worth $10,431,000 as of its most recent filing with the SEC. (NASDAQ:BRCD) on Thursday, June 8.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. During the same quarter a year ago, the company posted $0.21 earnings per share. The share price was last seen 0.41% higher, reaching at $12.33 on October 10, 2017. (NASDAQ:BRCD). California Employees Retirement has 1.43M shares for 0.03% of their portfolio. Stevens Capital Management LP raised its holdings in Brocade Communications Systems by 1.9% during the 2nd quarter.

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