Sandell Asset Management Corp increased Brocade Communications Sys I (BRCD) stake by 2.54% reported in 2017Q2 SEC filing. Sandell Asset Management Corp acquired 52,000 shares as Brocade Communications Sys I (BRCD)’s stock rose 2.27%. The Sandell Asset Management Corp holds 2.10M shares with $26.42 million value, up from 2.04 million last quarter. Brocade Communications Sys I now has $5.27B valuation. It closed at $12.73 lastly. It is down 58.47% since December 5, 2016 and is uptrending. It has outperformed by 41.77% the S&P500.
The stock decreased 0.47% or $0.1 during the last trading session, reaching $20.97. About 58,199 shares traded. Templeton Dragon Fund, Inc. (TDF) has risen 28.74% since December 5, 2016 and is uptrending. It has outperformed by 12.04% the S&P500.
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. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by William Blair given on Monday, August 24. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has “Neutral” rating given on Friday, August 21 by Goldman Sachs. The firm earned “Sector Perform” rating on Friday, May 20 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, August 24. Barclays Capital maintained it with “Equalweight” rating and $9 target in Friday, May 20 report. The firm earned “Buy” rating on Wednesday, May 18 by Bank of America. The rating was maintained by William Blair with “Market Perform” on Friday, August 21. Raymond James upgraded Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Wednesday, November 2 to “Neutral” rating. JP Morgan downgraded the shares of BRCD in report on Tuesday, November 24 to “Neutral” rating. Wunderlich downgraded Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Tuesday, May 3 to “Hold” rating.
Investors sentiment decreased to 1.1 in Q2 2017. Its down 0.10, from 1.2 in 2017Q1. It turned negative, as 36 investors sold BRCD shares while 76 reduced holdings. 27 funds opened positions while 96 raised stakes. 324.45 million shares or 1.36% more from 320.11 million shares in 2017Q1 were reported. Mutual Of America Cap Management Ltd Liability Corp holds 0.07% or 329,902 shares in its portfolio. 1,100 were reported by Hirtle Callaghan & Limited Liability. Wells Fargo Mn accumulated 1.43 million shares or 0.01% of the stock. Coastland Ltd Liability Com reported 468,253 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 88,500 shares or 0.1% of the stock. Marshall Wace Llp owns 1.16M shares. 5.43 million are owned by Comml Bank Of Mellon. Kellner Limited owns 301,400 shares for 1.91% of their portfolio. Renaissance Techs Limited Liability Com owns 9.89 million shares for 0.16% of their portfolio. Gam Holdings Ag has invested 0.09% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Brookstone Mgmt owns 22,162 shares. Teachers Retirement Of The State Of Kentucky has invested 0.01% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Tiaa Cref Investment Ltd Liability Corp owns 1.32 million shares. United Kingdom-based Omni Ptnrs Ltd Liability Partnership has invested 3.58% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Profund Advsr Ltd Liability invested in 0.03% or 47,604 shares.
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