OxFORD Asset Management LLP Takes $970,000 Position in BroadSoft Inc (NASDAQ:BSFT)

OxFORD Asset Management LLP bought a new stake in BroadSoft Inc (NASDAQ:BSFT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,387 shares of the software maker’s stock, valued at approximately $970,000. OxFORD Asset Management LLP owned about 0.06% of BroadSoft as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Cipher Capital LP purchased a new position in BroadSoft in the 2nd quarter valued at approximately $1,856,000. Renaissance Group LLC boosted its position in BroadSoft by 16.9% in the 2nd quarter. Renaissance Group LLC now owns 8,285 shares of the software maker’s stock valued at $357,000 after buying an additional 1,196 shares during the period. Kennedy Capital Management Inc. purchased a new position in BroadSoft in the 2nd quarter valued at approximately $10,371,000. Legion Partners Asset Management LLC purchased a new position in BroadSoft in the 2nd quarter valued at approximately $15,041,000. Finally, Vanguard Group Inc. boosted its position in BroadSoft by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,533,349 shares of the software maker’s stock valued at $109,060,000 after buying an additional 92,265 shares during the period.

In related news, insider Scott D. Hoffpauir sold 4,448 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $54.57, for a total value of $242,727.36. Following the completion of the sale, the insider now directly owns 90,208 shares of the company’s stock, valued at $4,922,650.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 13,344 shares of company stock valued at $721,110. 1.50% of the stock is owned by corporate insiders.

Several equities analysts have commented on BSFT shares. Zacks Investment Research cut shares of BroadSoft from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and issued a $55.00 price target on shares of BroadSoft in a research report on Thursday, September 28th. Robert W. Baird reissued a “hold” rating and issued a $45.00 price target on shares of BroadSoft in a research report on Friday, October 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price objective on shares of BroadSoft in a research report on Tuesday, October 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of BroadSoft in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. BroadSoft has a consensus rating of “Hold” and a consensus target price of $50.40.

BroadSoft Inc (NASDAQ:BSFT) traded down $0.05 during trading on Friday, hitting $54.85. 451,356 shares of the stock traded hands, compared to its average volume of 815,542. BroadSoft Inc has a 1-year low of $33.85 and a 1-year high of $55.05. The stock has a market cap of $1,744.50, a PE ratio of -152.36, a P/E/G ratio of 3.54 and a beta of 0.93. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41.

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BroadSoft Profile

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

Institutional Ownership by Quarter for BroadSoft (NASDAQ:BSFT)

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