Parametric Portfolio Associates LLC Increases Stake in Brocade Communications Systems, Inc. (NASDAQ:BRCD)

Parametric Portfolio Associates LLC raised its stake in shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,286,043 shares of the technology company’s stock after purchasing an additional 139,502 shares during the quarter. Parametric Portfolio Associates LLC owned 0.31% of Brocade Communications Systems worth $15,368,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BRCD. California Public Employees Retirement System increased its stake in Brocade Communications Systems by 0.4% in the third quarter. California Public Employees Retirement System now owns 1,436,729 shares of the technology company’s stock valued at $17,169,000 after acquiring an additional 5,031 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Brocade Communications Systems in the third quarter valued at about $297,000. Janus Henderson Group PLC increased its stake in Brocade Communications Systems by 72.9% in the third quarter. Janus Henderson Group PLC now owns 485,060 shares of the technology company’s stock valued at $5,796,000 after acquiring an additional 204,500 shares during the period. Jane Street Group LLC bought a new stake in Brocade Communications Systems in the third quarter valued at about $203,000. Finally, Magnetar Financial LLC increased its stake in Brocade Communications Systems by 16.5% in the third quarter. Magnetar Financial LLC now owns 11,030,810 shares of the technology company’s stock valued at $131,818,000 after acquiring an additional 1,563,088 shares during the period. Institutional investors own 83.72% of the company’s stock.

A number of analysts recently weighed in on BRCD shares. Royal Bank of Canada reissued a “hold” rating and issued a $12.75 target price on shares of Brocade Communications Systems in a research note on Thursday, November 2nd. Robert W. Baird restated a “hold” rating and issued a $13.00 price target on shares of Brocade Communications Systems in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.83.

Brocade Communications Systems, Inc. (NASDAQ BRCD) opened at $12.73 on Friday. The company has a market cap of $5,270.00, a PE ratio of 181.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54. Brocade Communications Systems, Inc. has a 12-month low of $11.43 and a 12-month high of $12.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.78 and a quick ratio of 2.66.

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Brocade Communications Systems Company Profile

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 operates through three segments: SAN Products, IP Networking Products and Global Services.

Institutional Ownership by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

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