California State Teachers Retirement System bought a new stake in shares of RadiSys Corp. (NASDAQ:RSYS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 74,701 shares of the company’s stock, valued at approximately $335,000. California State Teachers Retirement System owned 0.20% of RadiSys Corp. as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Spark Investment Management LLC boosted its stake in shares of RadiSys Corp. by 176.3% in the first quarter. Spark Investment Management LLC now owns 107,500 shares of the company’s stock valued at $424,000 after buying an additional 68,600 shares during the period. Geode Capital Management LLC boosted its stake in shares of RadiSys Corp. by 13.5% in the first quarter. Geode Capital Management LLC now owns 179,061 shares of the company’s stock valued at $707,000 after buying an additional 21,319 shares during the period. Herald Investment Management Ltd boosted its stake in shares of RadiSys Corp. by 237.0% in the first quarter. Herald Investment Management Ltd now owns 355,500 shares of the company’s stock valued at $1,404,000 after buying an additional 250,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of RadiSys Corp. by 66.9% in the second quarter. Bank of New York Mellon Corp now owns 134,236 shares of the company’s stock valued at $602,000 after buying an additional 53,809 shares during the period. 59.34% of the stock is currently owned by institutional investors.
RadiSys Corp. (NASDAQ:RSYS) traded down 2.57% during midday trading on Friday, reaching $4.92. The company’s stock had a trading volume of 240,321 shares. RadiSys Corp. has a 12 month low of $2.25 and a 12 month high of $5.81. The company’s market cap is $188.33 million. The stock has a 50-day moving average price of $5.25 and a 200 day moving average price of $4.81.
RadiSys Corp. (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. RadiSys Corp. had a negative net margin of 3.44% and a positive return on equity of 10.60%. The company earned $61.30 million during the quarter, compared to analyst estimates of $59.72 million. During the same quarter last year, the business posted $0.03 EPS. RadiSys Corp.’s quarterly revenue was up 30.3% compared to the same quarter last year. Analysts expect that RadiSys Corp. will post $0.25 earnings per share for the current fiscal year.
Several brokerages recently issued reports on RSYS. Zacks Investment Research upgraded RadiSys Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Wednesday, July 13th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target (up from $5.50) on shares of RadiSys Corp. in a research note on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. RadiSys Corp. has an average rating of “Buy” and a consensus target price of $5.92.
RadiSys Corp. Company Profile
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.
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