Teacher Retirement System of Texas boosted its position in shares of Demandware Inc (NYSE:DWRE) by 13.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,746 shares of the company’s stock after buying an additional 573 shares during the period. Teacher Retirement System of Texas’ holdings in Demandware were worth $355,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of DWRE. BNP Paribas Arbitrage SA raised its position in Demandware by 496.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,760 shares of the company’s stock worth $132,000 after buying an additional 1,465 shares during the period. Menta Capital LLC acquired a new position in Demandware during the first quarter worth $231,000. Emerald Acquisition Ltd. acquired a new position in Demandware during the second quarter worth $241,000. BlackRock Inc. raised its position in Demandware by 541.7% in the first quarter. BlackRock Inc. now owns 6,571 shares of the company’s stock worth $257,000 after buying an additional 5,547 shares during the period. Finally, Princeton Alpha Management LP acquired a new position in Demandware during the second quarter worth $469,000.
Shares of Demandware Inc (NYSE:DWRE) remained flat at $74.97 during midday trading on Wednesday. The firm’s 50 day moving average price is $69.67 and its 200-day moving average price is $48.09. Demandware Inc has a one year low of $26.47 and a one year high of $75.90.
Separately, TheStreet raised Demandware from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $60.87.
Demandware, Inc is a provider of enterprise-class cloud commerce solutions for retailers and branded manufacturers, including solutions for digital commerce and point of sale, as well as order management and intelligence capabilities. The Company’s Demandware Commerce offering is a combination of its cloud platform, community and related services that enables customers to establish and execute complex digital commerce solutions.
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