Allianz Asset Management AG reduced its position in shares of RadiSys Co. (NASDAQ:RSYS) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,647 shares of the company’s stock after selling 345 shares during the period. Allianz Asset Management AG owned 0.58% of RadiSys worth $986,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in RadiSys during the fourth quarter worth approximately $739,000. Paradigm Capital Management Inc. NY increased its stake in RadiSys by 18.5% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,095,042 shares of the company’s stock worth $5,853,000 after buying an additional 170,842 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in RadiSys by 15.3% in the third quarter. Pacific Ridge Capital Partners LLC now owns 1,152,850 shares of the company’s stock worth $6,162,000 after buying an additional 152,560 shares during the period. Heartland Advisors Inc. increased its stake in RadiSys by 6.8% in the third quarter. Heartland Advisors Inc. now owns 2,334,000 shares of the company’s stock worth $12,475,000 after buying an additional 148,865 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in RadiSys by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,263 shares of the company’s stock worth $6,509,000 after buying an additional 64,151 shares during the period. 61.23% of the stock is owned by institutional investors.
RadiSys Co. (NASDAQ:RSYS) opened at 3.87 on Tuesday. RadiSys Co. has a 1-year low of $3.64 and a 1-year high of $5.81. The firm’s market cap is $150.51 million. The stock’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.53.
RadiSys (NASDAQ:RSYS) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm earned $40.60 million during the quarter, compared to the consensus estimate of $42.07 million. RadiSys had a positive return on equity of 9.36% and a negative net margin of 4.83%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. Equities research analysts predict that RadiSys Co. will post $0.11 EPS for the current year.
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A number of equities research analysts have commented on RSYS shares. Jefferies Group LLC reissued a “buy” rating and issued a $6.75 target price (down previously from $7.25) on shares of RadiSys in a report on Thursday, February 16th. Zacks Investment Research downgraded RadiSys from a “hold” rating to a “sell” rating in a report on Friday, February 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price (down previously from $6.00) on shares of RadiSys in a report on Thursday, February 16th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. RadiSys has an average rating of “Buy” and an average target price of $5.55.
In related news, CEO Brian Bronson sold 120,000 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $3.88, for a total value of $465,600.00. Following the completion of the sale, the chief executive officer now directly owns 495,662 shares of the company’s stock, valued at approximately $1,923,168.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.
RadiSys 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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