Cadence Capital Management LLC Reduced Holding in RadiSys Co. (RSYS)

Cadence Capital Management LLC Reduced Holding in RadiSys Co. (RSYS)

Cadence Capital Management LLC cut its position in shares of RadiSys Co. (NASDAQ:RSYS) by 33.9% during the first quarter, Holdings Channel reports. The firm owned 136,335 shares of the technology company’s stock after selling 69,952 shares during the period. Cadence Capital Management LLC’s holdings in RadiSys were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RSYS. Heartland Advisors Inc. increased its stake in shares of RadiSys by 5.9% in the first quarter. Heartland Advisors Inc. now owns 2,993,325 shares of the technology company’s stock worth $11,973,000 after buying an additional 166,787 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of RadiSys by 27.6% in the first quarter. Paradigm Capital Management Inc. NY now owns 2,363,313 shares of the technology company’s stock worth $9,453,000 after buying an additional 511,113 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of RadiSys by 27.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,717,437 shares of the technology company’s stock worth $6,870,000 after buying an additional 369,827 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of RadiSys by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,263 shares of the technology company’s stock worth $6,509,000 after buying an additional 64,151 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in shares of RadiSys during the first quarter worth $2,362,000. 61.23% of the stock is owned by hedge funds and other institutional investors.

RadiSys Co. (NASDAQ:RSYS) traded down 1.31% during trading on Friday, hitting $3.78. 98,205 shares of the stock were exchanged. RadiSys Co. has a 52 week low of $3.64 and a 52 week high of $5.81. The stock’s market capitalization is $147.15 million. The firm has a 50-day moving average of $3.96 and a 200-day moving average of $4.15.

RadiSys (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. RadiSys had a negative net margin of 4.83% and a positive return on equity of 9.36%. The business had revenue of $37.61 million during the quarter, compared to analyst estimates of $38.59 million. Equities research analysts anticipate that RadiSys Co. will post $0.10 earnings per share for the current fiscal year.

RSYS has been the subject of a number of research reports. Zacks Investment Research downgraded shares of RadiSys from a “hold” rating to a “sell” rating in a report on Saturday, March 25th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target (down from $6.00) on shares of RadiSys in a report on Friday, February 10th. Finally, Jefferies Group LLC reduced their price objective on shares of RadiSys to $6.75 and set a “buy” rating for the company in a report on Friday, February 10th.

About RadiSys

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RSYS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding RSYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RadiSys Co. (NASDAQ:RSYS).

Related posts

Leave a Comment