It Seems Brocade Communications Systems N (NASDAQ:BRCD) Will Go Up. Just Reported Less Shorted Shares

June 19, 2017 - By Peter Erickson

 It Seems Brocade Communications Systems N (NASDAQ:BRCD) Will Go Up. Just Reported Less Shorted Shares

Investors sentiment decreased to 0.62 in Q4 2016. Its down 0.10, from 0.72 in 2016Q3. It dived, as 81 investors sold Brocade Communications Systems, Inc. shares while 124 reduced holdings. 64 funds opened positions while 63 raised stakes. 322.41 million shares or 1.89% less from 328.64 million shares in 2016Q3 were reported.
Profund Advsrs Lc reported 62,204 shares. Regis Mngmt Limited Liability Corporation owns 156,981 shares. Victory Mgmt invested 0% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Ibm Retirement Fund owns 0.02% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 32,023 shares. 15,376 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Carl Domino holds 0.68% or 50,750 shares. Gabelli And Advisers Incorporated owns 741,647 shares. Bancshares Of New York Mellon Corporation has invested 0.02% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Shell Asset has invested 0.03% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Blackrock Group has 0% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 437,917 shares. Citadel Advisors Limited Liability Company stated it has 0% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). D E Shaw And Co accumulated 705,794 shares. Renaissance Technologies Limited Liability Co has invested 0.18% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Bb&T reported 0% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Afam invested in 564,566 shares or 1.07% of the stock.

Since March 14, 2017, it had 0 buys, and 8 sales for $29.52 million activity. On Wednesday, March 22 CARNEY LLOYD sold $13.11 million worth of Brocade Communications Systems, Inc. (NASDAQ:BRCD) or 1.05 million shares. 6,345 shares were sold by ODONNELL ELLEN, worth $78,488 on Tuesday, March 14. CHENG KEN sold $2.52 million worth of Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Friday, June 9. On Wednesday, March 15 the insider England Gale E. sold $5.73 million. Another trade for 40,000 shares valued at $495,200 was sold by VASWANI SANJAY. 534,628 shares were sold by Lindholm Jeffrey, worth $6.62 million on Wednesday, March 15.

The stock of Brocade Communications Systems N (NASDAQ:BRCD) registered a decrease of 6.77% in short interest. BRCD’s total short interest was 30.56 million shares in June as published by FINRA. Its down 6.77% from 32.78 million shares, reported previously. With 4.94 million shares average volume, it will take short sellers 6 days to cover their BRCD’s short positions. The short interest to Brocade Communications Systems N’s float is 7.55%.

About 211,139 shares traded. Brocade Communications Systems, Inc. (NASDAQ:BRCD) has risen 58.47% since June 19, 2016 and is uptrending. It has outperformed by 41.77% the S&P500.

Brocade Communications Systems, Inc

Brocade Communications Systems, Inc. (NASDAQ:BRCD) Ratings Coverage

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. had 50 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has “Sell” rating given on Friday, August 26 by UBS. Summit Research upgraded Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Friday, August 21 to “Buy” rating. Barclays Capital initiated the shares of BRCD in report on Wednesday, October 14 with “Equalweight” rating. The firm has “Equalweight” rating by Barclays Capital given on Friday, May 20. On Monday, August 22 the stock rating was maintained by Citigroup with “Neutral”. Citigroup maintained the stock with “Neutral” rating in Friday, August 19 report. Robert W. Baird downgraded Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Thursday, July 14 to “Underperform” rating. On Friday, August 26 the stock rating was maintained by Citigroup with “Neutral”. BMO Capital Markets initiated the shares of BRCD in report on Friday, December 11 with “Market Perform” rating. On Thursday, November 3 the stock rating was downgraded by Wunderlich to “Sell”.

More important recent Brocade Communications Systems, Inc. (NASDAQ:BRCD) news were published by: Nasdaq.com which released: “Earnings Reaction History: Brocade Communications Systems, Inc., 44.4% Follow …” on May 25, 2017, also Nasdaq.com published article titled: “Brocade Communications Systems Inc Profit Falls 51% In Q2”, Reuters.com published: “BRIEF-Pulse Secure says affiliate acquires vADC business from Brocade …” on June 01, 2017. More interesting news about Brocade Communications Systems, Inc. (NASDAQ:BRCD) was released by: Nasdaq.com and their article: “Brocade Communications Systems, Inc. (BRCD) Ex-Dividend Date Scheduled for …” with publication date: June 07, 2017.

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