Does Broadsoft Incorporated (NASDAQ:BSFT) Have Gas After Even More Sellers Involved?

September 17, 2017 - By Marguerite Chambers

 Does Broadsoft Incorporated (NASDAQ:BSFT) Have Gas After Even More Sellers Involved?

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.06, from 0.96 in 2016Q3. It worsened, as 28 investors sold BroadSoft Inc shares while 55 reduced holdings. 15 funds opened positions while 60 raised stakes. 32.64 million shares or 2.32% more from 31.90 million shares in 2016Q3 were reported.
Public Employees Retirement Association Of Colorado reported 0% in BroadSoft Inc (NASDAQ:BSFT). Dudley And Shanley Ltd Liability, Florida-based fund reported 36,500 shares. Price T Rowe Assoc Inc Md holds 0.01% or 890,219 shares. Nationwide Fund Advisors reported 28,963 shares. Brown Advisory holds 0.22% or 1.48M shares. G2 Prtn Mgmt Ltd Liability Company holds 2.19% in BroadSoft Inc (NASDAQ:BSFT) or 107,637 shares. Blackrock Fund Advsr accumulated 882,148 shares. 2.29M are held by Vanguard Grp. Sterling Mngmt Limited Liability Company has invested 0.01% in BroadSoft Inc (NASDAQ:BSFT). Bancshares Of Ny Mellon accumulated 0% or 121,264 shares. Century Ltd Liability Corporation has 66,868 shares for 0.36% of their portfolio. Great West Life Assurance Can invested in 0% or 29,623 shares. Portolan Capital Management Llc stated it has 25,424 shares or 0.14% of all its holdings. Int Group accumulated 16,914 shares or 0% of the stock. Bank & Trust Of Montreal Can reported 43,092 shares stake.

The stock of Broadsoft Incorporated (NASDAQ:BSFT) registered an increase of 6.96% in short interest. BSFT’s total short interest was 3.64M shares in September as published by FINRA. Its up 6.96% from 3.40M shares, reported previously. With 510,900 shares average volume, it will take short sellers 7 days to cover their BSFT’s short positions. The short interest to Broadsoft Incorporated’s float is 12.12%.

The stock increased 1.08% or $0.55 on September 15, reaching $51.55. About 501,512 shares traded or 3.60% up from the average. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since September 17, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

BroadSoft, Inc. is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud Unified Communications to their enterprise customers. The company has market cap of $1.60 billion. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise private branch exchange (PBX) equipment. It currently has negative earnings. BroadSoft Business includes its UC-One, Team-One and CC-One applications.

BroadSoft Inc (NASDAQ:BSFT) Ratings Coverage

Among 10 analysts covering Broadsoft (NASDAQ:BSFT), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Broadsoft had 22 analyst reports since November 5, 2015 according to SRatingsIntel. As per Tuesday, August 2, the company rating was maintained by Jefferies. Jefferies maintained BroadSoft Inc (NASDAQ:BSFT) rating on Friday, June 23. Jefferies has “Buy” rating and $5500 target. As per Wednesday, September 28, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Thursday, August 31 by Northland Capital. The firm has “Neutral” rating given on Tuesday, August 8 by Robert W. Baird. The rating was maintained by Cowen & Co with “Buy” on Friday, September 1. The stock of BroadSoft Inc (NASDAQ:BSFT) earned “Buy” rating by Cowen & Co on Friday, July 28. The stock of BroadSoft Inc (NASDAQ:BSFT) earned “Buy” rating by Dougherty & Company on Friday, April 29. The firm earned “Strong Buy” rating on Tuesday, August 2 by Raymond James. The company was maintained on Tuesday, September 5 by Needham.

More recent BroadSoft Inc (NASDAQ:BSFT) news were published by: which released: “Wall Street’s M&A Chatter From August 30: BroadSoft, Toshiba, Veon” on August 31, 2017. Also published the news titled: “BroadSoft Positioned by Gartner as a Visionary in Global Magic Quadrant for …” on September 13, 2017.‘s news article titled: “Wolf Pack Descends on BroadSoft” with publication date: September 10, 2017 was also an interesting one.

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