Pacific Ridge Capital Partners buys $5.4 Million stake in RadiSys Corporation (RSYS)

RadiSys Corporation (RSYS) : Pacific Ridge Capital Partners scooped up 6,290 additional shares in RadiSys Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,233,970 shares of RadiSys Corporation which is valued at $5.4 Million.RadiSys Corporation makes up approximately 2.46% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in RSYS in the latest quarter, The investment management firm added 276,220 additional shares and now holds a total of 2,015,919 shares of RadiSys Corporation which is valued at $8.9 Million. RadiSys Corporation makes up approx 0.02% of Renaissance Technologies’s portfolio.Blackrock Japan Ltd reduced its stake in RSYS by selling 4,305 shares or 17.32% in the most recent quarter. The Hedge Fund company now holds 20,547 shares of RSYS which is valued at $90,612.Blackrock Fund Advisors reduced its stake in RSYS by selling 6,617 shares or 7.12% in the most recent quarter. The Hedge Fund company now holds 86,297 shares of RSYS which is valued at $380,570. Russell Frank Co added RSYS to its portfolio by purchasing 80,075 company shares during the most recent quarter which is valued at $357,135.

RadiSys Corporation opened for trading at $4.32 and hit $4.46 on the upside on Wednesday, eventually ending the session at $4.37, with a gain of 0.69% or 0.03 points. The heightened volatility saw the trading volume jump to 1,51,006 shares. Company has a market cap of $162 M.

On the company’s financial health, RadiSys Corporation reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $55.10 million for the quarter, compared to analysts expectations of $50.32 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on RadiSys Corporation. Company shares were Reiterated by Needham on Apr 8, 2016 to “Buy”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4 .Lake Street Initiated RadiSys Corporation on Mar 21, 2016 to “Buy”, Price Target of the shares are set at $4.50.

Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms real-time media processing engines and wireless access technologies enable service providers to maximize virtualize and monetize their networks. The Company’s products and services are organized into two operating segments: Software-Systems and Embedded Products and Hardware Services. The Company’s Software-Systems segment is comprised of three product families: FlowEngine MediaEngine and CellEngine. Also included in the Software-Systems segment is its Professional Service organization. The Company’s Embedded Products and Hardware Services segment comprises of the product-lines T-Series Advanced Telecommunications Computing Architecture (ATCA) Platforms Component Object Model (COM) Express and Rackmount Servers and Other Products.

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