Herald Investment Management Ltd buys $1.6 Million stake in RadiSys Corporation (RSYS)

RadiSys Corporation (RSYS) : Herald Investment Management Ltd scooped up 250,000 additional shares in RadiSys Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 25, 2016. The investment management firm now holds a total of 355,500 shares of RadiSys Corporation which is valued at $1.6 Million.RadiSys Corporation makes up approximately 0.65% of Herald Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Becker Capital Management Inc sold out all of its stake in RSYS during the most recent quarter. The investment firm sold 15,000 shares of RSYS which is valued $66,150.Tower Research Capital (trc) boosted its stake in RSYS in the latest quarter, The investment management firm added 4,312 additional shares and now holds a total of 5,106 shares of RadiSys Corporation which is valued at $21,190.Bridgeway Capital Management Inc boosted its stake in RSYS in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 524,800 shares of RadiSys Corporation which is valued at $2.2 Million. RadiSys Corporation makes up approx 0.04% of Bridgeway Capital Management Inc’s portfolio. Harbourvest Partners sold out all of its stake in RSYS during the most recent quarter. The investment firm sold 546,956 shares of RSYS which is valued $2.3 Million. Pinnacle Associates Ltd added RSYS to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $44,100.

RadiSys Corporation opened for trading at $4.48 and hit $4.709 on the upside on Wednesday, eventually ending the session at $4.7, with a gain of 5.62% or 0.25 points. The heightened volatility saw the trading volume jump to 2,22,480 shares. Company has a market cap of $174 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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