ADTRAN: 5 Major Funds Buying Shares in Third Quarter
Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of ADTRAN Inc. (NASDAQ:ADTN).
SEC data indicate that these institutions significantly increased their stock shares of ADTRAN Inc. in Q3 2011:
- RCM CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,981,830 shares, worth $78,690,494.
- TIMESSQUARE CAPITAL MANAGEMENT, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 742,700 shares, worth $19,599,853.
- KENNEDY CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 360,356 shares, worth $9,509,795.
- DENVER INVESTMENT ADVISORS LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 247,453 shares, worth $6,530,285.
- PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 242,100 shares, worth $6,389,019.
About the company: ADTRAN, Inc. designs, develops, manufactures, markets, and services a variety of high-speed digital transmission products. The Company’s products are used by telephone companies and corporate end-users to implement advanced digital data services over existing telephone networks. ADTRAN also offers a line of multiplexers which provides modular flexibility.
(Note: Data regarding ADTRAN Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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