Brocade Communications: Funds Supporting 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 Brocade Communications Systems, Inc. (NASDAQ:BRCD).
SEC data indicate that these institutions significantly increased their stock shares of Brocade Communications Systems, Inc. in Q3 2011:
RCM CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 16,493,489 shares, worth $71,251,872.
HIGHTOWER ADVISORS, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 739,484 shares, worth $3,194,571.
WADDELL & REED FINANCIAL INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 699,175 shares, worth $3,020,436.
ARROWSTREET CAPITAL LIMITED PARTNERSHIP: On 06/30/2011, held 0 shares. On 09/30/2011, held 619,180 shares, worth $2,674,858.
KENNEDY CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 526,955 shares, worth $2,276,446.
About the company: Brocade Communications Systems, Inc. provides switching solutions for storage area networks (NYSE:SAN). The Company’s switching solutions utilize the fiber channel interconnect protocol. Brocade’s family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN.
Competitors to Watch: EMC Corporation (NYSE:EMC), Emulex Corporation (NYSE:ELX), NetApp Inc. (NASDAQ:NTAP), Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSCO), Western Digital Corp. (NYSE:WDC), QLogic Corporation (NASDAQ:QLGC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), and Quantum Corporation (NYSE:QTM).
(Note: Data regarding Brocade Communications Systems, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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