Notable Ownership Action: Do Institutional Investors Hate Polycom Inc (NASDAQ:PLCM)?

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Notable Ownership Action: Do Institutional Investors Hate Polycom Inc (NASDAQ:PLCM)?

Sentiment for Polycom Inc (NASDAQ:PLCM)

Polycom Inc (NASDAQ:PLCM) institutional sentiment decreased to 0 in 2016 Q2. Its down -1.16, from 1.16 in 2016Q1. The ratio dived, as 109 active investment managers opened new or increased stock positions, while 94 cut down and sold stock positions in Polycom Inc. The active investment managers in our partner’s database now possess: 113.70 million shares, down from 116.80 million shares in 2016Q1. Also, the number of active investment managers holding Polycom Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 34 Reduced: 60 Increased: 62 New Position: 47.

Polycom, Inc. offers solutions for voice, video and content sharing and a line of support and service solutions. The company has a market cap of $1.69 billion. The Firm operates in Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC) geographic divisions. It has a 75.73 P/E ratio. The Company’s video, voice and content-management and content-sharing solutions include applications for mobile devices, browser video collaboration, cloud-delivered services, conference room systems and home/work office solutions and immersive telepresence.

It is down 12.44% since March 29, 2016 and is uptrending. It has outperformed by 6.52% the S&P500.

Halcyon Management Partners Lp holds 4.07% of its portfolio in Polycom Inc for 1.46 million shares. 13D Management Llc owns 645,719 shares or 2.99% of their US portfolio. Moreover, Soros Fund Management Llc has 1.91% invested in the company for 7.93 million shares. The Connecticut-based Yakira Capital Management Inc. has invested 1.4% in the stock. Sandell Asset Management Corp, a New York-based fund reported 498,290 shares.#img1#

Polycom Inc (NASDAQ:PLCM) Ratings Coverage

Ratings analysis reveals 0 of Polycom Inc.’s analysts are positive. Out of 4 Wall Street analysts rating Polycom Inc., 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $11 while the high is $15. The stock’s average target of $13 is 4.25% above today’s ($12.47) share price. PLCM was included in 6 notes of analysts from July 24, 2015. On Thursday, October 22 the stock rating was maintained by Northland Capital with “Market Perform”. The firm has “Market Perform” rating given on Monday, April 18 by Raymond James.

More notable recent Polycom Inc (NASDAQ:PLCM) news were published by: Bloomberg.com which released: “Polycom Ends Mitel Pact, Accepts $2 Billion Siris Offer” on July 08, 2016, also Businesswire.com with their article: “Polycom Announces Completion of Acquisition by Affiliates of Siris Capital …” published on September 27, 2016, Wsj.com published: “Mitel Networks to Acquire Polycom for Nearly $2 Billion” on April 15, 2016. More interesting news about Polycom Inc (NASDAQ:PLCM) were released by: Prnewswire.com and their article: “Network-1 Announces Settlement Of Patent Litigation With Polycom, Inc.” published on October 04, 2016 as well as Businesswire.com‘s news article titled: “Robbins Arroyo LLP: Acquisition of Polycom, Inc. (PLCM) by Mitel Networks …” with publication date: April 18, 2016.

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By Winifred Garcia


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