California Public Employees Retirement System maintained its stake in shares of RadiSys Corporation (NASDAQ:RSYS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,200 shares of the technology company’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned 0.22% of RadiSys worth $324,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of RadiSys by 26.3% in the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after buying an additional 8,575 shares during the last quarter. Cadence Capital Management LLC increased its holdings in shares of RadiSys by 5.8% in the 2nd quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock worth $542,000 after buying an additional 7,858 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of RadiSys by 19.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after buying an additional 25,495 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RadiSys by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 254,652 shares of the technology company’s stock worth $1,018,000 after buying an additional 9,654 shares during the last quarter. Finally, S Squared Technology LLC increased its holdings in shares of RadiSys by 34.7% in the 2nd quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock worth $1,554,000 after buying an additional 106,500 shares during the last quarter. Institutional investors and hedge funds own 49.21% of the company’s stock.

A number of research firms have recently weighed in on RSYS. Needham & Company LLC reduced their target price on shares of RadiSys from $4.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, August 2nd. Lake Street Capital restated a “buy” rating and issued a $3.00 target price (down from $4.50) on shares of RadiSys in a report on Tuesday, August 8th. DA Davidson restated a “buy” rating and issued a $3.50 target price on shares of RadiSys in a report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a $3.00 price target on shares of RadiSys in a report on Sunday, September 10th. Finally, Zacks Investment Research upgraded shares of RadiSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. RadiSys has an average rating of “Buy” and a consensus target price of $3.60.

Shares of RadiSys Corporation (RSYS) opened at $0.80 on Monday. RadiSys Corporation has a 52-week low of $0.63 and a 52-week high of $5.26.

RadiSys (NASDAQ:RSYS) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The company had revenue of $28.80 million during the quarter, compared to analysts’ expectations of $28.11 million. RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. RadiSys’s quarterly revenue was down 48.0% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. analysts forecast that RadiSys Corporation will post -0.59 earnings per share for the current fiscal year.

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RadiSys Profile

Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.

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Institutional Ownership by Quarter for RadiSys (NASDAQ:RSYS)

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