HBK Investments L P acquired a new stake in Casa Systems Inc (NASDAQ:CASA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 60,000 shares of the company’s stock, valued at approximately $1,066,000.

A number of other large investors have also recently bought and sold shares of CASA. Gilder Gagnon Howe & Co. LLC purchased a new stake in Casa Systems in the 4th quarter valued at about $232,000. Summit Partners L P purchased a new stake in shares of Casa Systems during the 4th quarter worth approximately $689,834,000. Monashee Investment Management LLC purchased a new stake in shares of Casa Systems during the 4th quarter worth approximately $2,229,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Casa Systems during the 4th quarter worth approximately $1,320,000. Finally, MYDA Advisors LLC purchased a new stake in shares of Casa Systems during the 4th quarter worth approximately $1,598,000. Hedge funds and other institutional investors own 54.32% of the company’s stock.

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CASA has been the subject of several research analyst reports. Barclays initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $17.00 price target for the company. Stifel Nicolaus initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They set a “buy” rating and a $23.00 price target for the company. Morgan Stanley initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $21.00 price target for the company. William Blair initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They set an “outperform” rating for the company. Finally, Northland Securities initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They set an “outperform” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.71.

Shares of Casa Systems Inc (NASDAQ CASA) opened at $31.99 on Friday. The company has a debt-to-equity ratio of 5.89, a quick ratio of 3.87 and a current ratio of 4.23. Casa Systems Inc has a one year low of $13.25 and a one year high of $34.21.

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About Casa Systems

Casa Systems, Inc is provides a software-centric infrastructure solutions. In addition, the Company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom and wireless networks. Its products include axyom software platform, delivery platforms, multi-service applications, capacity expansion products.

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Institutional Ownership by Quarter for Casa Systems (NASDAQ:CASA)

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