NGAM Advisors L.P. Increases Position in Presidio, Inc. (PSDO)
NGAM Advisors L.P. raised its position in shares of Presidio, Inc. (NASDAQ:PSDO) by 593.7% during the second quarter, Holdings Channel reports. The fund owned 99,047 shares of the company’s stock after buying an additional 84,768 shares during the period. NGAM Advisors L.P.’s holdings in Presidio were worth $1,417,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Alliancebernstein L.P. acquired a new stake in shares of Presidio during the first quarter worth approximately $5,781,000. Tudor Investment Corp ET AL acquired a new stake in shares of Presidio during the first quarter worth approximately $387,000. AlphaOne Investment Services LLC acquired a new stake in shares of Presidio during the first quarter worth approximately $270,000. Jane Street Group LLC acquired a new stake in shares of Presidio during the first quarter worth approximately $221,000. Finally, American Century Companies Inc. acquired a new stake in shares of Presidio during the first quarter worth approximately $10,293,000. 93.61% of the stock is currently owned by hedge funds and other institutional investors.
Presidio, Inc. (NASDAQ PSDO) opened at 13.48 on Tuesday. The firm has a 50-day moving average of $14.25 and a 200-day moving average of $14.25. The stock’s market capitalization is $1.23 billion. Presidio, Inc. has a 12-month low of $12.75 and a 12-month high of $16.38.
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PSDO has been the topic of a number of research reports. Royal Bank Of Canada lowered their price objective on shares of Presidio from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, May 12th. ValuEngine cut shares of Presidio from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Evercore ISI set a $19.00 price objective on shares of Presidio and gave the company a “buy” rating in a research note on Saturday, May 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.00.
Presidio Company Profile
Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.
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