Rhumbline Advisers raised its holdings in Casa Systems Inc (NASDAQ:CASA) by 66.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 34,166 shares of the company’s stock after acquiring an additional 13,634 shares during the period. Rhumbline Advisers’ holdings in Casa Systems were worth $449,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Casa Systems in the fourth quarter valued at about $33,000. LPL Financial LLC acquired a new position in Casa Systems in the third quarter valued at about $150,000. Victory Capital Management Inc. acquired a new position in Casa Systems in the third quarter valued at about $194,000. Brown Advisory Inc. acquired a new position in Casa Systems in the third quarter valued at about $220,000. Finally, American International Group Inc. grew its stake in Casa Systems by 90.2% in the third quarter. American International Group Inc. now owns 17,962 shares of the company’s stock valued at $265,000 after acquiring an additional 8,516 shares during the period. 66.45% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Needham & Company LLC lowered Casa Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Zacks Investment Research lowered Casa Systems from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. William Blair lowered Casa Systems from an “outperform” rating to a “market perform” rating in a report on Friday, February 22nd. Stifel Nicolaus lowered Casa Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $14.00 in a report on Friday, January 18th. Finally, ValuEngine lowered Casa Systems from a “hold” rating to a “sell” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.63.

Shares of Casa Systems stock opened at $9.01 on Thursday. The stock has a market capitalization of $756.47 million, a PE ratio of 11.26 and a beta of -0.46. Casa Systems Inc has a one year low of $8.85 and a one year high of $33.90. The company has a debt-to-equity ratio of 3.92, a quick ratio of 4.11 and a current ratio of 4.69.

Casa Systems (NASDAQ:CASA) last released its earnings results on Thursday, February 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. Casa Systems had a return on equity of 86.77% and a net margin of 24.57%. The business had revenue of $67.83 million for the quarter, compared to analyst estimates of $65.93 million. Analysts predict that Casa Systems Inc will post 0.23 earnings per share for the current fiscal year.

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Casa Systems Profile

Casa Systems, Inc provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.

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

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