FNY Managed Accounts LLC purchased a new position in Xura Inc. (NASDAQ:MESG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $244,000.
Several other institutional investors have also recently made changes to their positions in MESG. Sphinx Trading LP purchased a new position in shares of Xura during the second quarter worth $122,000. Envestnet Asset Management Inc. boosted its position in shares of Xura by 19.6% in the first quarter. Envestnet Asset Management Inc. now owns 8,345 shares of the company’s stock worth $164,000 after buying an additional 1,365 shares in the last quarter. Barclays PLC purchased a new position in shares of Xura during the first quarter worth $548,000. AXA boosted its position in shares of Xura by 300.9% in the first quarter. AXA now owns 35,120 shares of the company’s stock worth $691,000 after buying an additional 26,359 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Xura by 219.9% in the first quarter. Renaissance Technologies LLC now owns 163,800 shares of the company’s stock worth $3,222,000 after buying an additional 112,600 shares in the last quarter.
Shares of Xura Inc. (NASDAQ:MESG) remained flat at $25.00 during midday trading on Wednesday. Xura Inc. has a 52 week low of $17.51 and a 52 week high of $26.63. The company’s 50-day moving average is $24.77 and its 200-day moving average is $22.24.
MESG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Xura from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Friday, July 22nd. B. Riley restated a “neutral” rating and set a $25.00 price objective on shares of Xura in a report on Saturday, August 27th. Finally, Craig Hallum lowered shares of Xura from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.
Xura, Inc, formerly Comverse, Inc, is a provider of digital communications solutions for communication service providers (CSPs), enterprises and application providers. The Company offers digital communications solutions to create monetizable services with both existing and emerging technologies, such as voice over long-term evolution (VoLTE), rich communication services (RCS) credit orchestration and Internet protocol (IP) messaging and Web real-time communications (WebRTC).
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