Longfellow Investment Management Co. LLC acquired a new position in Demandware Inc (NYSE:DWRE) during the second quarter, Holdings Channel reports. The firm acquired 185,000 shares of the company’s stock, valued at approximately $13,856,000. Demandware comprises 4.9% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its largest position.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Group LTD raised its stake in shares of Demandware by 0.8% in the first quarter. BlackRock Group LTD now owns 84,375 shares of the company’s stock worth $3,300,000 after buying an additional 663 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Demandware by 496.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,760 shares of the company’s stock worth $132,000 after buying an additional 1,465 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Demandware by 3.2% in the first quarter. Kennedy Capital Management Inc. now owns 48,144 shares of the company’s stock worth $1,882,000 after buying an additional 1,507 shares during the last quarter. BlackRock Inc. raised its stake in shares of Demandware by 541.7% in the first quarter. BlackRock Inc. now owns 6,571 shares of the company’s stock worth $257,000 after buying an additional 5,547 shares during the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of Demandware during the first quarter worth approximately $231,000.
Demandware Inc (NYSE:DWRE) remained flat at $74.97 during midday trading on Tuesday. The stock’s 50 day moving average price is $69.67 and its 200 day moving average price is $48.09. Demandware Inc has a 1-year low of $26.47 and a 1-year high of $75.90.
Separately, TheStreet upgraded Demandware from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $60.87.
Demandware Company Profile
Demandware, Inc is a provider of enterprise-class cloud commerce solutions for retailers and branded manufacturers, including solutions for digital commerce and point of sale, as well as order management and intelligence capabilities. The Company’s Demandware Commerce offering is a combination of its cloud platform, community and related services that enables customers to establish and execute complex digital commerce solutions.
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