Oppenheimer Asset Management Inc. raised its stake in DZS Inc. (NASDAQ:DZSI – Get Rating) by 20.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,816 shares of the communications equipment provider’s stock after buying an additional 3,386 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.07% of DZS worth $322,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. AIGH Capital Management LLC lifted its stake in DZS by 34.1% in the first quarter. AIGH Capital Management LLC now owns 1,568,344 shares of the communications equipment provider’s stock valued at $21,753,000 after buying an additional 398,545 shares during the last quarter. Royce & Associates LP lifted its stake in DZS by 5.1% in the first quarter. Royce & Associates LP now owns 1,083,426 shares of the communications equipment provider’s stock valued at $15,027,000 after buying an additional 52,200 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in DZS in the first quarter valued at $278,000. Strs Ohio lifted its stake in DZS by 6.0% in the second quarter. Strs Ohio now owns 31,600 shares of the communications equipment provider’s stock valued at $514,000 after buying an additional 1,800 shares during the last quarter. Finally, First Washington CORP lifted its stake in DZS by 2.2% in the first quarter. First Washington CORP now owns 378,290 shares of the communications equipment provider’s stock valued at $5,247,000 after buying an additional 7,986 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors.
DZS Stock Down 1.9 %
Shares of NASDAQ DZSI opened at $13.64 on Thursday. DZS Inc. has a fifty-two week low of $10.59 and a fifty-two week high of $19.95. The firm’s 50-day simple moving average is $12.85 and its 200 day simple moving average is $14.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.48.
Wall Street Analysts Forecast Growth
DZS Inc provides broadband network access solutions and communications platforms in the Americas, Europe, the Middle East, Africa, and Asia. It offers broadband connectivity solutions through DZS Velocity, including voice, high-definition and ultra-high-definition video, highspeed internet access, and business class services; switching and routing products; and XCelerate for increasing the velocity with which service providers can leap to multi-gigabit services.
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