Northern Trust Corp Invests $269,000 in RADCOM Ltd. (NASDAQ:RDCM)

Northern Trust Corp bought a new position in RADCOM Ltd. (NASDAQ:RDCM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,785 shares of the technology company’s stock, valued at approximately $269,000. Northern Trust Corp owned about 0.14% of RADCOM as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RDCM. Legato Capital Management LLC purchased a new stake in shares of RADCOM in the fourth quarter worth about $848,000. Acuitas Investments LLC grew its holdings in RADCOM by 21.6% in the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after purchasing an additional 32,631 shares during the period. Essex Investment Management Co. LLC acquired a new stake in RADCOM in the fourth quarter valued at approximately $2,832,000. Value Base Ltd. acquired a new stake in RADCOM in the fourth quarter valued at approximately $10,330,000. Finally, Prudential Financial Inc. acquired a new stake in RADCOM in the fourth quarter valued at approximately $183,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RDCM. Needham & Company LLC raised their price objective on RADCOM from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Wall Street Zen raised RADCOM from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

RADCOM Trading Down 0.4%

Shares of RDCM opened at $13.30 on Monday. The firm has a market cap of $208.30 million, a P/E ratio of 30.23 and a beta of 0.71. The stock’s 50 day moving average is $11.86 and its two-hundred day moving average is $12.28. RADCOM Ltd. has a 12 month low of $9.05 and a 12 month high of $15.98.

RADCOM Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.