Barclays Raises Casa Systems (NASDAQ:CASA) Price Target to $3.00

Casa Systems (NASDAQ:CASAGet Rating) had its price target increased by Barclays from $2.50 to $3.00 in a report issued on Thursday, The Fly reports. The firm currently has an equal weight rating on the stock.

Separately, Northland Securities upgraded shares of Casa Systems from a market perform rating to an outperform rating and increased their target price for the stock from $4.00 to $5.00 in a research note on Tuesday, January 17th.

Casa Systems Stock Performance

Shares of CASA stock opened at $1.29 on Thursday. The firm’s 50 day moving average is $3.45 and its 200 day moving average is $3.20. Casa Systems has a 12 month low of $1.27 and a 12 month high of $7.18.

Hedge Funds Weigh In On Casa Systems

Several institutional investors and hedge funds have recently made changes to their positions in CASA. SG Americas Securities LLC bought a new position in shares of Casa Systems during the 3rd quarter valued at $44,000. Prelude Capital Management LLC bought a new stake in Casa Systems in the 3rd quarter worth $45,000. Alhambra Investment Partners LLC bought a new stake in Casa Systems in the 4th quarter worth $57,000. Balyasny Asset Management LLC bought a new stake in Casa Systems in the 3rd quarter worth $64,000. Finally, PDT Partners LLC grew its holdings in Casa Systems by 37.4% in the 3rd quarter. PDT Partners LLC now owns 20,898 shares of the company’s stock worth $65,000 after acquiring an additional 5,690 shares during the last quarter. Institutional investors own 63.03% of the company’s stock.

Casa Systems Company Profile

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Casa Systems, Inc engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, Wi-Fi networks, and Casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.

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