Hedge Funds Are Buying RadiSys Corporation (RSYS)

RadiSys Corporation (NASDAQ:RSYS) was in 8 hedge funds’ portfolio at the end of December. RSYS has seen an increase in enthusiasm from smart money in recent months. There were 7 hedge funds in our database with RSYS positions at the end of the previous quarter.

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Now, we’re going to take a peek at the latest action surrounding RadiSys Corporation (NASDAQ:RSYS).

How have hedgies been trading RadiSys Corporation (NASDAQ:RSYS)?

At the end of the fourth quarter, a total of 8 of the hedge funds we track were long in this stock, a change of 14% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their holdings meaningfully.

Of the funds we track, David Nierenberg’s Nierenberg Investment Management had the largest position in RadiSys Corporation (NASDAQ:RSYS), worth close to $13.5 million, accounting for 9.2% of its total 13F portfolio. The second largest stake is held by Royce & Associates, managed by Chuck Royce, which held a $3.9 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining hedge funds that are bullish include Jim Simons’s Renaissance Technologies, D. E. Shaw’s D E Shaw and David Cohen and Harold Levy’s Iridian Asset Management.

As industrywide interest jumped, some big names have jumped into RadiSys Corporation (NASDAQ:RSYS) headfirst. Wexford Capital, managed by Charles Davidson, established the largest position in RadiSys Corporation (NASDAQ:RSYS). Wexford Capital had 0.1 million invested in the company at the end of the quarter.

How are insiders trading RadiSys Corporation (NASDAQ:RSYS)?

Insider buying is best served when the company in question has experienced transactions within the past six months. Over the latest six-month time frame, RadiSys Corporation (NASDAQ:RSYS) has experienced 1 unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to RadiSys Corporation (NASDAQ:RSYS). These stocks are Lexmark International Inc (NYSE:LXK), Ruckus Wireless Inc (NYSE:RKUS), XRS Corp (NASDAQ:XRSC), Omnicell, Inc. (NASDAQ:OMCL), and Concurrent Computer Corp (NASDAQ:CCUR). This group of stocks belong to the computer based systems industry and their market caps are similar to RSYS’s market cap.