Longfellow Investment Management Co. LLC Acquires New Stake in Demandware Inc (DWRE)
Longfellow Investment Management Co. LLC acquired a new position in Demandware Inc (NYSE:DWRE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 185,000 shares of the company’s stock, valued at approximately $13,856,000. Demandware comprises about 4.9% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its largest position.
Several other hedge funds have also recently added to or reduced their stakes in DWRE. BNP Paribas Arbitrage SA raised its position 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 in the last quarter. Menta Capital LLC bought a new position in shares of Demandware during the first quarter worth about $231,000. BlackRock Inc. raised its position 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 in the last quarter. Sterling Ridge Capital Management LP bought a new position in shares of Demandware during the first quarter worth about $479,000. Finally, Havens Advisors LLC acquired a new position in Demandware during the second quarter valued at $869,000.
Demandware Inc (NYSE:DWRE) remained flat at $74.97 during mid-day trading on Tuesday. Demandware Inc has a 12 month low of $26.47 and a 12 month high of $75.90. The company has a 50-day moving average price of $69.67 and a 200-day moving average price of $48.09.
Separately, TheStreet upgraded shares of 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 a consensus 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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