Kennedy Capital Management Inc. purchased a new stake in shares of Tangoe Inc (NASDAQ:TNGO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 287,771 shares of the technology company’s stock, valued at approximately $1,873,000.

Separately, Dynamic Technology Lab Private Ltd bought a new position in Tangoe during the 1st quarter valued at approximately $128,000. 59.22% of the stock is owned by hedge funds and other institutional investors.

Tangoe Inc (TNGO) opened at 6.35 on Wednesday. Tangoe Inc has a 52-week low of $4.50 and a 52-week high of $10.39. The firm’s 50-day moving average price is $6.45 and its 200-day moving average price is $6.30.

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Tangoe Profile

Tangoe, Inc is a provider of information technology (IT) and Telecom Expense Management (TEM) software and related services. The Company offers its services to a range of global enterprises and service providers. Its products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS).

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Institutional Ownership by Quarter for Tangoe (NASDAQ:TNGO)

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