BNP Paribas Arbitrage SA increased its position in shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) by 49.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,055 shares of the communications equipment provider’s stock after purchasing an additional 3,972 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of Comtech Telecommunications Corp. worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMTL. Wells Fargo & Company MN lifted its position in Comtech Telecommunications Corp. by 5.1% during the first quarter. Wells Fargo & Company MN now owns 18,967 shares of the communications equipment provider’s stock worth $280,000 after purchasing an additional 913 shares during the period. Great West Life Assurance Co. Can lifted its position in Comtech Telecommunications Corp. by 11.7% during the first quarter. Great West Life Assurance Co. Can now owns 32,948 shares of the communications equipment provider’s stock worth $485,000 after purchasing an additional 3,444 shares during the period. Bank of New York Mellon Corp lifted its position in Comtech Telecommunications Corp. by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 715,651 shares of the communications equipment provider’s stock worth $10,548,000 after purchasing an additional 43,589 shares during the period. Comerica Bank lifted its position in Comtech Telecommunications Corp. by 5.2% during the first quarter. Comerica Bank now owns 25,963 shares of the communications equipment provider’s stock worth $369,000 after purchasing an additional 1,273 shares during the period. Finally, Swiss National Bank lifted its position in Comtech Telecommunications Corp. by 10.9% during the first quarter. Swiss National Bank now owns 38,800 shares of the communications equipment provider’s stock worth $572,000 after purchasing an additional 3,800 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have commented on CMTL shares. ValuEngine raised Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BidaskClub raised Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research raised Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, July 17th. Northland Securities set a $22.00 target price on Comtech Telecommunications Corp. and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Noble Financial reissued a “buy” rating on shares of Comtech Telecommunications Corp. in a research note on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.42.

Comtech Telecommunications Corp. (CMTL) opened at 20.59 on Friday. Comtech Telecommunications Corp. has a 1-year low of $9.52 and a 1-year high of $20.82. The firm has a market cap of $485.31 million, a P/E ratio of 41.43 and a beta of 1.91. The stock has a 50 day moving average price of $19.22 and a 200 day moving average price of $16.68.

About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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Institutional Ownership by Quarter for Comtech Telecommunications Corp. (NASDAQ:CMTL)

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