Voya Investment Management LLC lifted its position in shares of ShoreTel Inc (NASDAQ:SHOR) by 11.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,161 shares of the communications equipment provider’s stock after buying an additional 4,363 shares during the period. Voya Investment Management LLC owned approximately 0.06% of ShoreTel worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. increased its holdings in shares of ShoreTel by 7.1% during the 1st quarter. American International Group Inc. now owns 41,452 shares of the communications equipment provider’s stock worth $255,000 after buying an additional 2,757 shares during the last quarter. Sarbit Advisory Services Inc. acquired a new stake in shares of ShoreTel during the 2nd quarter worth approximately $1,740,000. Fox Run Management L.L.C. acquired a new stake in shares of ShoreTel during the 2nd quarter worth approximately $179,000. Vanguard Group Inc. increased its holdings in shares of ShoreTel by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 3,352,212 shares of the communications equipment provider’s stock worth $20,616,000 after buying an additional 349,040 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of ShoreTel by 5.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 256,070 shares of the communications equipment provider’s stock worth $1,575,000 after buying an additional 14,145 shares during the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.

SHOR has been the subject of a number of recent analyst reports. Sidoti downgraded shares of ShoreTel from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. William Blair downgraded shares of ShoreTel from an “outperform” rating to a “market perform” rating in a report on Thursday, July 27th. Lake Street Capital downgraded shares of ShoreTel from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a report on Monday, July 31st. BidaskClub upgraded shares of ShoreTel from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Northland Securities downgraded shares of ShoreTel from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $10.00 to $7.50 in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.17.

Shares of ShoreTel Inc (SHOR) opened at $7.50 on Friday. ShoreTel Inc has a 1-year low of $5.55 and a 1-year high of $8.41.

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ShoreTel Profile

ShoreTel, Inc is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose.

Institutional Ownership by Quarter for ShoreTel (NASDAQ:SHOR)

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