Marshall Wace LLP Grows Position in Ceragon Networks Ltd. (NASDAQ:CRNT)

Marshall Wace LLP raised its stake in shares of Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) by 598.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 703,091 shares of the communications equipment provider's stock after purchasing an additional 602,383 shares during the period. Marshall Wace LLP owned 0.82% of Ceragon Networks worth $3,283,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in Ceragon Networks during the 4th quarter worth $58,000. Bravias Capital Group LLC acquired a new position in Ceragon Networks during the fourth quarter worth about $71,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Ceragon Networks during the 4th quarter valued at about $81,000. Perigon Wealth Management LLC acquired a new stake in Ceragon Networks in the 4th quarter valued at about $90,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Ceragon Networks during the 3rd quarter valued at about $104,000. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

Ceragon Networks Stock Performance

CRNT stock traded up $0.11 during midday trading on Thursday, hitting $2.29. 314,660 shares of the stock were exchanged, compared to its average volume of 1,054,690. The stock's 50-day moving average price is $2.38 and its 200-day moving average price is $3.38. The stock has a market cap of $203.21 million, a price-to-earnings ratio of 8.46 and a beta of 1.60. Ceragon Networks Ltd. has a fifty-two week low of $1.95 and a fifty-two week high of $5.73.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Craig Hallum started coverage on shares of Ceragon Networks in a report on Thursday, March 13th. They issued a "buy" rating and a $5.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $6.00 price target on shares of Ceragon Networks in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Ceragon Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.38.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.