Bourgeon Capital Management Lowers stake in FalconStor Software (FALC)

FalconStor Software (FALC) : Bourgeon Capital Management reduced its stake in FalconStor Software by 1.8% during the most recent quarter end. The investment management company now holds a total of 743,691 shares of FalconStor Software which is valued at $847,808 after selling 13,669 shares in FalconStor Software , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.FalconStor Software makes up approximately 0.52% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , First Manhattan Co boosted its stake in FALC in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 122,406 shares of FalconStor Software which is valued at $126,078.

FalconStor Software closed down -0.07 points or -6.54% at $1 with 85,084 shares getting traded on Monday. Post opening the session at $1.0703, the shares hit an intraday low of $0.999 and an intraday high of $1.0703 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

FalconStor Software Inc. provides a platform for data migration business continuity disaster recovery optimized backup and deduplication. The Company helps in data availability and system uptime while simplifying data management. Its storage platform for unified data services is FreeStor. FreeStor’s unified platform provides migration continuity protection recovery and optimization for a storage environment through a management interface for a price based on managed capacity across arrays servers hypervisors data centers and the cloud. Its Intelligent Abstraction core provides a scalable storage hypervisor with a data services engine and automation. Its Business Continuity and Disaster Recovery products include network storage server (NSS) and continuous data protector (CDP). Its Backup Optimization with Deduplication products include the virtual tape library (VTL) and file-interface deduplication system (FDS) solutions.

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