Vista Equity Partners Management buys $8,758,703 stake in ShoreTel Inc (SHOR)

ShoreTel Inc (SHOR) : Vista Equity Partners Management scooped up 869,597 additional shares in ShoreTel Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,260,245 shares of ShoreTel Inc which is valued at $8,758,703.ShoreTel Inc makes up approximately 6.28% of Vista Equity Partners Management’s portfolio.

Other Hedge Funds, Including , Group One Trading boosted its stake in SHOR in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 13,066 shares of ShoreTel Inc which is valued at $90,155. ShoreTel Inc makes up approx 0.01% of Group One Trading’s portfolio.Blackrock Investment Management reduced its stake in SHOR by selling 736 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 275,724 shares of SHOR which is valued at $1,764,634. Airain Ltd added SHOR to its portfolio by purchasing 32,114 company shares during the most recent quarter which is valued at $205,530. ShoreTel Inc makes up approx 0.01% of Airain Ltd’s portfolio.New York State Common Retirement Fund boosted its stake in SHOR in the latest quarter, The investment management firm added 341,439 additional shares and now holds a total of 400,239 shares of ShoreTel Inc which is valued at $2,561,530.

ShoreTel Inc (SHOR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $7.15 and reached the intraday high at $7.25. The bulls started the profit booking and pushed the shares to intraday low of $7. The trading session was marked by a volume range of 4,41,744 shares exchanging hands. The 52-week high of the shares is $10.56 and the 52-week low is $5.83. The market cap of the company stands at $482 M and there are 6,79,44,678 shares in public circulation.

On the company’s financial health, ShoreTel Inc reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $-0.01. The company had revenue of $86.30 million for the quarter, compared to analysts expectations of $89.05 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Shoretel Inc. (ShoreTel) is engaged in the design development marketing and sale of business communication solutions. The Company provides business communication solutions including integrated voice video data and mobile applications based on Internet protocol (IP) technologies. It is focused on the small and medium sized businesses (less than 5000 users) with a Unified Communications platform. It provides ShoreTel solution through multiple deployment options as well as a set of applications and services for both premise and hosted deployment models consisting of ShoreTel IP Telephony ShoreTel Unified Communications ShoreTel Contact Center ShoreTel Mobility and professional services including ShoreTel Global Services and application and development professional services. It offers services including soft-switch services for ShoreTel IP Telephony as well as integrated software modules for business intelligence analytics and reporting.

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