Public Sector Pension Investment Board held its position in Tangoe Inc (NASDAQ:TNGO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,461 shares of the technology company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board’s holdings in Tangoe were worth $130,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its stake in shares of Tangoe by 6.4% in the fourth quarter. Comerica Bank now owns 24,812 shares of the technology company’s stock worth $199,000 after buying an additional 1,496 shares during the period. Russell Investments Group Ltd. purchased a new stake in Tangoe during the fourth quarter worth $228,000. Citadel Advisors LLC increased its stake in Tangoe by 17.0% in the third quarter. Citadel Advisors LLC now owns 30,628 shares of the technology company’s stock worth $253,000 after buying an additional 4,446 shares during the last quarter. TD Asset Management Inc. increased its stake in Tangoe by 26.2% in the third quarter. TD Asset Management Inc. now owns 69,501 shares of the technology company’s stock worth $573,000 after buying an additional 14,412 shares during the last quarter. Finally, State Street Corp increased its stake in Tangoe by 4.6% in the fourth quarter. State Street Corp now owns 664,055 shares of the technology company’s stock worth $5,230,000 after buying an additional 29,222 shares during the last quarter. 59.22% of the stock is owned by institutional investors and hedge funds.
Shares of Tangoe Inc (NASDAQ:TNGO) traded up 0.19% during mid-day trading on Friday, reaching $5.26. The company’s stock had a trading volume of 128,015 shares. The company has a 50-day moving average price of $5.31 and a 200 day moving average price of $7.13. The company’s market cap is $207.40 million. Tangoe Inc has a 52-week low of $4.50 and a 52-week high of $10.39.
Separately, TheStreet downgraded Tangoe from a “c-” rating to a “d+” rating in a research report on Wednesday, February 22nd.
Tangoe Company Profile
Tangoe, Inc is a provider of information technology (IT) and Telecom Expense Management (TEM) software and related services. The Company offers its services to a range of global enterprises and service providers. Its products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS).
