Bank of Montreal Can Grows Stake in Vocera Communications Inc (VCRA)

Bank of Montreal Can lifted its position in shares of Vocera Communications Inc (NYSE:VCRA) by 26.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,105 shares of the communications equipment provider’s stock after buying an additional 12,948 shares during the quarter. Bank of Montreal Can owned approximately 0.21% of Vocera Communications worth $2,273,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. United Services Automobile Association purchased a new stake in Vocera Communications during the 2nd quarter worth about $210,000. California Public Employees Retirement System purchased a new stake in Vocera Communications during the 2nd quarter worth about $231,000. Laurion Capital Management LP purchased a new stake in Vocera Communications during the 2nd quarter worth about $234,000. Aristeia Capital LLC purchased a new stake in Vocera Communications during the 2nd quarter worth about $278,000. Finally, Envestnet Asset Management Inc. increased its position in Vocera Communications by 22.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,419 shares of the communications equipment provider’s stock worth $311,000 after purchasing an additional 1,887 shares in the last quarter.

A number of research firms recently commented on VCRA. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, October 24th. Piper Jaffray Companies dropped their price objective on Vocera Communications from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price objective on shares of Vocera Communications in a research report on Tuesday, August 21st. Jefferies Financial Group initiated coverage on Vocera Communications in a report on Wednesday, September 19th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Chardan Capital lifted their price target on Vocera Communications from $35.00 to $47.00 and gave the company a “buy” rating in a report on Friday, July 27th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $37.10.

In other news, General Counsel Douglas Alan Carlen sold 3,000 shares of Vocera Communications stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $31.08, for a total value of $93,240.00. Following the transaction, the general counsel now directly owns 78,517 shares of the company’s stock, valued at approximately $2,440,308.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sharon O’keefe sold 4,000 shares of Vocera Communications stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $33.86, for a total value of $135,440.00. Following the completion of the transaction, the director now directly owns 49,727 shares in the company, valued at $1,683,756.22. The disclosure for this sale can be found here. Insiders sold a total of 67,429 shares of company stock valued at $2,315,916 in the last 90 days. 4.90% of the stock is owned by company insiders.

VCRA opened at $35.97 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 4.46. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -119.90 and a beta of 0.16. Vocera Communications Inc has a 12 month low of $22.43 and a 12 month high of $36.95.

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Vocera Communications Company Profile

Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.

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Institutional Ownership by Quarter for Vocera Communications (NYSE:VCRA)

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