Nomura Asset Management Co. Ltd. purchased a new stake in Avaya Holdings Corp (NYSE:AVYA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 127,437 shares of the company’s stock, valued at approximately $2,855,000. Nomura Asset Management Co. Ltd. owned 0.12% of Avaya as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Penn Capital Management Co. Inc. bought a new stake in Avaya in the 1st quarter valued at $3,746,000. Prescott Group Capital Management L.L.C. bought a new stake in Avaya in the 1st quarter valued at $4,838,000. JPMorgan Chase & Co. bought a new stake in Avaya in the 1st quarter valued at $215,768,000. River Road Asset Management LLC bought a new stake in Avaya in the 1st quarter valued at $37,996,000. Finally, Symphony Asset Management LLC bought a new stake in Avaya in the 1st quarter valued at $70,401,000. 87.93% of the stock is owned by institutional investors.

AVYA has been the topic of several research reports. Zacks Investment Research raised shares of Avaya from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, May 14th. BWS Financial initiated coverage on shares of Avaya in a research report on Thursday, February 22nd. They issued a “buy” rating and a $32.00 price objective on the stock.

AVYA opened at $21.75 on Wednesday. Avaya Holdings Corp has a 12 month low of $15.63 and a 12 month high of $23.76. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.88 and a current ratio of 0.97.

Avaya Company Profile

Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California. On January 19, 2017, Avaya Holdings Corp.

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Institutional Ownership by Quarter for Avaya (NYSE:AVYA)

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