Waddell & Reed Financial Has Increased By $26.02 Million Its Broadsoft (BSFT) Position; Frontline Ltd. (FRO) Had 4 Analysts Last Week

May 26, 2017 - By Michael Collier

Among 7 analysts covering Frontline Ltd. (NYSE:FRO), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Frontline Ltd. had 8 analyst reports since November 25, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, February 16 by Clarkson Capital. Deutsche Bank maintained Frontline Ltd. (NYSE:FRO) on Monday, January 4 with “Hold” rating. Clarkson Capital upgraded the shares of FRO in report on Tuesday, February 9 to “Buy” rating. Nordea upgraded the shares of FRO in report on Thursday, January 14 to “Buy” rating. The stock of Frontline Ltd. (NYSE:FRO) earned “Buy” rating by Seaport Global Securities on Thursday, December 17. The stock of Frontline Ltd. (NYSE:FRO) earned “Neutral” rating by Credit Suisse on Wednesday, November 25. The firm has “Buy” rating by DNB Markets given on Wednesday, January 13. The firm has “Neutral” rating given on Wednesday, May 4 by Seaport Global. See Frontline Ltd. (NYSE:FRO) latest ratings:

Waddell & Reed Financial Inc increased Broadsoft Inc (BSFT) stake by 177.86% reported in 2016Q4 SEC filing. Waddell & Reed Financial Inc acquired 634,610 shares as Broadsoft Inc (BSFT)’s stock declined 14.92%. The Waddell & Reed Financial Inc holds 991,410 shares with $40.90M value, up from 356,800 last quarter. Broadsoft Inc now has $1.22 billion valuation. The stock rose 0.65% or $0.25 reaching $38.7 per share. About 354,475 shares traded. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since May 26, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

Frontline Ltd. is a shipping company. The company has market cap of $970.64 million. The Firm is engaged in the seaborne transportation of crude oil and oil products. It has a 7.61 P/E ratio. The Company’s tankers segment includes crude oil tankers and product tankers.

About 2.73M shares traded or 301.52% up from the average. Frontline Ltd. (NYSE:FRO) has declined 16.06% since May 26, 2016 and is downtrending. It has underperformed by 32.76% the S&P500.

Waddell & Reed Financial Inc decreased Secureworks Corp stake by 82,700 shares to 238,000 valued at $2.52M in 2016Q4. It also reduced Boeing Co (NYSE:BA) stake by 92,100 shares and now owns 56,262 shares. Autozone Inc (NYSE:AZO) was reduced too.

Among 6 analysts covering Broadsoft (NASDAQ:BSFT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Broadsoft had 8 analyst reports since November 5, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 5 by Needham. Wells Fargo upgraded BroadSoft Inc (NASDAQ:BSFT) on Wednesday, January 20 to “Outperform” rating. On Friday, April 29 the stock rating was maintained by Dougherty & Company with “Buy”. The stock of BroadSoft Inc (NASDAQ:BSFT) has “Buy” rating given on Wednesday, September 28 by Jefferies. The rating was maintained by Needham on Tuesday, November 1 with “Buy”. Raymond James maintained it with “Strong Buy” rating and $51 target in Tuesday, August 2 report. Jefferies maintained the shares of BSFT in report on Tuesday, August 2 with “Buy” rating.

Since December 6, 2016, it had 0 insider buys, and 6 insider sales for $1.01 million activity. $92,120 worth of BroadSoft Inc (NASDAQ:BSFT) was sold by Markley John D. Jr. on Wednesday, February 22. Bernardi David had sold 5,000 shares worth $215,750 on Wednesday, March 1. Another trade for 6,446 shares valued at $290,070 was made by Tessler Michael on Tuesday, February 21. Dourgarian Dennis also sold $198,113 worth of BroadSoft Inc (NASDAQ:BSFT) on Tuesday, December 6. BEHBEHANI TAHER G. also sold $172,420 worth of BroadSoft Inc (NASDAQ:BSFT) shares.