Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD).

SEC data indicate these insiders have sold Brocade Communications Systems, Inc.’s stock since 06/30/2011:

Fairfax Daniel W: act as CFO, VP of Finance(Click HERE for the list of stocks that their CFOs have bought). On 07/21/2011, sold 12,000 shares, worth $70,800.

Fairfax Daniel W: act as CFO, VP of Finance(Click HERE for the list of stocks that their CFOs have bought). On 11/23/2011, sold 12,000 shares, worth $59,900.

Fairfax Daniel W: act as CFO, VP of Finance(Click HERE for the list of stocks that their CFOs have bought). On 10/27/2011, sold 12,000 shares, worth $53,900.

Fairfax Daniel W: act as CFO, VP of Finance(Click HERE for the list of stocks that their CFOs have bought). On 09/22/2011, sold 12,000 shares, worth $48,100.

SEC data indicate that these institutions significantly reduced their stock shares of Brocade Communications Systems, Inc. in Q3 2011:

WESTFIELD CAPITAL MANAGEMENT CO LP: On 06/30/2011, held 11,649,755 shares, worth $75,257,417. On 09/30/2011, held 0 shares.

ALKEON CAPITAL MANAGEMENT LLC: On 06/30/2011, held 4,362,300 shares, worth $28,180,458. On 09/30/2011, held 0 shares.

LORD ABBETT & CO LLC: On 06/30/2011, held 3,247,783 shares, worth $20,980,678. On 09/30/2011, held 0 shares.

KEYBANK NATIONAL ASSOCIATION/OH: On 06/30/2011, held 2,817,259 shares, worth $18,199,493. On 09/30/2011, held 0 shares.

CONTOUR ASSET MANAGEMENT LLC: On 06/30/2011, held 2,700,000 shares, worth $17,442,000. On 09/30/2011, held 0 shares.

About the company: Brocade Communications Systems, Inc. provides switching solutions for storage area networks (NYSE:SAN). The Company’s switching solutions utilize the fiber channel interconnect protocol. Brocade’s family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN.

Competitors to Watch: EMC Corporation (NYSE:EMC), Emulex Corporation (NYSE:ELX), NetApp Inc. (NASDAQ:NTAP), Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSCO), Western Digital Corp. (NYSE:WDC), QLogic Corporation (NASDAQ:QLGC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), and Quantum Corporation (NYSE:QTM).

(Note: Data regarding Brocade Communications Systems, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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