Acme Packet, Inc. (NASDAQ:APKT) is being acquired by Oracle Corp (NASDAQ:ORCL) in a $2.1 billion deal that pays $29.25 in cash for every share held in the company. “Acme Packet brings deep domain expertise and proven, mission-critical solutions to enable all IP networks,” said Andy Ory, Chief Executive Officer of Acme Packet. “Together with Oracle, we expect to provide customers with purpose-built, innovative solutions to accelerate the deployment of all IP networks and help deliver a superior experience across services, devices and networks.” Acme Packet reported fourth quarter earnings of $0.09 and revenue of $70.7 million which beat by $0.01 and $2 million, respectively.
Will Acme Packet, Inc.’s shareholders increase their holdings? They reported owning a total of 9.566 million shares on 12/31/2012. The shares closed at $22.12 on 12/31/2012.
Here are the eight largest positions in Acme Packet, Inc. at the end of December 31st, 2012.
Vanguard Group Inc. held 3,160,173 shares on 12/31/2012 worth $69,903,029. This brought the portfolio total to 0.01%.
AllianceBernstein L.P. held 1,852,434 shares on 12/31/2012 worth $40,975,842. This brought the portfolio total to 0.05%.
Bank of New York Mellon Corp. held 1,405,595 shares on 12/31/2012 worth $31,091,763. This brought the portfolio total to 0.01%.
Granahan Investment Management Inc./MA held 791,400 shares on 12/31/2012 worth $17,505,769. This brought the portfolio total to 0.64%.
State of New Jersey Common Pension Fund A held 250,000 shares on 12/31/2012 worth $5,530,000. This brought the portfolio total to 0.03%.
Fisher Asset Management LLC. held 206,475 shares on 12/31/2012 worth $4,567,227. This brought the portfolio total to 0.01%.
Eagle Asset Management Inc. held 142,152 shares on 12/31/2012 worth $3,144,402. This brought the portfolio total to 0.02%.
Quantitative Investment Management LLC. held 136,100 shares on 12/31/2012 worth $3,010,532. This brought the portfolio total to 0.11%.
Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More
There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more
At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more