Tech Stocks Touched New Highs: Shenandoah Telecommunications Company (NASDAQ:SHEN), GSI Group (NASDAQ:GSIG), Mavenir Systems (NYSE:MVNR), Brooks Automation (NASDAQ:BRKS)



Shenandoah Telecommunications Company (NASDAQ:SHEN) EVP Earle Mackenzie sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $32.06, for a total transaction of $577,080.00. Shenandoah Telecommunications Company (NASDAQ:SHEN) stock performance was -0.54% in last session and finished the day at $33.27. Traded volume was 237,975.00million shares in the last session and the average volume of the stock remained 86.49K shares. The beta of the stock remained 1.21. Shenandoah Telecommunications Company (NASDAQ:SHEN) insider ownership is 2.40%.

GSI Group Inc. (USA) (NASDAQ: GSIG), a leading global supplier of precision photonics and motion control components and subsystems to the medical, industrial, electronics and scientific markets, announced the closing of its acquisition of JADAK LLC and JADAK Technologies Inc. (together, “JADAK”), a North Syracuse, New York-based provider of optical data collection and machine vision technologies to medical device original equipment manufacturers (“OEM’s”), for $93.5 million in cash. As a result of this transaction, JADAK is now a wholly owned subsidiary of GSI. GSI Group Inc. (USA) (NASDAQ:GSIG) dropped -1.38 percent to $12.87 Monday on volume of 93,158.00million shares. The intra-day range of the stock was $12.58 to $13.21. GSI Group Inc. (USA) (NASDAQ:GSIG) has a market capitalization of $437.81million.

Stock analysts at Deutsche Bank lifted their price objective on shares of Mavenir Systems Inc (NASDAQ:MVNR) from $15.00 to $20.00 in a report issued on Thursday, Analyst Ratings Newsreports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 10.99% from the company’s current price. Mavenir Systems Inc (NYSE:MVNR)’s stock on Mar 24, 2014 reported a increase of 2.39% to the closing price of $18.45. Its fifty two weeks range is $8.50 -$18.78. The total market capitalization recorded $432.11million. The overall volume in the last trading session was 84.1K shares. In its share capital, MVNR has 13.08million outstanding shares.

Brooks Automation, Inc. (USA) (NASDAQ:BRKS) has disclosed in a 8-K filing that the company has entered into a definitive agreement related to Asset Purchase with MKS Instruments, Inc. Following this agreement, Brooks has accepted to sell its assets that are specifically attached to its Granville-Phillips instrumentation business to MKS Instrument. On Monday, shares of Brooks Automation, Inc. (USA) (NASDAQ:BRKS) dropped -0.52% to close the day at $11.38. Company return on investment (ROI) is -1.10% and its monthly performance is recorded as 11.46%. Brooks Automation, Inc. (USA) (NASDAQ:BRKS) quarterly revenue growth is 11.90%.

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