Kopp buys close to 800,000 shares of Network Equipment Technologies

By Lisa Kerner

Charlotte, N.C., March 28 - Kopp Investment Advisors, LLC increased its ownership interest in Network Equipment Technologies, Inc. to 11.49% from 8.45%, according to a schedule 13D filing with the Securities and Exchange Commission.

The investor purchased 793,405 additional shares of the company's stock between March 1 and March 20 priced from $5.21 to $6.72 per share.

Kopp beneficially owns 3,144,725 shares of Network Equipment Technologies, a Fremont, Calif., provider of voice and data communications equipment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.