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Kopp reports 12.5% stake in Network Equipment Technologies
By Lisa Kerner
Charlotte, N.C., May 30 - Kopp Investment Advisors, LLC increased its ownership interest in Network Equipment Technologies, Inc. to 12.5% from 11.49% through a series of buy and sell transactions between March 24 and May 23.
The shares were priced from $4.16 to $6.95 each, according to a schedule 13D filing with the Securities and Exchange Commission.
According to a prior SEC filing, Kopp-led investors purchased 793,405 shares of the company's stock between March 1 and March 20 priced from $5.21 to $6.72 per share.
Kopp beneficially owns 3,651,510 shares of Network Equipment Technologies, a Fremont, Calif., provider of voice and data communications equipment.
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