Shamrock continues to build stake in Websense

By Lisa Kerner

Charlotte, N.C., Feb. 14 - Investors led by Shamrock Activist Value Fund, LP added to their ownership interest in Websense Inc. with the purchase of an additional 600,000 shares of the company's stock.

With the purchase, the investors increased their stake in the company to 8.62% from 7.30%.

The shares were purchased between Jan. 16 and Feb. 13 for about $11.11 million, or an average of $18.51 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

Shamrock beneficially owns 3,911,965 shares of the San Diego web filtering solutions company.

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