Glenhill Advisors Discloses 5.2% Stake in Blue Coat Systems (BCSI)

June 23, 2008 10:14 AM EDT

In a 13G filing after the close Friday on Blue Coat Systems (Nasdaq: BCSI), Glenhill Advisors disclosed a 5.2% stake (2,000,000 shares) in the company. The firm did not show a stake in Blue Coat at the quarter ended 03/31/08.

Blue Coat Systems, Inc. provides hardware appliances and software for controlling and securing Web-based communications in the secure Internet gateway and WAN application delivery markets worldwide. Shares of Blue Coat are trading near 52-week low levels.

Glenhill Advisors LLC, run by Glenn J. Krevlin, is a multi-billion dollar hedge fund based in New York. The fund has been known to take an activist stance on some of its larger bets.


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