Clearbridge Investments LLC Increases Stake in Rapid7 Inc (NASDAQ:RPD)

Clearbridge Investments LLC boosted its position in shares of Rapid7 Inc (NASDAQ:RPD) by 843,883.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 557,029 shares of the technology company’s stock after purchasing an additional 556,963 shares during the quarter. Clearbridge Investments LLC owned about 1.18% of Rapid7 worth $20,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RPD. Rhumbline Advisers raised its stake in Rapid7 by 40.9% during the 2nd quarter. Rhumbline Advisers now owns 34,349 shares of the technology company’s stock worth $969,000 after acquiring an additional 9,963 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Rapid7 by 40.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 200,728 shares of the technology company’s stock worth $5,665,000 after acquiring an additional 58,205 shares during the period. BlackRock Inc. raised its stake in Rapid7 by 64.5% during the 2nd quarter. BlackRock Inc. now owns 2,557,393 shares of the…