STG UGP buys more Chordiant Software shares

By Angela McDaniels

Tacoma, Wash., Oct. 8 - Chordiant Software, Inc. investors led by STG UGP, LLC purchased 1.07 million shares of the company's stock between Aug. 19 and Sept. 24

The shares were priced from $4.30 to $5.95 each, according to a schedule 13D filed with the Securities and Exchange Commission.

With the purchases, the investors increased their stake in the company to 11.7% from 9.3%. They reported an initial stake of 7.6% on June 12.

The reporting persons beneficially own 3,528,175 shares of the Cupertino, Calif., software company.

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