Institutional investors purchased a net $284.3 thousand shares of TESS during the quarter ended December 2012. This may signal that the smart money is gaining interest in this company as the 54.96% of the shares outstanding that institutional investors hold is among the lowest in the Telecommunications Equipment industry.
| Individual stakeholders | 51.39% |
| Other institutional | 34.12% |
| Mutual fund holders | 20.83% |