Susquehanna International Group Llp Lowers stake in NetScout Systems (NTCT)

NetScout Systems (NTCT) : Susquehanna International Group Llp reduced its stake in NetScout Systems by 8.44% during the most recent quarter end. The investment management company now holds a total of 4,912,933 shares of NetScout Systems which is valued at $137,906,029 after selling 452,647 shares in NetScout Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NetScout Systems makes up approximately 0.75% of Susquehanna International Group Llp’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al boosted its stake in NTCT in the latest quarter, The investment management firm added 6,600 additional shares and now holds a total of 16,900 shares of NetScout Systems which is valued at $474,383. NetScout Systems makes up approx 0.02% of Tudor Investment Corp Et Al’s portfolio.Fmr boosted its stake in NTCT in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 270,300 shares of NetScout Systems which is valued at $7,587,321.Vanguard Group Inc boosted its stake in NTCT in the latest quarter, The investment management firm added 578,933 additional shares and now holds a total of 7,101,500 shares of NetScout Systems which is valued at $199,339,105. NetScout Systems makes up approx 0.01% of Vanguard Group Inc’s portfolio.Simplex Trading reduced its stake in NTCT by selling 2,136 shares or 69.15% in the most recent quarter. The Hedge Fund company now holds 953 shares of NTCT which is valued at $23,777.

NetScout Systems opened for trading at $29.53 and hit $29.73 on the upside on Thursday, eventually ending the session at $29.73, with a gain of 0.51% or 0.15 points. The heightened volatility saw the trading volume jump to 6,14,436 shares. Company has a market cap of $2,735 M.

On the company’s financial health, NetScout Systems reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.25. The company had revenue of $269.00 million for the quarter, compared to analysts expectations of $269.33 million. The company’s revenue was up 167.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on NetScout Systems. Pacific Crest Initiated NetScout Systems on Jul 28, 2016 to “Overweight”, Price Target of the shares are set at $31.

NetScout Systems Inc. is a provider of network application and service assurance solutions. The Company provides performance analytics that help enterprise government and service provider customers manage service delivery and identify emerging performance problems. The Company designs develops manufactures markets licenses sells and supports the products in hardware and software solutions that are used by commercial enterprises governmental agencies and telecommunication service providers. The Company has three primary customer groups; enterprise customers service provider customers and government customers. The Company’s products include nGeniusONE Service Assurance Solution nGenius Intelligent Data Sources nGenius Packet Flow Switches and Taps NetScout Test Optimization Products and nGenius NetFlow Solutions.

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