NetScout Systems (NTCT) : Dalton Greiner Hartman Maher Co added new position in NetScout Systems during the most recent quarter end. The investment management firm now holds 461,005 shares of NetScout Systems which is valued at $12,995,731 , the company said in a statement filed on Oct 13, 2016 with the SEC.NetScout Systems makes up approximately 0.86% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in NTCT in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 329 shares of NetScout Systems which is valued at $9,275.Legal General Group Plc reduced its stake in NTCT by selling 865 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 24,521 shares of NTCT which is valued at $691,737.Creative Planning boosted its stake in NTCT in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 33,924 shares of NetScout Systems which is valued at $956,996. NetScout Systems makes up approx 0.01% of Creative Planning’s portfolio. Cutler Group Lp added NTCT to its portfolio by purchasing 1,561 company shares during the most recent quarter which is valued at $44,941. First Mercantile Trust Co sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 15,700 shares of NTCT which is valued $451,218.
NetScout Systems closed down -0.58 points or -2.01% at $28.21 with 8,55,279 shares getting traded on Tuesday. Post opening the session at $28.62, the shares hit an intraday low of $27.95 and an intraday high of $28.62 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.