Kohlberg Kravis Roberts adds NetScout Systems (NTCT) to its portfolio

NetScout Systems (NTCT) : Kohlberg Kravis Roberts added new position in NetScout Systems during the most recent quarter end. The investment management firm now holds 744,213 shares of NetScout Systems which is valued at $20,890,059 , the company said in a statement filed on Aug 15, 2016 with the SEC.NetScout Systems makes up approximately 0.20% of Kohlberg Kravis Roberts’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in NTCT in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 626 shares of NetScout Systems which is valued at $17,572.Texas Permanent School Fund reduced its stake in NTCT by selling 7,270 shares or 9.21% in the most recent quarter. The Hedge Fund company now holds 71,689 shares of NTCT which is valued at $2,012,310. NetScout Systems makes up approx 0.03% of Texas Permanent School Fund’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in NTCT in the latest quarter, The investment management firm added 27,897 additional shares and now holds a total of 2,798,130 shares of NetScout Systems which is valued at $78,543,509. NetScout Systems makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Fny Managed Accounts sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 15,000 shares of NTCT which is valued $382,800.Catawba Capital Management Va reduced its stake in NTCT by selling 398 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 78,043 shares of NTCT which is valued at $1,947,173. NetScout Systems makes up approx 0.46% of Catawba Capital Management Va’s portfolio.

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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