Van Berkom Associates Exits Position in NetScout Systems (NTCT)

NetScout Systems (NTCT) : Van Berkom Associates has sold out all of its stake in NetScout Systems during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 957,017 shares of NetScout Systems which is valued at $21,819,988.

NetScout Systems opened for trading at $22.54 and hit $22.82 on the upside on Wednesday, eventually ending the session at $22.81, with a gain of 0.93% or 0.21 points. The heightened volatility saw the trading volume jump to 8,53,374 shares. Company has a market cap of $2,248 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 11,600 shares of NTCT which is valued $264,480.Simplex Trading boosted its stake in NTCT in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 3,089 shares of NetScout Systems which is valued at $69,750. NetScout Systems makes up approx 0.01% of Simplex Trading’s portfolio. Santa Fe Partners sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 8,438 shares of NTCT which is valued $190,530. Lenox Wealth Advisors sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 23 shares of NTCT which is valued $519.Creative Planning reduced its stake in NTCT by selling 4,000 shares or 10.63% in the most recent quarter. The Hedge Fund company now holds 33,614 shares of NTCT which is valued at $769,761. NetScout Systems makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, NetScout Systems reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.40. The company had revenue of $307.70 million for the quarter, compared to analysts expectations of $307.02 million. The company’s revenue was up 150.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on NetScout Systems. RBC Capital Mkts Resumed NetScout Systems on Apr 12, 2016 to “Outperform”, Price Target of the shares are set at $28.NetScout Systems was Downgraded by Needham to ” Hold” on Jan 29, 2016.

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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