Pivot Point Capital Partners Exits Position in NetScout Systems (NTCT)

NetScout Systems (NTCT) : Pivot Point Capital Partners has sold out all of its stake in NetScout Systems during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 246,704 shares of NetScout Systems which is valued at $5.6 Million.

Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in NTCT by selling 151,773 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 6,522,567 shares of NTCT which is valued at $149.2 Million. NetScout Systems makes up approx 0.01% of Vanguard Group Inc’s portfolio.Zebra Capital Management boosted its stake in NTCT in the latest quarter, The investment management firm added 9,473 additional shares and now holds a total of 33,764 shares of NetScout Systems which is valued at $772,183. NetScout Systems makes up approx 0.31% of Zebra Capital Management’s portfolio.Wesbanco Bank Inc boosted its stake in NTCT in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 29,900 shares of NetScout Systems which is valued at $683,813. NetScout Systems makes up approx 0.04% of Wesbanco Bank Inc’s portfolio. Ridgeworth Capital Management sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 312 shares of NTCT which is valued $7,135. Whv Investments sold out all of its stake in NTCT during the most recent quarter. The investment firm sold 11,445 shares of NTCT which is valued $261,747.

NetScout Systems closed down -0.11 points or -0.46% at $23.65 with 9,68,758 shares getting traded on Wednesday. Post opening the session at $23.86, the shares hit an intraday low of $23.54 and an intraday high of $24 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, NetScout Systems reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.42. The company had revenue of $285.88 million for the quarter, compared to analysts expectations of $299.15 million. The company’s revenue was up 139.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 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 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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