Rockshelter Capital Management buys $13,416,393 stake in NetScout Systems (NTCT)

NetScout Systems (NTCT) : Rockshelter Capital Management scooped up 168,790 additional shares in NetScout Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 477,962 shares of NetScout Systems which is valued at $13,416,393.NetScout Systems makes up approximately 4.30% of Rockshelter Capital Management’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management boosted its stake in NTCT in the latest quarter, The investment management firm added 5,575 additional shares and now holds a total of 298,340 shares of NetScout Systems which is valued at $8,374,404. NetScout Systems makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Advantus Capital Management Inc reduced its stake in NTCT by selling 1,933 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 11,355 shares of NTCT which is valued at $318,735. NetScout Systems makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.Brown Capital Management reduced its stake in NTCT by selling 45,128 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 7,100,000 shares of NTCT which is valued at $198,303,000. NetScout Systems makes up approx 2.99% of Brown Capital Management’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.Creative Planning boosted its stake in NTCT in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 33,799 shares of NetScout Systems which is valued at $808,472. NetScout Systems makes up approx 0.01% of Creative Planning’s portfolio.

NetScout Systems opened for trading at $29.09 and hit $29.71 on the upside on Tuesday, eventually ending the session at $29.7, with a gain of 2.24% or 0.65 points. The heightened volatility saw the trading volume jump to 8,00,928 shares. Company has a market cap of $2,732 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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