Granite Point Capital Management LP Increased Facebook (FB) Position By $4.56 Million; Netscout Systems Has 1.06 Sentiment

January 13, 2018 - By Darrin Black

Granite Point Capital Management Lp increased Facebook Inc (FB) stake by 84.97% reported in 2017Q3 SEC filing. Granite Point Capital Management Lp acquired 26,850 shares as Facebook Inc (FB)’s stock rose 10.88%. The Granite Point Capital Management Lp holds 58,450 shares with $9.99 million value, up from 31,600 last quarter. Facebook Inc now has $521.22 billion valuation. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55M shares traded or 357.64% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

NetScout Systems, Inc. provides real-time operational intelligence and performance analytics for service assurance, and cybersecurity solutions in the United States, Europe, Asia, and internationally. The company has market cap of $2.40 billion. The firm offers nGeniusONE management software that enables clients to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its clients to analyze and troubleshoot traffic in radio access and WiFi networks, as well as gain timely insight into services, applications, and systems. It has a 151.37 P/E ratio. It also provides Intelligent Data Sources under the Infinistream brand name that provide real-time collection and analysis of data from the network; packet flow switching solutions that delivers targeted network traffic access to an increasing number of monitoring and security systems; and a suite of test access points that enable non-disruptive access to network traffic with multiple link type and speed options.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $1.32 million activity.

Analysts await NetScout Systems, Inc. (NASDAQ:NTCT) to report earnings on January, 30. They expect $0.56 earnings per share, up 5.66% or $0.03 from last year’s $0.53 per share. NTCT’s profit will be $48.80 million for 12.30 P/E if the $0.56 EPS becomes a reality. After $0.20 actual earnings per share reported by NetScout Systems, Inc. for the previous quarter, Wall Street now forecasts 180.00% EPS growth.

The stock increased 6.17% or $1.6 during the last trading session, reaching $27.55. About 3.56 million shares traded or 203.12% up from the average. NetScout Systems, Inc. (NTCT) has risen 51.24% since January 13, 2017 and is uptrending. It has outperformed by 34.54% the S&P500.

Turtle Creek Asset Management Inc. holds 9.89% of its portfolio in NetScout Systems, Inc. for 3.07 million shares. P2 Capital Partners Llc owns 1.95 million shares or 7.38% of their US portfolio. Moreover, Rockshelter Capital Management Llc has 3.38% invested in the company for 329,480 shares. The Maryland-based Brown Capital Management Llc has invested 2.72% in the stock. Kestrel Investment Management Corp, a California-based fund reported 231,525 shares.

Ratings analysis reveals 0 of NetScout Systems’s analysts are positive. Out of 2 Wall Street analysts rating NetScout Systems, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. NTCT was included in 2 notes of analysts from January 9, 2017. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 19. The stock has “Sector Weight” rating by Pacific Crest on Monday, January 9.

Since August 7, 2017, it had 0 insider purchases, and 38 insider sales for $950.72 million activity. 750 Facebook, Inc. (NASDAQ:FB) shares with value of $128,693 were sold by Stretch Colin. $6.57M worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Schroepfer Michael Todd. Cox Christopher K sold $2.72 million worth of stock. Zuckerberg Mark sold $42.50M worth of stock or 249,527 shares. FISCHER DAVID B. also sold $2.75M worth of Facebook, Inc. (NASDAQ:FB) shares. The insider Koum Jan sold $502.59 million. The insider Wehner David M. sold $2.59M.

Granite Point Capital Management Lp decreased Dycom Inds Inc (NYSE:DY) stake by 30,800 shares to 9,200 valued at $790,000 in 2017Q3. It also reduced Viavi Solutions Inc stake by 102,000 shares and now owns 23,000 shares. Health Ins Innovations Inc (NASDAQ:HIIQ) was reduced too.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. Wedbush reinitiated the stock with “Outperform” rating in Thursday, October 1 report. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) on Thursday, November 2 with “Buy” rating. As per Friday, October 30, the company rating was downgraded by Jyske Bank. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, September 6. The firm has “Buy” rating given on Friday, May 26 by Cantor Fitzgerald. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 3. Argus Research initiated Facebook, Inc. (NASDAQ:FB) on Thursday, October 8 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, January 28 report. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by William Blair on Thursday, October 12. The rating was maintained by Barclays Capital on Thursday, November 5 with “Overweight”.

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