NetSol Technologies Inc. (NASDAQ:NTWK) Shares Purchased by California Public Employees Retirement System

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California Public Employees Retirement System increased its stake in shares of NetSol Technologies Inc. (NASDAQ:NTWK) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,580 shares of the software maker’s stock after purchasing an additional 9,100 shares during the quarter. California Public Employees Retirement System owned 1.42% of NetSol Technologies worth $919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Moab Capital Partners LLC lifted its holdings in shares of NetSol Technologies by 0.4% during the second quarter. Moab Capital Partners LLC now owns 879,885 shares of the software maker’s stock worth $4,919,000 after purchasing an additional 3,569 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of NetSol Technologies by 3.1% during the second quarter. Renaissance Technologies LLC now owns 504,013 shares of the software maker’s stock worth $2,817,000 after purchasing an additional 14,993 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NetSol Technologies by 1.0% during the second quarter. Vanguard Group Inc. now owns 466,748 shares of the software maker’s stock worth $2,609,000 after purchasing an additional 4,500 shares during the period. BlackRock Inc. lifted its holdings in shares of NetSol Technologies by 1.2% during the second quarter. BlackRock Inc. now owns 342,983 shares of the software maker’s stock worth $1,918,000 after purchasing an additional 4,086 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of NetSol Technologies by 4.6% during the second quarter. Acadian Asset Management LLC now owns 94,208 shares of the software maker’s stock worth $527,000 after purchasing an additional 4,125 shares during the period. 29.72% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on NTWK. Zacks Investment Research downgraded NetSol Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. TheStreet upgraded NetSol Technologies from a “c” rating to a “b-” rating in a research report on Friday, September 27th. Finally, ValuEngine cut NetSol Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 15th.

NASDAQ:NTWK opened at $3.88 on Monday. The stock has a fifty day moving average price of $4.92 and a two-hundred day moving average price of $5.55. The stock has a market capitalization of $43.15 million, a price-to-earnings ratio of 5.24, a PEG ratio of 3.61 and a beta of 0.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.65 and a current ratio of 2.65. NetSol Technologies Inc. has a 1 year low of $3.60 and a 1 year high of $8.27.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Tuesday, November 12th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.31). The business had revenue of $13.57 million during the quarter, compared to analysts’ expectations of $15.20 million. NetSol Technologies had a return on equity of 11.19% and a net margin of 8.91%. On average, analysts predict that NetSol Technologies Inc. will post 0.06 EPS for the current year.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.

Read More: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for NetSol Technologies (NASDAQ:NTWK)

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