Squarepoint Ops LLC Buys Shares of 10,835 NetSol Technologies, Inc. (NASDAQ:NTWK)

Squarepoint Ops LLC bought a new stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,835 shares of the software maker’s stock, valued at approximately $28,000. Squarepoint Ops LLC owned 0.09% of NetSol Technologies as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Topline Capital Management LLC acquired a new stake in shares of NetSol Technologies during the fourth quarter worth $1,351,000. Dimensional Fund Advisors LP increased its stake in NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after purchasing an additional 4,199 shares in the last quarter. Finally, Perritt Capital Management Inc increased its stake in NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after purchasing an additional 29,361 shares in the last quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

NetSol Technologies Price Performance

NASDAQ:NTWK opened at $2.88 on Wednesday. The stock has a market cap of $33.72 million, a PE ratio of -41.14 and a beta of 1.01. NetSol Technologies, Inc. has a fifty-two week low of $2.14 and a fifty-two week high of $3.34. The stock’s 50-day moving average is $2.56 and its two-hundred day moving average is $2.57.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Wednesday, May 14th. The software maker reported $0.12 EPS for the quarter. The firm had revenue of $17.54 million for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on NetSol Technologies in a report on Wednesday, May 21st. They set a “buy” rating on the stock.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.