Russell Investments Group Ltd. Buys 45,501 Shares of NetSol Technologies Inc. (NTWK)

Russell Investments Group Ltd. lifted its stake in NetSol Technologies Inc. (NASDAQ:NTWK) by 26.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 218,563 shares of the software maker’s stock after purchasing an additional 45,501 shares during the quarter. Russell Investments Group Ltd.’s holdings in NetSol Technologies were worth $1,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTWK. Boston Partners bought a new position in shares of NetSol Technologies in the 2nd quarter worth $1,462,000. Renaissance Technologies LLC raised its position in shares of NetSol Technologies by 25.9% in the 2nd quarter. Renaissance Technologies LLC now owns 351,020 shares of the software maker’s stock worth $1,948,000 after acquiring an additional 72,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of NetSol Technologies by 156.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 75,195 shares of the software maker’s stock worth $417,000 after acquiring an additional 45,928 shares in the last quarter. 24.34% of the stock is owned by hedge funds and other institutional investors.

NTWK opened at $6.20 on Friday. The firm has a market capitalization of $73.94 million, a PE ratio of 12.80 and a beta of 0.16. NetSol Technologies Inc. has a 12 month low of $4.25 and a 12 month high of $10.52.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Tuesday, November 13th. The software maker reported $0.08 EPS for the quarter. The firm had revenue of $16.40 million during the quarter. NetSol Technologies had a return on equity of 7.48% and a net margin of 8.74%.

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About NetSol Technologies

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.

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

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