AlphaQuest LLC Has $565,000 Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

AlphaQuest LLC raised its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 242.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,066 shares of the technology company's stock after buying an additional 18,453 shares during the quarter. AlphaQuest LLC's holdings in NetScout Systems were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi lifted its position in shares of NetScout Systems by 33.9% in the 4th quarter. Amundi now owns 65,566 shares of the technology company's stock worth $1,427,000 after acquiring an additional 16,591 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of NetScout Systems by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after acquiring an additional 508 shares during the period. Inceptionr LLC bought a new stake in shares of NetScout Systems in the 4th quarter worth approximately $221,000. Victory Capital Management Inc. lifted its position in shares of NetScout Systems by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock worth $1,744,000 after acquiring an additional 28,583 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NetScout Systems by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock worth $27,100,000 after acquiring an additional 85,713 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Trading Up 0.5 %

Shares of NTCT opened at $20.93 on Thursday. The stock has a fifty day moving average price of $22.80 and a two-hundred day moving average price of $21.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -3.57 and a beta of 0.64.

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NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction of $152,555.00. Following the completion of the sale, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at $844,661.83. The trade was a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares of the company's stock, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,499 shares of company stock valued at $512,321. Company insiders own 3.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTCT. Royal Bank of Canada raised their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. StockNews.com upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.

NetScout Systems Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers 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 customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.

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