Amundi Has $1.43 Million Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Amundi boosted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,566 shares of the technology company's stock after purchasing an additional 16,591 shares during the period. Amundi owned about 0.09% of NetScout Systems worth $1,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in NetScout Systems by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock worth $41,975,000 after purchasing an additional 81,154 shares during the last quarter. Citigroup Inc. grew its holdings in NetScout Systems by 28.4% during the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company's stock worth $3,551,000 after acquiring an additional 36,075 shares during the period. Weiss Asset Management LP acquired a new stake in NetScout Systems during the 3rd quarter worth $1,783,000. Victory Capital Management Inc. grew its holdings in NetScout Systems by 55.0% during 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, Capstone Investment Advisors LLC acquired a new stake in NetScout Systems during the 3rd quarter worth $940,000. Institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Down 0.2 %

NASDAQ NTCT traded down $0.05 on Friday, reaching $21.39. The company had a trading volume of 2,239,095 shares, compared to its average volume of 505,356. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -3.65 and a beta of 0.64. 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 1-year low of $17.10 and a 1-year high of $27.89. The company's fifty day moving average is $22.72 and its 200-day moving average is $21.87.

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NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. On average, research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now directly owns 71,361 shares of the company's stock, valued at $1,706,955.12. The trade was a 14.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were 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 in the company, valued at approximately $844,661.83. The trade was a 15.30 % 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.

NetScout Systems Company 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.