Arrowstreet Capital Limited Partnership Takes Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Arrowstreet Capital Limited Partnership bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 144,786 shares of the technology company's stock, valued at approximately $3,136,000. Arrowstreet Capital Limited Partnership owned about 0.20% of NetScout Systems as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP grew its holdings in NetScout Systems by 316.8% in the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company's stock worth $33,000 after acquiring an additional 1,150 shares during the last quarter. FMR LLC grew its stake in shares of NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock worth $43,000 after purchasing an additional 477 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after purchasing an additional 508 shares during the period. KBC Group NV raised its position in NetScout Systems by 45.1% during the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company's stock valued at $97,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in NetScout Systems in the 3rd quarter worth approximately $216,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the firm'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 completion of the sale, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Downing sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares in the company, valued at approximately $3,161,036. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,499 shares of company stock worth $512,321. Insiders own 3.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their target price on NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st.

NetScout Systems Trading Up 0.7 %

Shares of NASDAQ:NTCT traded up $0.14 on Tuesday, hitting $20.24. The company had a trading volume of 19,990 shares, compared to its average volume of 462,248. The firm's 50-day simple moving average is $21.90 and its two-hundred day simple moving average is $21.91. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -3.45 and a beta of 0.66. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted 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 positive return on equity of 6.76% and a negative net margin of 50.90%. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.