Charles Schwab Investment Management Inc. Increases Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Charles Schwab Investment Management Inc. increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251,156 shares of the technology company's stock after buying an additional 85,713 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.74% of NetScout Systems worth $27,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NTCT. State Street Corp grew its holdings in shares of NetScout Systems by 3.7% during the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock worth $67,388,000 after purchasing an additional 109,569 shares in the last quarter. Pacer Advisors Inc. increased its holdings in NetScout Systems by 224,935.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company's stock valued at $44,736,000 after buying an additional 2,055,913 shares during the period. Geode Capital Management LLC raised its position in shares of 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 valued at $41,975,000 after buying an additional 81,154 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of NetScout Systems by 15.2% during the 4th quarter. Impax Asset Management Group plc now owns 570,000 shares of the technology company's stock worth $12,346,000 after acquiring an additional 75,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of NetScout Systems by 66.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company's stock worth $9,709,000 after acquiring an additional 178,269 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

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NetScout Systems Trading Down 0.3 %

Shares of NASDAQ:NTCT traded down $0.07 during midday trading on Friday, hitting $21.37. 611,436 shares of the stock were exchanged, compared to its average volume of 506,197. The business's 50-day moving average price is $22.72 and its 200 day moving average price is $21.87. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -3.65 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 50.90% and a positive return on equity of 6.76%. Analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on NTCT. StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped 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.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the sale, the executive vice president now directly owns 130,352 shares in the company, valued at $3,161,036. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction on 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 owns 35,989 shares of the company's stock, valued at $844,661.83. This represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,499 shares of company stock worth $512,321. 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.