Connor Clark & Lunn Investment Management Ltd. Buys 152,224 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,611 shares of the technology company's stock after acquiring an additional 152,224 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.83% of NetScout Systems worth $12,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NTCT. Pacer Advisors Inc. raised its position in shares of 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 worth $44,736,000 after acquiring an additional 2,055,913 shares in the last quarter. Barclays PLC raised its position in shares of NetScout Systems by 102.9% in the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company's stock worth $6,013,000 after acquiring an additional 140,237 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of NetScout Systems by 32.0% in the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company's stock worth $10,766,000 after acquiring an additional 120,000 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of NetScout Systems in the 4th quarter worth about $2,395,000. Finally, State Street Corp raised its position in shares of NetScout Systems by 3.7% in the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock worth $67,388,000 after acquiring an additional 109,569 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank of Canada lifted 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 raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.

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NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $20.73 on Friday. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.54 and a beta of 0.64. The business has a 50-day simple moving average of $22.75 and a 200 day simple moving average of $21.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating 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%. On average, research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the transaction, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total value of $72,750.00. Following the transaction, the executive vice president now owns 130,352 shares of the company's stock, valued at $3,161,036. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,499 shares of company stock worth $512,321. Insiders own 3.71% of the company's stock.

About NetScout Systems

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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