ExodusPoint Capital Management LP Makes New Investment in NetScout Systems, Inc. (NASDAQ:NTCT)

ExodusPoint Capital Management LP purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,431 shares of the technology company's stock, valued at approximately $681,000.

A number of other large investors also recently modified their holdings of NTCT. FMR LLC increased its position in NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock worth $43,000 after purchasing an additional 477 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after buying an additional 508 shares during the period. KBC Group NV increased its position in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company's stock worth $97,000 after acquiring an additional 1,398 shares in the last quarter. Inceptionr LLC purchased a new position in shares of NetScout Systems in the 4th quarter valued at $221,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in NetScout Systems in the 4th quarter valued at $297,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased 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.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the business'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 value 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 approximately $3,161,036. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares in the company, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 over the last quarter. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Stock Down 0.3 %

NetScout Systems stock traded down $0.06 during midday trading on Thursday, hitting $19.99. 118,631 shares of the stock were exchanged, compared to its average volume of 537,361. The company has a 50 day moving average price of $21.74 and a two-hundred day moving average price of $21.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The firm has a market cap of $1.43 billion, a P/E ratio of -3.41 and a beta of 0.66. 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 released its quarterly 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, sell-side analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.