Ieq Capital LLC Makes New $553,000 Investment in NetScout Systems, Inc. (NASDAQ:NTCT)

Ieq Capital LLC acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,538 shares of the technology company's stock, valued at approximately $553,000.

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its stake in shares of NetScout Systems by 27.3% during the 3rd quarter. Creative Planning now owns 44,497 shares of the technology company's stock worth $968,000 after purchasing an additional 9,551 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in NetScout Systems by 71.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company's stock worth $6,644,000 after purchasing an additional 127,200 shares during the last quarter. Impax Asset Management Group plc increased its stake in NetScout Systems by 32.0% during the third quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company's stock valued at $10,766,000 after acquiring an additional 120,000 shares during the period. Covestor Ltd increased its position in shares of NetScout Systems by 25.7% during the third quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock valued at $78,000 after purchasing an additional 737 shares during the period. Finally, Versor Investments LP acquired a new position in shares of NetScout Systems in the 3rd quarter valued at $447,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

NTCT has been the subject of several analyst reports. 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 upped their target price on shares of NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st.

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NetScout Systems Stock Down 0.1 %

Shares of NTCT stock traded down $0.02 during trading hours on Friday, hitting $22.49. 612,619 shares of the company were exchanged, compared to its average volume of 438,349. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $22.86 and a two-hundred day moving average of $21.81. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $27.89. The company has a market capitalization of $1.61 billion, a PE ratio of -3.84 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 EPS 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%. Analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was 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 $844,661.83. This represents a 15.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value 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. This represents a 14.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock valued at $512,321 over the last quarter. 3.71% of the stock is owned by company insiders.

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.