Impax Asset Management Group plc Boosts Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Impax Asset Management Group plc increased its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570,000 shares of the technology company's stock after purchasing an additional 75,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.79% of NetScout Systems worth $12,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of NetScout Systems by 3.7% in the third quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock valued at $67,388,000 after acquiring an additional 109,569 shares in the last quarter. Pacer Advisors Inc. lifted 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 purchasing an additional 2,055,913 shares during the period. Geode Capital Management LLC boosted its stake in shares of NetScout Systems by 4.4% during the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock valued at $41,975,000 after purchasing an additional 81,154 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NetScout Systems by 10.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company's stock valued at $25,348,000 after buying an additional 108,258 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NetScout Systems by 66.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company's stock worth $9,709,000 after buying an additional 178,269 shares during the period. 91.64% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have recently commented on NTCT. Royal Bank of Canada boosted their price target 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 shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.

NetScout Systems Stock Down 0.1 %

NASDAQ NTCT traded down $0.02 on Friday, hitting $22.49. The stock had a trading volume of 612,619 shares, compared to its average volume of 438,349. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The business's fifty day moving average price is $22.84 and its 200 day moving average price is $21.77. 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 stock has a market cap of $1.61 billion, a price-to-earnings ratio of -3.84 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly 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%. Equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

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 value of $152,555.00. Following the transaction, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at $844,661.83. This represents a 15.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares of the company's stock, valued at approximately $3,161,036. This represents a 2.25 % 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. 3.71% of the stock is owned by corporate insiders.

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.