Jean A. Bua Sells 11,999 Shares of NetScout Systems, Inc. (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) insider Jean A. Bua sold 11,999 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the transaction, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NetScout Systems Price Performance

Shares of NASDAQ:NTCT traded down $0.13 during midday trading on Tuesday, hitting $24.09. The company's stock had a trading volume of 104,300 shares, compared to its average volume of 404,843. The business's 50 day simple moving average is $22.65 and its 200 day simple moving average is $21.54. 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 company has a market cap of $1.73 billion, a P/E ratio of -4.11 and a beta of 0.60. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89.

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

Hedge Funds Weigh In On NetScout Systems

A number of institutional investors have recently bought and sold shares of NTCT. Russell Investments Group Ltd. raised its stake in NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after purchasing an additional 1,263 shares during the period. Quarry LP raised its stake in NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company's stock worth $33,000 after purchasing an additional 1,150 shares during the period. FMR LLC raised its stake in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock worth $43,000 after purchasing an additional 477 shares during the period. Sterling Capital Management LLC raised its stake in NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares during the period. Finally, KBC Group NV increased its position in shares of NetScout Systems by 52.4% during the third quarter. KBC Group NV now owns 3,100 shares of the technology company's stock valued at $67,000 after acquiring an additional 1,066 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NTCT shares. 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 increased their price objective on shares of NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, January 31st.

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.