IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,195 shares of the technology company's stock after selling 69,368 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.17% of NetScout Systems worth $2,712,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of NetScout Systems by 4.4% in 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 buying an additional 81,154 shares during the period. Victory Capital Management Inc. raised its stake in NetScout Systems by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock valued at $1,744,000 after acquiring an additional 28,583 shares during the period. Citigroup Inc. lifted its holdings in NetScout Systems by 28.4% during the third quarter. Citigroup Inc. now owns 163,272 shares of the technology company's stock valued at $3,551,000 after purchasing an additional 36,075 shares during the last quarter. Weiss Asset Management LP bought a new position in NetScout Systems during the third quarter worth about $1,783,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of NetScout Systems in the third quarter worth about $940,000. Institutional investors own 91.64% of the company's stock.
NetScout Systems Price Performance
NetScout Systems stock traded down $0.53 during midday trading on Friday, reaching $21.21. 294,549 shares of the stock were exchanged, compared to its average volume of 537,062. The firm has a market cap of $1.52 billion, a PE ratio of -3.62 and a beta of 0.64. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $27.89. The company's fifty day moving average is $22.69 and its 200-day moving average is $21.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its 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 positive return on equity of 6.76% and a negative net margin of 50.90%. On average, sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.
Insider Activity at NetScout Systems
In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 35,989 shares in the company, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the company's stock in a transaction that occurred on 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 approximately $3,161,036. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock worth $512,321 in the last ninety days. 3.71% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
NTCT has been the topic of a number of recent research reports. StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price target on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st.
Check Out Our Latest Stock Analysis on NetScout Systems
About NetScout Systems
(
Free Report)
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.
See Also
Before you consider NetScout Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetScout Systems wasn't on the list.
While NetScout Systems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
