JPMorgan Chase & Co. Purchases 224,925 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

JPMorgan Chase & Co. lifted its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 137.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388,286 shares of the technology company's stock after purchasing an additional 224,925 shares during the period. JPMorgan Chase & Co. owned 0.54% of NetScout Systems worth $8,410,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NTCT. FMR LLC raised its holdings in shares of 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 acquiring an additional 477 shares during the period. PNC Financial Services Group Inc. increased its holdings 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 last quarter. KBC Group NV raised its holdings in shares of NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company's stock valued at $97,000 after purchasing an additional 1,398 shares during the period. Inceptionr LLC acquired a new position in shares of NetScout Systems during the 4th quarter worth approximately $221,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of NetScout Systems in the fourth quarter valued at about $297,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted 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.

NetScout Systems Price Performance

Shares of NTCT traded down $0.21 during trading hours on Friday, hitting $19.84. 528,899 shares of the company were exchanged, compared to its average volume of 539,366. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -3.39 and a beta of 0.66. The firm's fifty day moving average is $21.64 and its 200 day moving average is $21.87.

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

Insider Transactions at NetScout Systems

In related news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction that occurred 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 sale, the insider now directly owns 71,361 shares in the company, valued at $1,706,955.12. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a 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 on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the transaction, the executive vice president now owns 130,352 shares in the company, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,499 shares of company stock valued at $512,321. Corporate insiders own 3.71% of the company's stock.

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.