Legal & General Group Plc Grows Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Legal & General Group Plc lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 12.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,118,267 shares of the technology company's stock after buying an additional 448,537 shares during the period. Legal & General Group Plc owned 5.74% of NetScout Systems worth $89,202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NTCT. Geode Capital Management LLC lifted its stake in shares of NetScout Systems by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock worth $41,975,000 after purchasing an additional 81,154 shares during the period. Victory Capital Management Inc. lifted its position in NetScout Systems by 55.0% during the fourth quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock worth $1,744,000 after buying an additional 28,583 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in NetScout Systems by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock worth $27,100,000 after buying an additional 85,713 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NetScout Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock valued at $202,597,000 after acquiring an additional 64,475 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of NetScout Systems by 4.9% during the 4th quarter. Empowered Funds LLC now owns 43,148 shares of the technology company's stock worth $935,000 after acquiring an additional 2,008 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

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Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st.

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 shares were 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 of the company's stock, valued at approximately $844,661.83. This represents a 15.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $287,016.08. Following the completion of the sale, the insider now owns 71,361 shares of the company's stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,499 shares of company stock valued at $512,321 over the last ninety days. Corporate insiders own 3.71% of the company's stock.

NetScout Systems Trading Up 0.3 %

NetScout Systems stock traded up $0.06 during midday trading on Tuesday, reaching $20.16. The stock had a trading volume of 390,247 shares, compared to its average volume of 538,857. The stock's 50-day simple moving average is $21.90 and its 200 day simple moving average is $21.91. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. 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 stock has a market capitalization of $1.45 billion, a PE ratio of -3.44 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate 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 expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

NetScout Systems Company 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.