Martingale Asset Management L P Boosts Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Martingale Asset Management L P increased its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 66.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,746 shares of the technology company's stock after buying an additional 56,409 shares during the quarter. Martingale Asset Management L P owned 0.20% of NetScout Systems worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of NetScout Systems by 1,214.4% in 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 last quarter. Quarry LP increased its stake in shares of NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company's stock valued at $33,000 after buying an additional 1,150 shares during the period. FMR LLC raised its position 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 last quarter. PNC Financial Services Group Inc. lifted its stake in shares of NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after acquiring an additional 508 shares during the period. Finally, KBC Group NV lifted its stake in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company's stock worth $97,000 after acquiring an additional 1,398 shares during the period. Institutional investors own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, EVP John Downing sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 130,352 shares in the company, valued at $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jean A. Bua sold 11,999 shares of NetScout Systems 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 completion of the sale, the insider now directly owns 71,361 shares of the company's stock, valued at approximately $1,706,955.12. The trade was a 14.39 % 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 quarter. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Trading Up 1.0 %

NTCT traded up $0.21 during trading on Tuesday, reaching $20.31. 58,986 shares of the stock traded hands, compared to its average volume of 537,602. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock's 50-day moving average is $21.90 and its 200 day moving average is $21.91. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The stock has a market capitalization of $1.46 billion, a PE ratio of -3.47 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS 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%. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share 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.