NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) COO Michael Szabados sold 6,500 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now owns 35,989 shares of the company's stock, valued at $844,661.83. The trade was a 15.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
NetScout Systems Price Performance
NASDAQ NTCT traded up $0.16 on Friday, reaching $24.23. The company had a trading volume of 357,934 shares, compared to its average volume of 448,201. The stock has a market capitalization of $1.74 billion, a PE ratio of -4.13 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. 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 firm's 50 day moving average price is $22.41 and its 200 day moving average price is $21.36.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NTCT. Pacer Advisors Inc. raised its stake in NetScout Systems by 224,935.8% during the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company's stock valued at $44,736,000 after purchasing an additional 2,055,913 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of NetScout Systems by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company's stock worth $22,916,000 after buying an additional 207,171 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NetScout Systems by 66.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company's stock valued at $9,709,000 after buying an additional 178,269 shares in the last quarter. Barclays PLC lifted its holdings in shares of NetScout Systems by 102.9% in the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company's stock valued at $6,013,000 after acquiring an additional 140,237 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in NetScout Systems by 71.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company's stock worth $6,644,000 after acquiring an additional 127,200 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on NTCT shares. Royal Bank of Canada upped their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. StockNews.com upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.
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About NetScout Systems
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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.
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