LSV Asset Management Has $5.58 Million Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

LSV Asset Management raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 205.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,700 shares of the technology company's stock after purchasing an additional 173,400 shares during the quarter. LSV Asset Management owned approximately 0.36% of NetScout Systems worth $5,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in 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 purchasing an additional 477 shares during the period. State Street Corp lifted its position in shares of NetScout Systems by 3.7% in the third quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock valued at $67,388,000 after buying an additional 109,569 shares during the last quarter. Barclays PLC boosted its stake in shares of NetScout Systems by 102.9% during the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company's stock worth $6,013,000 after acquiring an additional 140,237 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 81,154 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of NetScout Systems during the 3rd quarter worth approximately $298,000. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price objective 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.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT traded down $0.21 during trading on Friday, reaching $19.84. 528,899 shares of the stock were exchanged, compared to its average volume of 539,366. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The stock has a 50-day moving average price of $21.64 and a 200-day moving average price of $21.87. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.42 billion, a PE ratio of -3.39 and a beta of 0.66.

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

Insider Buying and Selling

In other news, insider Jean A. Bua sold 11,999 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 of the company's stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Downing sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the transaction, the executive vice president now directly owns 130,352 shares of the company's stock, 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. Over the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by company insiders.

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.