Invesco Ltd. Has $8.90 Million Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Invesco Ltd. trimmed its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,745 shares of the technology company's stock after selling 45,308 shares during the period. Invesco Ltd. owned about 0.57% of NetScout Systems worth $8,897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of NetScout Systems by 137.7% in the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock valued at $8,410,000 after buying an additional 224,925 shares during the period. Norges Bank acquired a new position in NetScout Systems in the 4th quarter valued at approximately $4,480,000. Prudential Financial Inc. grew its holdings in shares of NetScout Systems by 102.9% during the 4th quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company's stock worth $8,503,000 after purchasing an additional 199,079 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NetScout Systems by 34.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,611 shares of the technology company's stock valued at $12,966,000 after purchasing an additional 152,224 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of NetScout Systems in the fourth quarter valued at $3,136,000. Institutional investors own 91.64% of the company's stock.

NetScout Systems Price Performance

NTCT traded up $0.04 during midday trading on Friday, reaching $21.08. 276,951 shares of the company's stock were exchanged, compared to its average volume of 539,077. 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 business has a 50-day simple moving average of $21.17 and a two-hundred day simple moving average of $21.87. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.60 and a beta of 0.66. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its earnings results on Thursday, January 30th. The technology company reported $0.78 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, research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares in the company, valued at approximately $844,661.83. The trade was a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by insiders.

Analyst Ratings Changes

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

About NetScout Systems

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.