NetScout Systems, Inc. (NASDAQ:NTCT) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 55.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,507 shares of the technology company's stock after purchasing an additional 28,583 shares during the quarter. Victory Capital Management Inc. owned 0.11% of NetScout Systems worth $1,744,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of NetScout Systems by 316.8% in the 3rd 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 grew its position in NetScout Systems by 32.1% in the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after acquiring an additional 477 shares in the last quarter. KBC Group NV increased its stake in NetScout Systems by 52.4% during the third quarter. KBC Group NV now owns 3,100 shares of the technology company's stock worth $67,000 after purchasing an additional 1,066 shares during the period. Meeder Asset Management Inc. lifted its position in shares of NetScout Systems by 203.8% during the third quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company's stock worth $138,000 after purchasing an additional 4,252 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of NetScout Systems by 91.0% in the third quarter. Quest Partners LLC now owns 7,613 shares of the technology company's stock valued at $166,000 after purchasing an additional 3,627 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

NTCT has been the subject of several recent research reports. StockNews.com raised shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their target price on NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, January 31st.

Insider Activity

In other news, insider Jean A. Bua sold 11,999 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,499 shares of company stock worth $512,321. Corporate insiders own 3.71% of the company's stock.

NetScout Systems Stock Down 0.3 %

NASDAQ:NTCT traded down $0.07 during trading hours on Friday, hitting $21.37. The company's stock had a trading volume of 611,436 shares, compared to its average volume of 506,197. The stock has a market capitalization of $1.53 billion, a P/E ratio of -3.65 and a beta of 0.64. 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 stock has a fifty day moving average of $22.72 and a 200-day moving average of $21.87. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week 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 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%. On average, equities analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

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.