Clark Estates Inc. NY reduced its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,862 shares of the technology company's stock after selling 14,888 shares during the period. Clark Estates Inc. NY owned approximately 0.17% of NetScout Systems worth $2,661,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in NetScout Systems by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock worth $1,744,000 after buying an additional 28,583 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NetScout Systems by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock worth $27,100,000 after purchasing an additional 85,713 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of NetScout Systems by 15.2% during the 4th quarter. Impax Asset Management Group plc now owns 570,000 shares of the technology company's stock worth $12,346,000 after purchasing an additional 75,000 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of NetScout Systems by 187.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 32,692 shares of the technology company's stock worth $708,000 after purchasing an additional 21,320 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of NetScout Systems during the 4th quarter worth approximately $553,000. 91.64% of the stock is owned by institutional investors.
NetScout Systems Price Performance
NTCT stock traded down $0.05 during trading on Friday, hitting $21.43. The company had a trading volume of 445,246 shares, compared to its average volume of 444,831. The company has a fifty day moving average price of $22.84 and a two-hundred day moving average price of $21.86. 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 company has a market cap of $1.54 billion, a P/E ratio of -3.66 and a beta of 0.64. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly 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 research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.
Analyst Ratings Changes
NTCT has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. StockNews.com raised NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 10th.
Read Our Latest Stock Report on NetScout Systems
Insider Activity at NetScout Systems
In related news, insider Jean A. Bua sold 11,999 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company's stock, valued at $1,706,955.12. The trade was a 14.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the business's 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 transaction, the chief operating officer now directly owns 35,989 shares in the company, valued at approximately $844,661.83. This represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,499 shares of company stock valued at $512,321 in the last 90 days. 3.71% of the stock is owned by corporate insiders.
About NetScout Systems
(
Free Report)
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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