Vanguard Group Inc. Has $202.60 Million Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Vanguard Group Inc. grew its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,353,501 shares of the technology company's stock after purchasing an additional 64,475 shares during the quarter. Vanguard Group Inc. owned about 13.04% of NetScout Systems worth $202,597,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its position in shares of NetScout Systems by 3.7% during the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock worth $67,388,000 after purchasing an additional 109,569 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 81,154 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NetScout Systems by 34.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,611 shares of the technology company's stock worth $12,966,000 after purchasing an additional 152,224 shares during the last quarter. Finally, Impax Asset Management Group plc increased its position 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 during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT traded down $0.40 during midday trading on Thursday, hitting $20.11. 47,702 shares of the company's stock were exchanged, compared to its average volume of 458,854. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The company's 50 day moving average price is $22.15 and its 200 day moving average price is $21.93. The firm has a market capitalization of $1.44 billion, a PE ratio of -3.43 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued 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, analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of NetScout Systems 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 completion of the transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction 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 directly owns 35,989 shares of the company's stock, valued at $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock worth $512,321 in the last ninety days. 3.71% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their price target on 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 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.