NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report)'s share price traded up 2.5% on Monday . The company traded as high as $21.97 and last traded at $21.93. 33,887 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 502,385 shares. The stock had previously closed at $21.39.
Wall Street Analyst Weigh In
Several brokerages have commented on NTCT. Royal Bank of Canada upped their price target on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.
Read Our Latest Research Report on NTCT
NetScout Systems Stock Performance
The firm has a market capitalization of $1.56 billion, a PE ratio of -3.71 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The stock has a 50-day moving average price of $22.72 and a 200-day moving average price of $21.91.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (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%. On average, research analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.
Insider Buying and Selling at NetScout Systems
In other news, EVP John Downing sold 3,000 shares of the business's 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 completion of the sale, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean A. Bua sold 11,999 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 in the last ninety days. 3.71% of the stock is owned by insiders.
Institutional Trading of NetScout Systems
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of NetScout Systems by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock valued at $202,597,000 after buying an additional 64,475 shares during the period. Legal & General Group Plc boosted its stake in NetScout Systems by 12.2% in the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock valued at $89,202,000 after acquiring an additional 448,537 shares during the period. State Street Corp grew its holdings in shares of NetScout Systems by 3.7% during the third quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock valued at $67,388,000 after purchasing an additional 109,569 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NetScout Systems by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,959,996 shares of the technology company's stock worth $42,463,000 after purchasing an additional 30,445 shares during the period. Finally, First Trust Advisors LP raised its position in shares of NetScout Systems by 4.6% during the 4th quarter. First Trust Advisors LP now owns 1,432,901 shares of the technology company's stock worth $31,037,000 after purchasing an additional 62,603 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.
NetScout Systems Company Profile
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Get 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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