Shares of NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.66 and traded as high as $21.78. NetScout Systems shares last traded at $21.76, with a volume of 310,353 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.
Read Our Latest Stock Analysis on NetScout Systems
NetScout Systems Stock Up 0.4 %
The business's 50 day simple moving average is $21.96 and its 200 day simple moving average is $20.67. The company has a market capitalization of $1.56 billion, a PE ratio of -2.59 and a beta of 0.58. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05.
Insider Buying and Selling at NetScout Systems
In other news, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $21.32, for a total value of $138,580.00. Following the transaction, the chief operating officer now directly owns 42,489 shares of the company's stock, valued at approximately $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.71% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP grew its stake 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of NetScout Systems during the 2nd quarter worth $38,000. FMR LLC increased its stake in shares of NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock worth $43,000 after purchasing an additional 477 shares during the last quarter. KBC Group NV raised its holdings in shares of NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company's stock valued at $67,000 after purchasing an additional 1,066 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of NetScout Systems in the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 91.64% of the company's stock.
About NetScout Systems
(
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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