NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) shot up 0.7% during trading on Wednesday . The company traded as high as $21.40 and last traded at $21.45. 34,282 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 534,852 shares. The stock had previously closed at $21.30.
Analyst Ratings Changes
Several equities analysts have weighed in on NTCT shares. Royal Bank of Canada raised their target price on shares of NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. StockNews.com raised shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.
Check Out Our Latest Stock Report on NTCT
NetScout Systems Stock Performance
The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $22.49 and a two-hundred day moving average price of $21.96. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.30 and a beta of 0.66.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping analysts' consensus estimates 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 forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.
Insider Activity at NetScout Systems
In other NetScout Systems news, 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. The trade was a 15.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jean A. Bua sold 11,999 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,499 shares of company stock valued at $512,321. Company insiders own 3.71% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in NetScout Systems by 12.2% during the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock worth $89,202,000 after purchasing an additional 448,537 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NetScout Systems by 137.7% during the 4th quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock valued at $8,410,000 after buying an additional 224,925 shares during the period. Norges Bank acquired a new stake in shares of NetScout Systems during the 4th quarter worth $4,480,000. Prudential Financial Inc. raised its position in shares of NetScout Systems by 102.9% in the 4th quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company's stock worth $8,503,000 after buying an additional 199,079 shares during the period. Finally, LSV Asset Management boosted its holdings in NetScout Systems by 205.7% in the fourth quarter. LSV Asset Management now owns 257,700 shares of the technology company's stock valued at $5,582,000 after acquiring an additional 173,400 shares during the last quarter. Institutional investors and hedge funds 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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