Shares of NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) shot up 1.7% during trading on Wednesday . The stock traded as high as $21.42 and last traded at $21.49. 32,925 shares traded hands during trading, a decline of 93% from the average session volume of 503,348 shares. The stock had previously closed at $21.14.
Analyst Upgrades and Downgrades
Several research firms have recently commented on NTCT. Royal Bank of Canada lifted their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. StockNews.com raised 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 Report on NTCT
NetScout Systems Trading Down 0.2 %
The stock has a market cap of $1.53 billion, a PE ratio of -3.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The company's 50-day moving average price is $22.72 and its 200 day moving average price is $21.88.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. On average, sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.
Insider Activity at NetScout Systems
In related news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 130,352 shares in the company, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares of the company's stock, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,499 shares of company stock worth $512,321. Insiders own 3.71% of the company's stock.
Hedge Funds Weigh In On NetScout Systems
Several institutional investors have recently modified their holdings of NTCT. KBC Group NV grew its stake in shares of NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company's stock worth $67,000 after acquiring an additional 1,066 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of NetScout Systems by 2.2% in the third quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company's stock worth $615,000 after acquiring an additional 606 shares in the last quarter. Quest Partners LLC grew its stake in shares of NetScout Systems by 91.0% in the third quarter. Quest Partners LLC now owns 7,613 shares of the technology company's stock worth $166,000 after acquiring an additional 3,627 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NetScout Systems by 66.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company's stock worth $9,709,000 after acquiring an additional 178,269 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of NetScout Systems during the third quarter worth $456,000. 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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