NetScout Systems (NASDAQ:NTCT) Trading Up 0.4% - What's Next?

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) shares rose 0.4% on Tuesday . The company traded as high as $21.07 and last traded at $20.93. Approximately 50,390 shares were traded during trading, a decline of 91% from the average daily volume of 541,252 shares. The stock had previously closed at $20.84.

Wall Street Analysts Forecast Growth

NTCT has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research note 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.

NetScout Systems Trading Up 1.0 %

The company has a 50 day moving average of $22.80 and a 200 day moving average of $21.88. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -3.53 and a beta of 0.64. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.

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Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 130,352 shares of the company's stock, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the transaction, the insider now owns 71,361 shares in the company, valued at $1,706,955.12. The trade was a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,499 shares of company stock valued at $512,321. Corporate insiders own 3.71% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NTCT. Russell Investments Group Ltd. increased its stake in shares of NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock valued at $30,000 after buying an additional 1,263 shares during the period. Quarry LP increased its position in NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company's stock worth $33,000 after purchasing an additional 1,150 shares during the period. FMR LLC raised its holdings in 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. Sterling Capital Management LLC raised its holdings in NetScout Systems by 811.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares during the last quarter. Finally, KBC Group NV lifted its position in 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 during the period. Institutional investors own 91.64% of the company's stock.

NetScout Systems Company 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.