Pacer Advisors Inc. Sells 41,163 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Pacer Advisors Inc. lowered its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,015,664 shares of the technology company's stock after selling 41,163 shares during the period. Pacer Advisors Inc. owned about 2.81% of NetScout Systems worth $43,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its position in shares of NetScout Systems by 2.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company's stock worth $23,333,000 after purchasing an additional 35,811 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock worth $41,975,000 after buying an additional 81,154 shares during the period. Impax Asset Management Group plc boosted its stake in NetScout Systems by 32.0% in the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company's stock worth $10,766,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of NetScout Systems by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company's stock worth $22,916,000 after buying an additional 207,171 shares during the period. Finally, Citigroup Inc. raised its position in NetScout Systems by 28.4% during the third quarter. Citigroup Inc. now owns 163,272 shares of the technology company's stock valued at $3,551,000 after buying an additional 36,075 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com raised shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their target price 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.

NetScout Systems Stock Performance

NASDAQ NTCT traded down $1.19 during trading on Friday, hitting $23.87. The company's stock had a trading volume of 572,295 shares, compared to its average volume of 394,753. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $27.89. The firm has a market cap of $1.71 billion, a P/E ratio of -2.84 and a beta of 0.58. The firm has a 50 day moving average price of $22.15 and a 200 day moving average price of $21.09. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 76.14% and a positive return on equity of 5.31%. Equities research analysts forecast that NetScout Systems, Inc. will post 1.6 earnings per share for the current fiscal year.

NetScout Systems 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.