NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 87.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,425 shares of the technology company's stock after selling 16,772 shares during the period. Quantbot Technologies LP's holdings in NetScout Systems were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP increased its stake in NetScout Systems by 316.8% during the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,150 shares in the last quarter. FMR LLC grew its holdings in shares of NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after buying an additional 477 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of NetScout Systems by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after acquiring an additional 508 shares during the period. KBC Group NV raised its stake in NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company's stock worth $97,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new stake in NetScout Systems during the 3rd quarter worth about $216,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the transaction, the insider now directly owns 71,361 shares of the company's stock, valued at $1,706,955.12. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares of the company's stock, valued at $3,161,036. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTCT. Royal Bank of Canada raised their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.

NetScout Systems Stock Performance

NTCT stock traded down $0.87 during trading on Friday, hitting $19.31. 641,468 shares of the company traded hands, compared to its average volume of 534,475. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The company has a market cap of $1.39 billion, a PE ratio of -3.30 and a beta of 0.66. The stock's 50-day simple moving average is $22.49 and its 200 day simple moving average is $21.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its quarterly 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 50.90% and a positive return on equity of 6.76%. On average, equities analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.