NetScout Systems, Inc. (NASDAQ:NTCT) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 323,698 shares of the technology company's stock after acquiring an additional 18,244 shares during the period. Robeco Institutional Asset Management B.V. owned 0.45% of NetScout Systems worth $7,011,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Quarry LP grew its position in NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company's stock worth $33,000 after buying an additional 1,150 shares in the last quarter. FMR LLC lifted its position in NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after purchasing an additional 477 shares during the last quarter. KBC Group NV grew its holdings in NetScout Systems by 52.4% in the 3rd 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 during the last quarter. Covestor Ltd increased its holdings in NetScout Systems by 25.7% during the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company's stock valued at $78,000 after purchasing an additional 737 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in NetScout Systems by 203.8% in the third quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company's stock worth $138,000 after acquiring an additional 4,252 shares during the period. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on NTCT. Royal Bank of Canada raised their price objective on 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 NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.

NetScout Systems Price Performance

Shares of NTCT stock traded up $0.53 during trading hours on Wednesday, hitting $24.67. The stock had a trading volume of 509,601 shares, compared to its average volume of 434,304. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -4.21 and a beta of 0.60. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The stock's 50-day moving average price is $22.32 and its two-hundred day moving average price is $21.25.

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, topping analysts' consensus estimates 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%. Equities analysts forecast that NetScout Systems, Inc. will post 1.6 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the sale, the chief operating officer now owns 35,989 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 3.71% of the stock is currently owned by company insiders.

About NetScout Systems

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.