Sei Investments Co. lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 49.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 216,865 shares of the technology company's stock after purchasing an additional 71,815 shares during the quarter. Sei Investments Co. owned about 0.30% of NetScout Systems worth $4,697,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NTCT. Quarry LP increased its position in shares of 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 acquiring an additional 1,150 shares in the last quarter. FMR LLC increased its holdings in NetScout Systems by 32.1% in the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after purchasing an additional 477 shares in the last quarter. PNC Financial Services Group Inc. raised its position in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after purchasing an additional 508 shares during the period. KBC Group NV lifted its stake in shares of NetScout Systems by 45.1% during the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company's stock worth $97,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of NetScout Systems in the third quarter worth about $216,000. Institutional investors and hedge funds own 91.64% of the company's stock.
Insider Buying and Selling
In other news, insider Jean A. Bua sold 11,999 shares of NetScout Systems 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 sale, the insider now owns 71,361 shares of the company's stock, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the transaction, the executive vice president now owns 130,352 shares of the company's stock, valued at approximately $3,161,036. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,499 shares of company stock valued at $512,321. Insiders own 3.71% of the company's stock.
NetScout Systems Stock Down 4.3 %
Shares of NTCT stock traded down $0.87 during trading hours on Friday, hitting $19.31. 641,468 shares of the company were exchanged, compared to its average volume of 534,475. 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 stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.30 and a beta of 0.66. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The business's 50-day simple moving average is $22.49 and its two-hundred day simple moving average is $21.99.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NTCT. 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 NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st.
Check Out Our Latest Analysis on NTCT
About NetScout Systems
(
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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