SG Americas Securities LLC Cuts Position in NetScout Systems, Inc. (NASDAQ:NTCT)

SG Americas Securities LLC lowered its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 41.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,316 shares of the technology company's stock after selling 11,337 shares during the period. SG Americas Securities LLC's holdings in NetScout Systems were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 increased their price target 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.

NetScout Systems Stock Up 0.7 %

Shares of NASDAQ:NTCT traded up $0.16 on Friday, reaching $24.23. The company had a trading volume of 357,934 shares, compared to its average volume of 431,717. The firm has a market capitalization of $1.74 billion, a PE ratio of -4.13 and a beta of 0.60. The firm's 50 day simple moving average is $22.41 and its 200-day simple moving average is $21.31. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. 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 results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping 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, analysts expect that NetScout Systems, Inc. will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction 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 $844,661.83. The trade was a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.71% of the stock is currently owned by company insiders.

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.