Teacher Retirement System of Texas Has $2.98 Million Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Teacher Retirement System of Texas increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 182.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,570 shares of the technology company's stock after purchasing an additional 88,945 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.19% of NetScout Systems worth $2,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTCT. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of NetScout Systems by 34.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,611 shares of the technology company's stock worth $12,966,000 after buying an additional 152,224 shares in the last quarter. Barclays PLC grew its position in NetScout Systems by 102.9% during the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company's stock worth $6,013,000 after acquiring an additional 140,237 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in NetScout Systems in the 4th quarter worth about $2,395,000. State Street Corp raised its position in NetScout Systems by 3.7% in the third quarter. State Street Corp now owns 3,098,279 shares of the technology company's stock valued at $67,388,000 after purchasing an additional 109,569 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NetScout Systems by 10.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company's stock valued at $25,348,000 after purchasing an additional 108,258 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

NetScout Systems Trading Down 2.4 %

NTCT traded down $0.53 during midday trading on Friday, hitting $21.21. 294,549 shares of the company were exchanged, compared to its average volume of 537,062. The firm's 50 day moving average price is $22.69 and its 200-day moving average price is $21.94. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89. The firm has a market capitalization of $1.52 billion, a P/E ratio of -3.62 and a beta of 0.64. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 6.76% and a negative net margin of 50.90%. As a group, equities analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the transaction, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. This represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean A. Bua sold 11,999 shares of NetScout Systems 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 completion of the sale, the insider now owns 71,361 shares of the company's stock, valued at $1,706,955.12. This represents a 14.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is currently owned by 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.