Trexquant Investment LP Has $3.41 Million Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Trexquant Investment LP trimmed its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,629 shares of the technology company's stock after selling 30,750 shares during the period. Trexquant Investment LP owned approximately 0.22% of NetScout Systems worth $3,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP boosted 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 during the period. FMR LLC lifted 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 worth $43,000 after buying an additional 477 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 acquiring an additional 508 shares during the period. KBC Group NV increased its position in 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 acquiring an additional 1,398 shares during the period. Finally, Hohimer Wealth Management LLC acquired a new position in NetScout Systems during the 3rd quarter valued at $216,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st.

Insider Activity

In other 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 value of $72,750.00. Following the completion of the transaction, the executive vice president now directly owns 130,352 shares of the company's stock, valued at approximately $3,161,036. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 directly owns 35,989 shares in the company, valued at approximately $844,661.83. This represents a 15.30 % 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 worth $512,321. Corporate insiders own 3.71% of the company's stock.

NetScout Systems Stock Performance

NetScout Systems stock traded up $0.22 during trading hours on Friday, hitting $20.19. The stock had a trading volume of 477,780 shares, compared to its average volume of 538,906. The company has a 50-day moving average of $21.99 and a two-hundred day moving average of $21.91. 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, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The company has a market cap of $1.45 billion, a PE ratio of -3.45 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

NetScout Systems 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.