Wealthfront Advisers LLC acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 110,582 shares of the technology company's stock, valued at approximately $2,395,000. Wealthfront Advisers LLC owned 0.15% of NetScout Systems at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of NTCT. Quarry LP raised its holdings in shares of 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 buying an additional 1,150 shares during the period. FMR LLC raised its holdings in shares of NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after buying an additional 477 shares during the period. KBC Group NV raised its holdings in shares of NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company's stock valued at $67,000 after buying an additional 1,066 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after buying an additional 508 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in shares of NetScout Systems by 203.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company's stock valued at $138,000 after buying an additional 4,252 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
NetScout Systems Stock Up 1.3 %
NASDAQ NTCT traded up $0.26 during mid-day trading on Friday, reaching $20.73. 442,653 shares of the company's stock traded hands, compared to its average volume of 510,278. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89. The company has a fifty day simple moving average of $22.75 and a 200-day simple moving average of $21.88. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -3.54 and a beta of 0.64.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share 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%. As a group, equities research analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on NTCT shares. StockNews.com upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada raised their target price on NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, January 31st.
View Our Latest Stock Analysis on NetScout Systems
Insider Transactions at NetScout Systems
In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares in the company, valued at approximately $844,661.83. This trade represents 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 the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the transaction, 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 quarter, insiders sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is currently owned by corporate insiders.
NetScout Systems Profile
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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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