NetScout Systems, Inc. (NASDAQ:NTCT) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 187.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,692 shares of the technology company's stock after purchasing an additional 21,320 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in NetScout Systems were worth $708,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NTCT. Ieq Capital LLC acquired a new stake in shares of NetScout Systems during the 4th quarter worth about $553,000. New York State Common Retirement Fund increased its position in shares of NetScout Systems by 3.4% during the fourth quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company's stock valued at $519,000 after acquiring an additional 792 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of NetScout Systems by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company's stock valued at $7,530,000 after acquiring an additional 11,617 shares during the last quarter. Empowered Funds LLC raised its stake in shares of NetScout Systems by 4.9% in the 4th quarter. Empowered Funds LLC now owns 43,148 shares of the technology company's stock valued at $935,000 after acquiring an additional 2,008 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of NetScout Systems by 6.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 323,698 shares of the technology company's stock worth $7,011,000 after acquiring an additional 18,244 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of NetScout Systems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st.

NetScout Systems Trading Up 0.2 %

NASDAQ:NTCT traded up $0.05 on Tuesday, reaching $21.75. 183,543 shares of the company's stock were exchanged, compared to its average volume of 439,279. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -3.71 and a beta of 0.60. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $22.86 and a 200-day moving average of $21.85.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. As a group, analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now owns 35,989 shares of the company's stock, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems 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 completion of the transaction, the executive vice president now owns 130,352 shares of the company's stock, valued at $3,161,036. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock valued at $512,321 in the last quarter. Corporate insiders own 3.71% of the company's stock.

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.