NetScout Systems, Inc. (NASDAQ:NTCT) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 102.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 392,566 shares of the technology company’s stock after acquiring an additional 199,079 shares during the quarter. Prudential Financial Inc.’s holdings in NetScout Systems were worth $8,503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of NetScout Systems by 4.4% during the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after purchasing an additional 81,154 shares during the last quarter. Victory Capital Management Inc. boosted its stake in NetScout Systems by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company’s stock worth $1,744,000 after buying an additional 28,583 shares during the last quarter. Citigroup Inc. grew its holdings in NetScout Systems by 28.4% in the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock valued at $3,551,000 after buying an additional 36,075 shares during the period. Weiss Asset Management LP acquired a new position in shares of NetScout Systems during the 3rd quarter valued at about $1,783,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NetScout Systems by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company’s stock worth $27,100,000 after acquiring an additional 85,713 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTCT has been the topic of a number of recent analyst reports. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price target on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st.

NetScout Systems Stock Down 2.4 %

Shares of NetScout Systems stock opened at $21.21 on Friday. The company has a fifty day moving average price of $22.69 and a 200 day moving average price of $21.94. 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, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -3.62 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate 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%. Equities research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now directly owns 71,361 shares in the company, valued at $1,706,955.12. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. Corporate insiders own 3.71% of the company’s stock.

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.