NetScout Systems, Inc. (NASDAQ:NTCT) EVP Sells $72,750.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 130,352 shares in the company, valued at $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $24.30 on Friday. The business’s 50-day moving average price is $22.73 and its 200-day moving average price is $21.61. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -4.15 and a beta of 0.60. 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 (NASDAQ:NTCT) last announced its quarterly 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%. Equities research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NTCT. Royal Bank of Canada raised 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. StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

Institutional Trading of NetScout Systems

A number of hedge funds have recently made changes to their positions in NTCT. Russell Investments Group Ltd. lifted its stake in shares of NetScout Systems by 1,214.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,263 shares during the period. Quarry LP lifted its stake in shares of NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,150 shares during the period. FMR LLC lifted its stake in shares of NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after acquiring an additional 477 shares during the period. Sterling Capital Management LLC lifted its stake in shares of NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock worth $48,000 after acquiring an additional 1,973 shares during the period. Finally, KBC Group NV lifted its stake in shares of NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after acquiring an additional 1,066 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

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.