NetScout Systems, Inc. (NASDAQ:NTCT) Stake Boosted by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,505 shares of the technology company’s stock after acquiring an additional 4,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.35% of NetScout Systems worth $5,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. KBC Group NV lifted 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 last quarter. Impax Asset Management Group plc lifted its holdings in shares of NetScout Systems by 32.0% during the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock valued at $10,766,000 after buying an additional 120,000 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of NetScout Systems by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock valued at $615,000 after buying an additional 606 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of NetScout Systems by 91.0% during the 3rd quarter. Quest Partners LLC now owns 7,613 shares of the technology company’s stock valued at $166,000 after buying an additional 3,627 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted 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 last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the company’s 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 directly owns 130,352 shares in the company, valued at $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the company’s 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 transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock worth $512,321 over the last three months. 3.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NTCT has been the subject of several research reports. 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 boosted their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

NetScout Systems Stock Up 1.3 %

NTCT opened at $20.73 on Friday. The business has a 50 day moving average price of $22.75 and a 200 day moving average price of $21.88. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The firm has a market cap of $1.49 billion, a P/E ratio of -3.54 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last posted 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 positive return on equity of 6.76% and a negative net margin of 50.90%. Research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current 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.