Wedge Capital Management L L P NC Acquires 5,991 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Wedge Capital Management L L P NC raised its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,778 shares of the technology company’s stock after purchasing an additional 5,991 shares during the period. Wedge Capital Management L L P NC owned 0.05% of NetScout Systems worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of NetScout Systems by 3,236.8% in the fourth quarter. Signaturefd LLC now owns 1,268 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,230 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of NetScout Systems by 409.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,187 shares during the period. Covestor Ltd boosted its holdings in shares of NetScout Systems by 38.4% in the third quarter. Covestor Ltd now owns 1,952 shares of the technology company’s stock worth $54,000 after acquiring an additional 542 shares during the period. Aigen Investment Management LP purchased a new stake in shares of NetScout Systems in the third quarter worth $231,000. Finally, HighTower Advisors LLC purchased a new stake in shares of NetScout Systems in the third quarter worth $247,000. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In other news, COO Michael Szabados sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total transaction of $110,650.00. Following the completion of the sale, the chief operating officer now owns 26,084 shares of the company’s stock, valued at approximately $577,238.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total value of $110,650.00. Following the completion of the transaction, the chief operating officer now owns 26,084 shares of the company’s stock, valued at approximately $577,238.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $21.93, for a total transaction of $65,790.00. Following the completion of the transaction, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at approximately $2,436,751.95. The disclosure for this sale can be found here. Company insiders own 3.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded NetScout Systems from a “c” rating to a “d+” rating in a research report on Thursday, January 25th.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $19.90 on Friday. The stock’s 50-day simple moving average is $21.18 and its two-hundred day simple moving average is $21.62. NetScout Systems, Inc. has a twelve month low of $18.77 and a twelve month high of $31.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.55 and a current ratio of 1.59.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.33. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. The company had revenue of $218.07 million during the quarter, compared to analyst estimates of $200.08 million. As a group, equities research analysts predict that NetScout Systems, Inc. will post 1.4 earnings per share 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.