John Downing Sells 3,000 Shares of NetScout Systems, Inc. (NASDAQ:NTCT) Stock

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

NetScout Systems Stock Up 0.5 %

NTCT stock opened at $24.30 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -4.15 and a beta of 0.60. The business’s fifty day moving average price is $22.73 and its two-hundred day moving average price is $21.61. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTCT. Pacer Advisors Inc. increased its position in shares of NetScout Systems by 224,935.8% in the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after purchasing an additional 2,055,913 shares during the period. Legal & General Group Plc increased its position in shares of NetScout Systems by 12.2% in the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company’s stock worth $89,202,000 after purchasing an additional 448,537 shares during the period. JPMorgan Chase & Co. increased its position in shares of NetScout Systems by 137.7% in the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company’s stock worth $8,410,000 after purchasing an additional 224,925 shares during the period. Assenagon Asset Management S.A. increased its position in shares of NetScout Systems by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock worth $22,916,000 after purchasing an additional 207,171 shares during the period. Finally, Norges Bank bought a new position in shares of NetScout Systems in the fourth quarter worth $4,480,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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

About NetScout Systems

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.