ExodusPoint Capital Management LP Buys Shares of 31,431 NetScout Systems, Inc. (NASDAQ:NTCT)

ExodusPoint Capital Management LP purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,431 shares of the technology company’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after buying an additional 477 shares during the period. PNC Financial Services Group Inc. grew its position in shares of NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after acquiring an additional 508 shares during the period. KBC Group NV increased its stake in shares of NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,398 shares in the last quarter. Inceptionr LLC bought a new position in NetScout Systems in the 4th quarter worth $221,000. Finally, KLP Kapitalforvaltning AS purchased a new position in NetScout Systems during the fourth quarter valued at $297,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NASDAQ:NTCT opened at $20.19 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of -3.45 and a beta of 0.66. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89. The firm’s 50 day simple moving average is $21.99 and its two-hundred day simple moving average is $21.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. Research analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target 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.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total transaction of $152,555.00. Following the completion of the sale, the chief operating officer now directly owns 35,989 shares of the company’s stock, valued at $844,661.83. This trade represents a 15.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 71,361 shares in the company, valued at $1,706,955.12. This trade represents a 14.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock valued at $512,321 over the last 90 days. Company 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.