NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by LSV Asset Management

LSV Asset Management lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 205.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 257,700 shares of the technology company’s stock after purchasing an additional 173,400 shares during the period. LSV Asset Management owned about 0.36% of NetScout Systems worth $5,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after buying an additional 1,263 shares during the last quarter. FMR LLC grew its position in shares of NetScout Systems by 32.1% during 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 last quarter. PNC Financial Services Group Inc. increased its holdings in shares of NetScout Systems by 17.0% in 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 raised its position in NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Inceptionr LLC acquired a new stake in NetScout Systems during the 4th quarter worth $221,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Downing sold 3,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares of the company’s stock, valued at $3,161,036. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,499 shares of company stock worth $512,321 over the last ninety days. 3.71% of the stock is currently owned by company insiders.

NetScout Systems Trading Up 1.1 %

Shares of NTCT stock opened at $20.19 on Monday. The company has a market capitalization of $1.45 billion, a P/E ratio of -3.45 and a beta of 0.66. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $21.99 and its two-hundred day moving average is $21.92. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month 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, 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%. Equities analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price objective on shares of NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st.

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.