NetScout Systems, Inc. (NASDAQ:NTCT) COO Sells $152,555.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction 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 directly owns 35,989 shares in the company, valued at $844,661.83. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NetScout Systems Trading Down 2.4 %

NTCT opened at $24.07 on Friday. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The company has a market cap of $1.73 billion, a P/E ratio of -4.11 and a beta of 0.60. 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 business’s 50-day simple moving average is $22.36 and its 200-day simple moving average is $21.27.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts expect that NetScout Systems, Inc. will post 1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NTCT shares. Royal Bank of Canada upped their price target on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of NetScout Systems by 32.1% in the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after purchasing an additional 477 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in NetScout Systems by 3.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock worth $340,000 after purchasing an additional 527 shares during the last quarter. Natixis Advisors LLC increased its position in NetScout Systems by 2.2% during the third quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock worth $615,000 after buying an additional 606 shares in the last quarter. Covestor Ltd increased its position in NetScout Systems by 25.7% during the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock worth $78,000 after buying an additional 737 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in NetScout Systems by 3.4% during the fourth quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company’s stock worth $519,000 after buying an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Company 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.