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 NetScout Systems 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 sale, the chief operating officer now directly owns 35,989 shares in the company, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NetScout Systems Stock Up 0.7 %

NASDAQ NTCT opened at $24.23 on Friday. The business’s fifty day simple moving average is $22.41 and its 200-day simple moving average is $21.31. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.74 billion, a PE ratio of -4.13 and a beta of 0.60. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $27.89.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new position in NetScout Systems during the 2nd quarter worth about $966,000. The Manufacturers Life Insurance Company increased its stake in NetScout Systems by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 34,731 shares of the technology company’s stock worth $635,000 after purchasing an additional 1,084 shares during the period. SG Americas Securities LLC acquired a new stake in shares of NetScout Systems during the third quarter worth about $601,000. CWM LLC boosted its stake in shares of NetScout Systems by 250.8% in the third quarter. CWM LLC now owns 6,409 shares of the technology company’s stock valued at $139,000 after purchasing an additional 4,582 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of NetScout Systems by 12.8% in the third quarter. Wedge Capital Management L L P NC now owns 69,795 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 7,918 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NTCT shares. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report 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.