Insider Selling: NetScout Systems, Inc. (NASDAQ:NTCT) EVP Sells $72,750.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred 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 in the company, valued at $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

NetScout Systems Trading Down 2.5 %

NTCT stock opened at $23.70 on Friday. The business has a fifty day moving average price of $22.76 and a 200 day moving average price of $21.65. 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, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -4.04 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS 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%. Analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NetScout Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Russell Investments Group Ltd. lifted its position in shares of NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,263 shares in the last quarter. Quarry LP raised its position in NetScout Systems by 316.8% in the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,150 shares during the last quarter. FMR LLC lifted its holdings in NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after buying an additional 477 shares in the last quarter. Sterling Capital Management LLC boosted its position in NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock valued at $48,000 after buying an additional 1,973 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of NetScout Systems by 52.4% in the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after buying an additional 1,066 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.