NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Versor Investments LP

Versor Investments LP cut its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,181 shares of the technology company’s stock after selling 6,352 shares during the quarter. Versor Investments LP’s holdings in NetScout Systems were worth $307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of NetScout Systems by 224,935.8% during the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after acquiring an additional 2,055,913 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in NetScout Systems by 66.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company’s stock worth $9,709,000 after purchasing an additional 178,269 shares in the last quarter. Barclays PLC grew its stake in NetScout Systems by 102.9% during the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock worth $6,013,000 after purchasing an additional 140,237 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in NetScout Systems by 71.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company’s stock worth $6,644,000 after purchasing an additional 127,200 shares during the period. Finally, Impax Asset Management Group plc raised its position in NetScout Systems by 32.0% in the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock valued at $10,766,000 after purchasing an additional 120,000 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $21.70 on Tuesday. The company has a market cap of $1.56 billion, a P/E ratio of -3.70 and a beta of 0.60. The firm has a fifty day moving average price of $22.86 and a 200 day moving average price of $21.85. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89.

NetScout Systems (NASDAQ:NTCT) last announced 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%. Sell-side analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Szabados sold 6,500 shares of the stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at $844,661.83. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now owns 130,352 shares in the company, valued at $3,161,036. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock worth $512,321 over the last 90 days. 3.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.