Teacher Retirement System of Texas Increases Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Teacher Retirement System of Texas increased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 182.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 137,570 shares of the technology company’s stock after purchasing an additional 88,945 shares during the period. Teacher Retirement System of Texas’ holdings in NetScout Systems were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NTCT. Quarry LP grew its position in shares of NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,150 shares in the last quarter. FMR LLC grew 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 valued at $43,000 after buying an additional 477 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after buying an additional 508 shares during the period. KBC Group NV lifted its holdings in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock worth $97,000 after buying an additional 1,398 shares in the last quarter. Finally, Quest Partners LLC grew its stake in NetScout Systems by 91.0% during the third quarter. Quest Partners LLC now owns 7,613 shares of the technology company’s stock valued at $166,000 after acquiring an additional 3,627 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on NTCT shares. Royal Bank of Canada increased their target price 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. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

NetScout Systems Trading Down 0.5 %

Shares of NetScout Systems stock opened at $21.74 on Wednesday. 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 1 year low of $17.10 and a 1 year high of $27.89. The firm has a market cap of $1.56 billion, a PE ratio of -3.71 and a beta of 0.64. The company has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $21.91.

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

Insider Activity

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 transaction of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean A. Bua sold 11,999 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the sale, the insider now directly owns 71,361 shares of the company’s stock, valued at $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is currently owned by insiders.

NetScout Systems 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.