WINTON GROUP Ltd Invests $1.06 Million in NetScout Systems, Inc. (NASDAQ:NTCT)

WINTON GROUP Ltd purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 48,695 shares of the technology company’s stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP increased its position in NetScout Systems by 316.8% during the 3rd 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 during the period. FMR LLC boosted its stake in shares of NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after purchasing an additional 477 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 raised its stake in 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, Hohimer Wealth Management LLC purchased a new stake in NetScout Systems during the third quarter worth $216,000. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares of the company’s stock, valued at $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jean A. Bua sold 11,999 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now directly owns 71,361 shares in the company, 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. Insiders sold 21,499 shares of company stock worth $512,321 in the last three months. Corporate insiders own 3.71% of the company’s stock.

Analysts Set New Price Targets

NTCT has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

NetScout Systems Price Performance

NASDAQ NTCT opened at $21.21 on Friday. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89. The firm’s fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $21.92. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.52 billion, a P/E ratio of -3.62 and a beta of 0.64.

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, beating 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 forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

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.