Rodgers Brothers Inc. Sells 6,950 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Rodgers Brothers Inc. cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,700 shares of the technology company’s stock after selling 6,950 shares during the period. Rodgers Brothers Inc.’s holdings in NetScout Systems were worth $2,723,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTCT. JPMorgan Chase & Co. grew its position in NetScout Systems by 137.7% during the 4th quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company’s stock worth $8,410,000 after acquiring an additional 224,925 shares during the last quarter. Norges Bank bought a new stake in shares of NetScout Systems during the fourth quarter worth about $4,480,000. Prudential Financial Inc. increased its stake in shares of NetScout Systems by 102.9% in the fourth quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company’s stock valued at $8,503,000 after buying an additional 199,079 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in NetScout Systems by 34.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,611 shares of the technology company’s stock valued at $12,966,000 after buying an additional 152,224 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in NetScout Systems during the 4th quarter worth approximately $3,136,000. 91.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NTCT has been the subject of several recent research reports. 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 increased their price objective on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, January 31st.

Insider Activity at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the transaction, the executive vice president now directly owns 130,352 shares of the company’s stock, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the transaction, the chief operating officer now directly owns 35,989 shares in the company, valued at $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,499 shares of company stock worth $512,321 over the last quarter. Company insiders own 3.71% of the company’s stock.

NetScout Systems Price Performance

Shares of NTCT opened at $21.21 on Monday. The business has a 50-day moving average of $22.69 and a 200-day moving average of $21.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -3.62 and a beta of 0.64. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last released its quarterly 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%. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

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.