NetScout Systems (NASDAQ:NTCT) Stock Price Up 0% – Here’s What Happened

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) rose 0% on Wednesday . The stock traded as high as $21.76 and last traded at $21.56. Approximately 33,389 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 435,328 shares. The stock had previously closed at $21.55.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTCT. Royal Bank of Canada raised their target price on NetScout Systems from $22.00 to $25.00 and gave the company 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 research report on Tuesday, December 10th.

NetScout Systems Price Performance

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 business’s fifty day moving average is $22.85 and its 200 day moving average is $21.86. The company has a market cap of $1.56 billion, a P/E ratio of -3.71 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT) last released its 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%. As a group, sell-side analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Activity at NetScout Systems

In other news, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the completion of the transaction, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their position. 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. Company insiders own 3.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NTCT. Mackenzie Financial Corp increased its holdings in shares of NetScout Systems by 89.1% in the 4th quarter. Mackenzie Financial Corp now owns 121,495 shares of the technology company’s stock worth $2,632,000 after buying an additional 57,239 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NetScout Systems by 7.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,172 shares of the technology company’s stock worth $4,292,000 after purchasing an additional 13,970 shares during the period. Vident Advisory LLC raised its holdings in NetScout Systems by 4.4% during the 4th quarter. Vident Advisory LLC now owns 23,030 shares of the technology company’s stock valued at $499,000 after buying an additional 970 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of NetScout Systems by 535.5% during the fourth quarter. Squarepoint Ops LLC now owns 136,059 shares of the technology company’s stock worth $2,947,000 after purchasing an additional 114,648 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of NetScout Systems by 4.4% in the fourth quarter. Tidal Investments LLC now owns 30,514 shares of the technology company’s stock worth $661,000 after purchasing an additional 1,294 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.