NetScout Systems (NASDAQ:NTCT) Shares Down 0% – Time to Sell?

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) dropped 0% during trading on Wednesday . The stock traded as low as $20.88 and last traded at $20.83. Approximately 89,093 shares traded hands during trading, a decline of 83% from the average daily volume of 535,128 shares. The stock had previously closed at $20.83.

Wall Street Analyst Weigh In

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

NetScout Systems Stock Performance

The stock has a 50-day moving average of $22.81 and a 200-day moving average of $21.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -3.60 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction of $152,555.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $72,750.00. Following the sale, the executive vice president now owns 130,352 shares of the company’s stock, valued at approximately $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 quarter. Company insiders own 3.71% of the company’s stock.

Institutional Trading of NetScout Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its position in shares of NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after buying an additional 1,263 shares during the last quarter. Quarry LP lifted its position in shares of NetScout Systems by 316.8% during the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after buying an additional 1,150 shares during the last quarter. FMR LLC raised its position in NetScout Systems by 32.1% in 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 during the last quarter. Sterling Capital Management LLC raised its position in NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,973 shares during the last quarter. Finally, KBC Group NV raised its position in NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,066 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.