Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,379 shares of the technology company’s stock after selling 2,075 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.10% of NetScout Systems worth $2,045,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of NetScout Systems by 0.7% in the 1st quarter. BlackRock Inc. now owns 12,301,739 shares of the technology company’s stock valued at $394,640,000 after acquiring an additional 90,198 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NetScout Systems by 2.5% during the first quarter. Vanguard Group Inc. now owns 7,914,715 shares of the technology company’s stock worth $253,904,000 after buying an additional 190,432 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in NetScout Systems by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,663,701 shares of the technology company’s stock worth $184,126,000 after buying an additional 240,812 shares in the last quarter. Legal & General Group Plc boosted its holdings in NetScout Systems by 12.6% during the fourth quarter. Legal & General Group Plc now owns 3,286,109 shares of the technology company’s stock worth $106,831,000 after buying an additional 367,604 shares in the last quarter. Finally, State Street Corp boosted its holdings in NetScout Systems by 3.4% during the first quarter. State Street Corp now owns 2,841,865 shares of the technology company’s stock worth $91,167,000 after buying an additional 92,978 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NTCT has been the topic of a number of recent analyst reports. TheStreet downgraded shares of NetScout Systems from a “b-” rating to a “c+” rating in a report on Thursday, May 4th. StockNews.com initiated coverage on shares of NetScout Systems in a report on Thursday. They set a “strong-buy” rating on the stock. Finally, Piper Sandler raised shares of NetScout Systems from an “underweight” rating to a “neutral” rating and set a $30.00 price target on the stock in a report on Friday, May 5th.
NetScout Systems Stock Performance
NASDAQ:NTCT opened at $28.21 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.39 and a current ratio of 1.43. The company has a fifty day moving average of $29.40 and a two-hundred day moving average of $29.27. The stock has a market capitalization of $2.04 billion, a PE ratio of 33.19 and a beta of 0.69. NetScout Systems, Inc. has a fifty-two week low of $25.90 and a fifty-two week high of $38.02.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $209.60 million. NetScout Systems had a return on equity of 5.75% and a net margin of 6.83%. As a group, research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other NetScout Systems news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $27.90, for a total transaction of $83,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,115 shares in the company, valued at $3,267,508.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John Downing sold 3,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $27.90, for a total value of $83,700.00. Following the completion of the sale, the executive vice president now directly owns 117,115 shares in the company, valued at $3,267,508.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Szabados sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.80, for a total transaction of $139,000.00. Following the completion of the sale, the chief operating officer now owns 36,084 shares of the company’s stock, valued at $1,003,135.20. The disclosure for this sale can be found here. 3.59% of the stock is currently owned by company 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.
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