Stephens Inc. AR Grows Stake in NetScout Systems, Inc. (NTCT)

Stephens Inc. AR grew its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 20.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,918 shares of the technology company’s stock after acquiring an additional 1,989 shares during the quarter. Stephens Inc. AR’s holdings in NetScout Systems were worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTCT. Norges Bank purchased a new position in NetScout Systems during the fourth quarter worth approximately $32,308,000. Legal & General Group Plc lifted its position in NetScout Systems by 891.5% during the fourth quarter. Legal & General Group Plc now owns 995,042 shares of the technology company’s stock worth $23,512,000 after buying an additional 894,682 shares in the last quarter. Prudential Financial Inc. lifted its position in NetScout Systems by 200.8% during the fourth quarter. Prudential Financial Inc. now owns 1,012,978 shares of the technology company’s stock worth $23,936,000 after buying an additional 676,184 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in NetScout Systems by 2,038.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 678,701 shares of the technology company’s stock worth $29,000 after buying an additional 646,969 shares in the last quarter. Finally, Boston Partners lifted its position in NetScout Systems by 241.3% during the fourth quarter. Boston Partners now owns 295,730 shares of the technology company’s stock worth $6,988,000 after buying an additional 209,090 shares in the last quarter.

In other NetScout Systems news, insider Michael Szabados sold 6,000 shares of NetScout Systems stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $28.10, for a total value of $168,600.00. Following the sale, the insider now owns 37,403 shares in the company, valued at $1,051,024.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Monday, May 13th. The shares were sold at an average price of $26.41, for a total value of $79,230.00. The disclosure for this sale can be found here. 3.93% of the stock is owned by insiders.

NetScout Systems stock traded up $0.31 during trading on Friday, reaching $25.36. 23,800 shares of the company were exchanged, compared to its average volume of 391,011. NetScout Systems, Inc. has a 52-week low of $21.58 and a 52-week high of $31.77. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.80 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.04 and a current ratio of 2.11.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. NetScout Systems had a positive return on equity of 3.16% and a negative net margin of 8.06%. The company had revenue of $235.00 million for the quarter, compared to the consensus estimate of $235.04 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that NetScout Systems, Inc. will post 0.93 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Piper Jaffray Companies downgraded NetScout Systems from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $30.00 in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $29.00.

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About NetScout Systems

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

See Also: Green Investing

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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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