NetScout Systems, Inc. (NTCT) Stake Raised by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 0.4% in the 1st quarter, Holdings Channel reports. The firm owned 229,440 shares of the technology company’s stock after purchasing an additional 990 shares during the period. Rhumbline Advisers’ holdings in NetScout Systems were worth $6,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its position in NetScout Systems by 3.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,895 shares of the technology company’s stock valued at $423,000 after acquiring an additional 571 shares during the last quarter. Washington Capital Management Inc. lifted its position in NetScout Systems by 16.6% in the fourth quarter. Washington Capital Management Inc. now owns 20,400 shares of the technology company’s stock valued at $482,000 after acquiring an additional 2,900 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in NetScout Systems in the fourth quarter valued at $74,000. Morgan Stanley lifted its position in NetScout Systems by 1.1% in the third quarter. Morgan Stanley now owns 362,300 shares of the technology company’s stock valued at $9,147,000 after acquiring an additional 3,809 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in NetScout Systems by 0.7% in the fourth quarter. First Trust Advisors LP now owns 969,727 shares of the technology company’s stock valued at $22,915,000 after acquiring an additional 6,283 shares during the last quarter.

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

Shares of NASDAQ:NTCT opened at $25.36 on Friday. NetScout Systems, Inc. has a one year low of $21.58 and a one year high of $31.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.11 and a quick ratio of 2.04. The stock has a market capitalization of $2.01 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.80 and a beta of 1.31.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. NetScout Systems had a negative net margin of 8.06% and a positive return on equity of 3.16%. The business had revenue of $235.00 million during the quarter, compared to analysts’ expectations of $235.04 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that NetScout Systems, Inc. will post 0.93 EPS for the current year.

NTCT has been the subject of a number of research reports. Zacks Investment Research raised shares of NetScout Systems from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Friday, February 1st. ValuEngine cut shares of NetScout Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Piper Jaffray Companies cut shares of NetScout Systems from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $30.00 in a report on Wednesday, April 10th. Finally, BidaskClub cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. NetScout Systems has an average rating of “Hold” and a consensus target price of $29.00.

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NetScout Systems Company Profile

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.

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

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