NetScout Systems (NASDAQ:NTCT) Downgraded by BidaskClub

BidaskClub downgraded shares of NetScout Systems (NASDAQ:NTCT) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

Several other brokerages also recently commented on NTCT. Zacks Investment Research upgraded NetScout Systems from a sell rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine downgraded NetScout Systems from a buy rating to a hold rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. NetScout Systems has a consensus rating of Hold and an average target price of $29.00.

Shares of NTCT opened at $22.06 on Friday. The business’s fifty day simple moving average is $24.69 and its two-hundred day simple moving average is $26.42. The company has a current ratio of 1.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.28. NetScout Systems has a 12 month low of $21.19 and a 12 month high of $30.30. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.31 and a beta of 1.33.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, August 1st. The technology company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. NetScout Systems had a positive return on equity of 3.35% and a negative net margin of 4.51%. The business had revenue of $186.10 million for the quarter, compared to the consensus estimate of $196.98 million. During the same period last year, the business posted $0.03 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. As a group, research analysts forecast that NetScout Systems will post 0.93 EPS for the current year.

In other news, COO Michael Szabados sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.42, for a total value of $134,520.00. Following the transaction, the chief operating officer now directly owns 61,093 shares in the company, valued at approximately $1,369,705.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $22.03, for a total value of $66,090.00. Following the completion of the transaction, the executive vice president now owns 105,854 shares in the company, valued at $2,331,963.62. The disclosure for this sale can be found here. Company insiders own 4.06% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NTCT. Dimensional Fund Advisors LP grew its holdings in shares of NetScout Systems by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,697,908 shares of the technology company’s stock worth $158,272,000 after purchasing an additional 41,669 shares in the last quarter. FMR LLC boosted its stake in NetScout Systems by 10.3% in the fourth quarter. FMR LLC now owns 102,271 shares of the technology company’s stock valued at $2,417,000 after buying an additional 9,564 shares in the last quarter. Geode Capital Management LLC boosted its stake in NetScout Systems by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 833,247 shares of the technology company’s stock valued at $19,689,000 after buying an additional 25,915 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in NetScout Systems by 12,180.9% in the first quarter. Meeder Asset Management Inc. now owns 28,246 shares of the technology company’s stock valued at $793,000 after buying an additional 28,016 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in NetScout Systems by 1,108.0% in the first quarter. BNP Paribas Arbitrage SA now owns 15,788 shares of the technology company’s stock valued at $443,000 after buying an additional 14,481 shares in the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

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.

Recommended Story: How interest rates affect municipal bond prices

Receive News & Ratings for NetScout Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetScout Systems and related companies with MarketBeat.com's FREE daily email newsletter.