NetScout Systems (NASDAQ:NTCT) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of NetScout Systems (NASDAQ:NTCT) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

NetScout Systems Stock Up 2.0 %

NASDAQ NTCT opened at $22.77 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. NetScout Systems has a 12 month low of $17.10 and a 12 month high of $24.42. The stock’s 50 day moving average is $21.60 and its 200 day moving average is $20.25. The stock has a market cap of $1.63 billion, a PE ratio of -2.71 and a beta of 0.58.

Insider Buying and Selling at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the completion of the transaction, the chief operating officer now owns 42,489 shares in the company, valued at $905,865.48. This trade represents a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NetScout Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of NetScout Systems by 3.7% during the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company’s stock worth $67,388,000 after acquiring an additional 109,569 shares in the last quarter. Pacer Advisors Inc. raised its stake in NetScout Systems by 224,935.8% during the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock valued at $44,736,000 after purchasing an additional 2,055,913 shares in the last quarter. Geode Capital Management LLC raised its stake in NetScout Systems by 4.4% during the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock valued at $41,975,000 after purchasing an additional 81,154 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in NetScout Systems by 2.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,275,726 shares of the technology company’s stock valued at $23,333,000 after purchasing an additional 35,811 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NetScout Systems by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company’s stock worth $25,348,000 after buying an additional 108,258 shares in the last quarter. 91.64% of the stock is 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.