NetScout Systems, Inc. (NASDAQ:NTCT) COO Michael Szabados Sells 6,500 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the sale, the chief operating officer now directly owns 35,989 shares of the company’s stock, valued at $844,661.83. This represents a 15.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $24.67 on Thursday. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The stock has a 50-day simple moving average of $22.32 and a 200 day simple moving average of $21.25.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. On average, research analysts forecast that NetScout Systems, Inc. will post 1.6 EPS for the current fiscal year.

Hedge Funds Weigh In On NetScout Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTCT. Pacer Advisors Inc. increased 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 acquiring an additional 2,055,913 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NetScout Systems by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock valued at $22,916,000 after purchasing an additional 207,171 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NetScout Systems by 66.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company’s stock valued at $9,709,000 after purchasing an additional 178,269 shares during the period. Barclays PLC grew its stake in shares of NetScout Systems by 102.9% in the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock valued at $6,013,000 after purchasing an additional 140,237 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of NetScout Systems by 71.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company’s stock valued at $6,644,000 after purchasing an additional 127,200 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st.

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.