Wealthfront Advisers LLC Makes New $2.40 Million Investment in NetScout Systems, Inc. (NASDAQ:NTCT)

Wealthfront Advisers LLC purchased a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 110,582 shares of the technology company’s stock, valued at approximately $2,395,000. Wealthfront Advisers LLC owned approximately 0.15% of NetScout Systems as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NTCT. Pacer Advisors Inc. raised its position in shares of NetScout Systems by 224,935.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock valued at $44,736,000 after buying an additional 2,055,913 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NetScout Systems by 66.5% during 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 buying an additional 178,269 shares in the last quarter. Barclays PLC raised its position in shares of NetScout Systems by 102.9% during the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock valued at $6,013,000 after buying an additional 140,237 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of NetScout Systems by 32.0% during the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock valued at $10,766,000 after buying an additional 120,000 shares in the last quarter. Finally, State Street Corp raised its position 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 valued at $67,388,000 after buying an additional 109,569 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT opened at $20.73 on Friday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.54 and a beta of 0.64. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The firm’s 50-day moving average is $22.75 and its 200 day moving average is $21.87. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. Research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now directly owns 35,989 shares in the company, 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 available at this hyperlink. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares in the company, valued at $3,161,036. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 in the last three months. Corporate insiders own 3.71% of the company’s stock.

Wall Street Analysts Forecast Growth

NTCT has been the topic of several analyst reports. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, January 31st.

NetScout Systems 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.