Inceptionr LLC Purchases Shares of 10,200 NetScout Systems, Inc. (NASDAQ:NTCT)

Inceptionr LLC purchased a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,200 shares of the technology company’s stock, valued at approximately $221,000.

A number of other large investors have also recently added to or reduced their stakes in NTCT. Quarry LP lifted its stake in NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,150 shares during the last quarter. FMR LLC lifted its stake in NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after acquiring an additional 477 shares during the last quarter. KBC Group NV lifted its stake in NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,066 shares during the last quarter. Covestor Ltd lifted its stake in NetScout Systems by 25.7% in the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock valued at $78,000 after acquiring an additional 737 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in NetScout Systems by 203.8% in the third quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company’s stock valued at $138,000 after acquiring an additional 4,252 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $20.84 on Tuesday. The firm has a 50-day moving average of $22.83 and a 200-day moving average of $21.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The stock has a market cap of $1.50 billion, a PE ratio of -3.56 and a beta of 0.64. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following the transaction, the executive vice president now directly owns 130,352 shares of the company’s stock, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the transaction, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTCT has been the subject of a number of research reports. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their target price on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note 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.