NetScout Systems (NASDAQ:NTCT) Stock Price Up 0.8% – Here’s Why

NetScout Systems, Inc. (NASDAQ:NTCT) shares rose 0.8% on Monday . The company traded as high as $21.15 and last traded at $20.90. Approximately 44,461 shares traded hands during trading, a decline of 91% from the average daily volume of 508,442 shares. The stock had previously closed at $20.73.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NTCT shares. Royal Bank of Canada raised their price target on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

NetScout Systems Stock Up 1.0 %

The company has a fifty day simple moving average of $22.75 and a 200-day simple moving average of $21.88. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.50 billion, a P/E ratio of -3.57 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data 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%. On average, equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Activity at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the transaction, the insider now owns 71,361 shares in the company, valued at $1,706,955.12. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the sale, the chief operating officer now directly owns 35,989 shares in the company, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by company insiders.

Institutional Trading of NetScout Systems

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in shares of NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,263 shares during the last quarter. Quarry LP grew its position in NetScout Systems by 316.8% in the 3rd 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 grew its position in NetScout Systems by 32.1% in the 3rd 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. Sterling Capital Management LLC grew its position in NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock valued at $48,000 after acquiring an additional 1,973 shares during the last quarter. Finally, KBC Group NV grew its position in NetScout Systems by 52.4% in the 3rd 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. 91.64% of the stock is currently owned by institutional investors.

About NetScout Systems

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.