NetScout Systems, Inc. (NTCT) Shares Bought by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,135 shares of the technology company’s stock after purchasing an additional 4,663 shares during the period. United Capital Financial Advisers LLC owned 0.09% of NetScout Systems worth $2,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTCT. Swiss National Bank raised its holdings in NetScout Systems by 1.5% in the 1st quarter. Swiss National Bank now owns 147,428 shares of the technology company’s stock valued at $3,885,000 after acquiring an additional 2,200 shares during the last quarter. Meadow Creek Investment Management LLC raised its holdings in NetScout Systems by 32.1% in the 4th quarter. Meadow Creek Investment Management LLC now owns 9,878 shares of the technology company’s stock valued at $301,000 after acquiring an additional 2,398 shares during the last quarter. Aperio Group LLC raised its holdings in NetScout Systems by 7.5% in the 1st quarter. Aperio Group LLC now owns 36,518 shares of the technology company’s stock valued at $962,000 after acquiring an additional 2,541 shares during the last quarter. CHICAGO TRUST Co NA raised its holdings in NetScout Systems by 28.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 11,969 shares of the technology company’s stock valued at $315,000 after acquiring an additional 2,686 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in NetScout Systems by 37.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,252 shares of the technology company’s stock valued at $312,000 after acquiring an additional 2,816 shares during the last quarter.

In other news, insider Jean A. Bua sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $27.22, for a total value of $136,100.00. Following the completion of the sale, the insider now owns 57,602 shares of the company’s stock, valued at approximately $1,567,926.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.51% of the company’s stock.

NetScout Systems opened at $30.25 on Friday, Marketbeat.com reports. NetScout Systems, Inc. has a 1-year low of $23.15 and a 1-year high of $36.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 1.74. The company has a market capitalization of $2.44 billion, a PE ratio of 30.56, a PEG ratio of 3.26 and a beta of 1.52.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. NetScout Systems had a net margin of 8.06% and a return on equity of 4.07%. The business had revenue of $238.50 million during the quarter, compared to analysts’ expectations of $254.42 million. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was down 25.2% on a year-over-year basis. equities analysts forecast that NetScout Systems, Inc. will post 0.93 earnings per share for the current fiscal year.

NTCT has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of NetScout Systems from a “hold” rating to a “strong sell” rating in a report on Friday, May 11th. BidaskClub upgraded shares of NetScout Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. ValuEngine upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Finally, DA Davidson reiterated a “hold” rating on shares of NetScout Systems in a report on Monday, May 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.50.

NetScout Systems Company Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for service assurance, and cybersecurity solutions 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 WiFi networks, as well as gain timely insight into services, applications, and systems.

Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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