CWM Advisors LLC bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,440 shares of the technology company’s stock, valued at approximately $247,000.
Several other hedge funds also recently bought and sold shares of NTCT. Campbell & CO Investment Adviser LLC bought a new position in shares of NetScout Systems in the fourth quarter worth about $491,000. Virginia Retirement Systems ET AL bought a new position in shares of NetScout Systems in the fourth quarter worth about $272,000. SG Americas Securities LLC raised its holdings in NetScout Systems by 2.5% in the 4th quarter. SG Americas Securities LLC now owns 20,743 shares of the technology company’s stock valued at $499,000 after buying an additional 499 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in NetScout Systems by 88.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 44,640 shares of the technology company’s stock valued at $1,070,000 after buying an additional 21,000 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in NetScout Systems by 76.5% in the 4th quarter. Advisory Services Network LLC now owns 5,073 shares of the technology company’s stock valued at $122,000 after buying an additional 2,199 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP John Downing sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $25.76, for a total transaction of $283,360.00. Following the completion of the sale, the executive vice president now owns 86,945 shares of the company’s stock, valued at approximately $2,239,703.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $25.97, for a total transaction of $155,820.00. Following the sale, the chief operating officer now directly owns 37,230 shares of the company’s stock, valued at approximately $966,863.10. The disclosure for this sale can be found here. 4.06% of the stock is currently owned by company insiders.
NetScout Systems stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.60 and a current ratio of 1.65. NetScout Systems, Inc. has a 52-week low of $19.11 and a 52-week high of $29.62. The firm has a 50 day moving average price of $25.63 and a two-hundred day moving average price of $25.19. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 4.37 and a beta of 1.10.
NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. NetScout Systems had a negative net margin of 0.31% and a positive return on equity of 3.83%. The firm had revenue of $229.40 million during the quarter, compared to analyst estimates of $228.13 million. During the same quarter last year, the business earned $0.66 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that NetScout Systems, Inc. will post 1.16 EPS for the current fiscal year.
NTCT has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on shares of NetScout Systems from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. BidaskClub upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Thursday, March 19th. Lake Street Capital dropped their price objective on shares of NetScout Systems from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, April 17th. Finally, Zacks Investment Research lowered shares of NetScout Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.25.
About NetScout Systems
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.
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