NetScout Systems, Inc. (NTCT) Stake Maintained by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System maintained its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,513 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in NetScout Systems were worth $1,276,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. increased its position in shares of NetScout Systems by 3.8% in the third quarter. Sei Investments Co. now owns 5,799 shares of the company’s stock worth $170,000 after buying an additional 212 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of NetScout Systems by 5.1% in the third quarter. LS Investment Advisors LLC now owns 5,927 shares of the company’s stock worth $173,000 after buying an additional 290 shares during the last quarter. Noesis Capital Mangement Corp acquired a new position in shares of NetScout Systems during the third quarter worth approximately $208,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of NetScout Systems during the third quarter worth approximately $214,000. Finally, Bank of Stockton acquired a new position in shares of NetScout Systems during the third quarter worth approximately $228,000.
Shares of NetScout Systems, Inc. (NASDAQ:NTCT) opened at 37.65 on Tuesday. The company has a 50-day moving average of $36.32 and a 200-day moving average of $32.01. NetScout Systems, Inc. has a 52-week low of $20.98 and a 52-week high of $38.40. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 495.39 and a beta of 1.43.
NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. NetScout Systems had a net margin of 0.65% and a return on equity of 5.54%. The company earned $311.40 million during the quarter, compared to analysts’ expectations of $309.20 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts anticipate that NetScout Systems, Inc. will post $1.89 EPS for the current year.
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NTCT has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $33.50 price target on shares of NetScout Systems in a report on Friday, January 27th. Craig Hallum downgraded shares of NetScout Systems from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Zacks Investment Research raised shares of NetScout Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 28th. Royal Bank of Canada downgraded shares of NetScout Systems from an “outperform” rating to a “sector perform” rating and set a $31.00 price target for the company. in a report on Thursday, January 19th. Finally, Pacific Crest downgraded shares of NetScout Systems from an “overweight” rating to a “sector weight” rating in a report on Monday, January 9th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.00.
In other news, COO Michael Szabados sold 5,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $32.99, for a total transaction of $164,950.00. Following the completion of the sale, the chief operating officer now owns 48,257 shares of the company’s stock, valued at $1,591,998.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Downing sold 1,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $32.99, for a total transaction of $32,990.00. Following the sale, the insider now directly owns 114,215 shares of the company’s stock, valued at approximately $3,767,952.85. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.
NetScout Systems Company Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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