Thrivent Financial For Lutherans raised its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,250 shares of the technology company’s stock after buying an additional 1,820 shares during the period. Thrivent Financial For Lutherans’ holdings in NetScout Systems were worth $655,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NTCT. PNC Financial Services Group Inc. increased its stake in shares of NetScout Systems by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,841 shares of the technology company’s stock worth $754,000 after buying an additional 226 shares in the last quarter. Advantus Capital Management Inc increased its stake in shares of NetScout Systems by 3.3% in the first quarter. Advantus Capital Management Inc now owns 11,752 shares of the technology company’s stock worth $446,000 after buying an additional 371 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of NetScout Systems by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 32,185 shares of the technology company’s stock worth $1,221,000 after buying an additional 400 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of NetScout Systems by 1.1% in the first quarter. State Treasurer State of Michigan now owns 37,300 shares of the technology company’s stock worth $1,416,000 after buying an additional 400 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of NetScout Systems by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the technology company’s stock worth $880,000 after buying an additional 600 shares in the last quarter.

Shares of NetScout Systems, Inc. (NTCT) opened at 34.20 on Friday. The firm has a market capitalization of $3.14 billion, a P/E ratio of 95.00 and a beta of 1.62. NetScout Systems, Inc. has a one year low of $21.46 and a one year high of $38.48. The firm’s 50-day moving average is $35.92 and its 200 day moving average is $35.41.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.10. NetScout Systems had a return on equity of 6.33% and a net margin of 2.84%. The firm had revenue of $318.92 million for the quarter, compared to analyst estimates of $327.10 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts predict that NetScout Systems, Inc. will post $2.00 earnings per share for the current year.

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NTCT has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of NetScout Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. BidaskClub upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley reiterated a “buy” rating and issued a $42.00 price target on shares of NetScout Systems in a research report on Friday, May 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. NetScout Systems currently has an average rating of “Hold” and an average target price of $36.50.

In other news, Director Victor Demarines sold 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $35.88, for a total transaction of $193,752.00. Following the transaction, the director now directly owns 17,732 shares of the company’s stock, valued at $636,224.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Downing sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $34.60, for a total value of $34,600.00. Following the transaction, the insider now directly owns 112,215 shares in the company, valued at $3,882,639. The disclosure for this sale can be found here. Insiders have sold 11,400 shares of company stock worth $402,002 over the last ninety days. 3.30% of the stock is 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.

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

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