New York State Teachers Retirement System reduced its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 118,988 shares of the technology company’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned 0.13% of NetScout Systems worth $4,516,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its position in NetScout Systems by 31.8% in the first quarter. Bank of Montreal Can now owns 3,040 shares of the technology company’s stock worth $115,000 after buying an additional 734 shares during the last quarter. World Asset Management Inc bought a new position in NetScout Systems during the first quarter worth $213,000. Credit Agricole S A bought a new position in NetScout Systems during the first quarter worth $246,000. Capstone Asset Management Co. bought a new position in NetScout Systems during the first quarter worth $247,000. Finally, HPM Partners LLC bought a new position in NetScout Systems during the first quarter worth $273,000.

NetScout Systems, Inc. (NTCT) traded up 0.74% on Friday, reaching $34.00. The company had a trading volume of 668,965 shares. The stock has a 50 day moving average price of $34.87 and a 200 day moving average price of $35.78. The stock has a market capitalization of $3.10 billion, a PE ratio of 172.59 and a beta of 1.61. NetScout Systems, Inc. has a 52-week low of $26.25 and a 52-week high of $38.47.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The business had revenue of $225.80 million for the quarter, compared to analyst estimates of $225.66 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was down 16.1% compared to the same quarter last year. Analysts expect that NetScout Systems, Inc. will post $2.06 EPS for the current year.

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NTCT has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of NetScout Systems in a report on Wednesday. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut NetScout Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.00.

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $34.73, for a total value of $173,650.00. Following the completion of the sale, the chief operating officer now directly owns 38,257 shares of the company’s stock, valued at $1,328,665.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Victor Demarines sold 5,400 shares of the business’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 completion of the sale, the director now directly owns 17,732 shares of the company’s stock, valued at $636,224.16. The disclosure for this sale can be found here. Insiders have sold 16,400 shares of company stock worth $575,002 over the last ninety days. 3.30% of the stock is currently owned by insiders.

About NetScout Systems

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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