Royce & Associates LP lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,600 shares of the technology company’s stock after selling 33,300 shares during the quarter. Royce & Associates LP owned approximately 0.23% of NetScout Systems worth $7,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Bridge City Capital LLC bought a new position in NetScout Systems in the 2nd quarter worth about $2,040,000. Marshall Wace North America L.P. bought a new position in NetScout Systems in the 2nd quarter worth about $720,000. BNP Paribas Arbitrage SA boosted its stake in NetScout Systems by 128.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 47,081 shares of the technology company’s stock worth $1,620,000 after purchasing an additional 26,428 shares during the period. Comerica Bank boosted its stake in NetScout Systems by 0.7% in the 2nd quarter. Comerica Bank now owns 71,181 shares of the technology company’s stock worth $2,402,000 after purchasing an additional 489 shares during the period. Finally, Legal & General Group Plc boosted its stake in NetScout Systems by 25.4% in the 2nd quarter. Legal & General Group Plc now owns 77,085 shares of the technology company’s stock worth $2,656,000 after purchasing an additional 15,608 shares during the period.

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In other news, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total value of $173,000.00. Following the completion of the transaction, the insider now owns 39,170 shares of the company’s stock, valued at $1,355,282. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.51% of the company’s stock.

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) opened at 32.75 on Tuesday. NetScout Systems, Inc. has a 12-month low of $26.25 and a 12-month high of $38.47. The stock has a market cap of $2.93 billion, a PE ratio of 166.24 and a beta of 1.62. The firm has a 50 day moving average price of $33.54 and a 200 day moving average price of $35.70.

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

NTCT has been the subject of several analyst reports. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. B. Riley restated a “buy” rating and issued a $42.00 target price on shares of NetScout Systems in a research note on Wednesday, May 10th. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.33.

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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