Trexquant Investment LP reduced its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 18.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,162 shares of the technology company’s stock after selling 1,838 shares during the period. Trexquant Investment LP’s holdings in NetScout Systems were worth $264,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Seven Bridges Advisors LLC purchased a new stake in shares of NetScout Systems in the 2nd quarter valued at about $109,000. Bank of Montreal Can lifted its holdings in shares of NetScout Systems by 8.9% in the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock valued at $113,000 after purchasing an additional 271 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of NetScout Systems by 74.5% in the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,968 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of NetScout Systems by 77.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock valued at $177,000 after purchasing an additional 2,258 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of NetScout Systems by 515.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock valued at $200,000 after purchasing an additional 4,950 shares during the last quarter.

Several research firms have recently weighed in on NTCT. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “sell” rating in a report on Thursday, November 2nd. BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 price objective on shares of NetScout Systems in a research note on Tuesday, October 10th. B. Riley reaffirmed a “buy” rating and set a $36.00 price objective on shares of NetScout Systems in a research note on Friday, October 27th. Finally, Craig Hallum reduced their price objective on NetScout Systems from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.20.

NetScout Systems, Inc. (NASDAQ:NTCT) opened at $29.15 on Friday. The stock has a market capitalization of $2,553.23, a P/E ratio of 22.20, a PEG ratio of 1.75 and a beta of 1.60. NetScout Systems, Inc. has a one year low of $27.65 and a one year high of $38.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 1.60.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $256.90 million during the quarter, compared to the consensus estimate of $251.13 million. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. research analysts anticipate that NetScout Systems, Inc. will post 1.59 earnings per share for the current year.

NetScout Systems announced that its Board of Directors has approved a share repurchase plan on Thursday, October 26th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In related news, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, the insider now owns 43,424 shares in the company, valued at approximately $1,224,122.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total value of $84,510.00. Following the completion of the sale, the executive vice president now owns 88,821 shares in the company, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. Corporate insiders own 3.51% of the company’s stock.

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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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