NetScout Systems, Inc. (NASDAQ:NTCT) Insider Jean A. Bua Sells 11,999 Shares

NetScout Systems, Inc. (NASDAQ:NTCT) insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the transaction, the insider now owns 71,361 shares in the company, valued at $1,706,955.12. This represents a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NetScout Systems Stock Down 1.1 %

NTCT opened at $24.22 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The firm’s fifty day moving average is $22.61 and its 200 day moving average is $21.50. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -4.13 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. On average, sell-side analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st.

Institutional Trading of NetScout Systems

Several hedge funds have recently bought and sold shares of the stock. PDT Partners LLC lifted its stake in NetScout Systems by 22.1% in the 4th quarter. PDT Partners LLC now owns 58,108 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 10,510 shares in the last quarter. AQR Capital Management LLC lifted its stake in NetScout Systems by 61.1% in the 4th quarter. AQR Capital Management LLC now owns 426,865 shares of the technology company’s stock worth $9,220,000 after purchasing an additional 161,915 shares in the last quarter. Northern Trust Corp lifted its stake in NetScout Systems by 2.1% in the 4th quarter. Northern Trust Corp now owns 795,610 shares of the technology company’s stock worth $17,233,000 after purchasing an additional 16,013 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in NetScout Systems in the 4th quarter worth $406,000. Finally, Voya Investment Management LLC lifted its stake in NetScout Systems by 53.1% in the 4th quarter. Voya Investment Management LLC now owns 52,503 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 18,214 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.