TIAA CREF Investment Management LLC Has $6.40 Million Stake in NetScout Systems (NTCT)

TIAA CREF Investment Management LLC reduced its stake in NetScout Systems (NASDAQ:NTCT) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,195 shares of the technology company’s stock after selling 23,380 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.24% of NetScout Systems worth $6,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of NetScout Systems by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 937,973 shares of the technology company’s stock valued at $28,560,000 after acquiring an additional 131,198 shares in the last quarter. First Trust Advisors LP raised its stake in shares of NetScout Systems by 47.1% in the fourth quarter. First Trust Advisors LP now owns 543,980 shares of the technology company’s stock valued at $16,564,000 after acquiring an additional 174,147 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of NetScout Systems by 6.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 522,280 shares of the technology company’s stock valued at $15,904,000 after acquiring an additional 31,577 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of NetScout Systems by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 381,556 shares of the technology company’s stock valued at $11,618,000 after acquiring an additional 10,939 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of NetScout Systems by 47.3% in the fourth quarter. Royce & Associates LP now owns 379,671 shares of the technology company’s stock valued at $11,561,000 after acquiring an additional 121,971 shares in the last quarter.

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Several analysts have recently issued reports on the company. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. DA Davidson cut NetScout Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $27.00 in a research note on Wednesday, January 10th. Craig Hallum set a $23.00 price objective on NetScout Systems and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, B. Riley increased their price objective on NetScout Systems from $28.50 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. NetScout Systems presently has a consensus rating of “Hold” and a consensus price target of $28.50.

NASDAQ:NTCT opened at $26.95 on Monday. The firm has a market capitalization of $2,364.94, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.48 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 1.70. NetScout Systems has a 12 month low of $25.33 and a 12 month high of $38.47.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $272.00 million for the quarter, compared to analyst estimates of $271.36 million. NetScout Systems had a return on equity of 5.34% and a net margin of 7.95%. NetScout Systems’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. analysts predict that NetScout Systems will post 1.04 EPS for the current fiscal year.

In related news, insider John Downing sold 3,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $28.20, for a total value of $84,600.00. Following the transaction, the insider now owns 47,427 shares of the company’s stock, valued at $1,337,441.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.51% of the company’s stock.

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NetScout Systems Company Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for service assurance, and cybersecurity solutions 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 WiFi networks, as well as gain timely insight into services, applications, and systems.

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

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