NetScout Systems, Inc. (NASDAQ:NTCT) EVP Sells $66,090.00 in Stock

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NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $22.03, for a total value of $66,090.00. Following the transaction, the executive vice president now directly owns 105,854 shares of the company’s stock, valued at approximately $2,331,963.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NTCT stock traded up $0.50 during trading hours on Tuesday, hitting $22.49. 327,230 shares of the stock traded hands, compared to its average volume of 418,674. The firm has a 50-day moving average of $25.10. NetScout Systems, Inc. has a one year low of $21.58 and a one year high of $30.30. The firm has a market capitalization of $1.70 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.42 and a beta of 1.33. The company has a current ratio of 1.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.28.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, August 1st. The technology company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. NetScout Systems had a positive return on equity of 3.35% and a negative net margin of 4.51%. The business had revenue of $186.10 million during the quarter, compared to analysts’ expectations of $196.98 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 0.93 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of NetScout Systems by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,697,908 shares of the technology company’s stock valued at $158,272,000 after purchasing an additional 41,669 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of NetScout Systems by 3.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 17,895 shares of the technology company’s stock worth $423,000 after buying an additional 571 shares during the last quarter. FMR LLC grew its position in shares of NetScout Systems by 10.3% in the 4th quarter. FMR LLC now owns 102,271 shares of the technology company’s stock worth $2,417,000 after buying an additional 9,564 shares during the last quarter. Norges Bank purchased a new position in shares of NetScout Systems in the 4th quarter worth approximately $32,308,000. Finally, Geode Capital Management LLC grew its position in shares of NetScout Systems by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 833,247 shares of the technology company’s stock worth $19,689,000 after buying an additional 25,915 shares during the last quarter.

Several brokerages recently weighed in on NTCT. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine cut NetScout Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $29.00.

NetScout Systems Company Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

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