Vanguard Group Inc. Increases Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Vanguard Group Inc. raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 9,006,874 shares of the technology company’s stock after buying an additional 194,962 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of NetScout Systems worth $197,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of NetScout Systems by 73.0% during the fourth quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock valued at $97,220,000 after acquiring an additional 1,869,529 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NetScout Systems by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 977,483 shares of the technology company’s stock worth $21,456,000 after purchasing an additional 60,772 shares in the last quarter. Northern Trust Corp lifted its position in shares of NetScout Systems by 1.5% in the 3rd quarter. Northern Trust Corp now owns 931,092 shares of the technology company’s stock worth $26,089,000 after purchasing an additional 14,068 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of NetScout Systems by 377.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 622,927 shares of the technology company’s stock valued at $13,673,000 after purchasing an additional 492,484 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of NetScout Systems by 20.1% during the third quarter. Invesco Ltd. now owns 501,824 shares of the technology company’s stock valued at $14,061,000 after buying an additional 83,891 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT opened at $18.72 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -8.91 and a beta of 0.60. The stock has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $20.81. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $31.04.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $203.44 million for the quarter, compared to analysts’ expectations of $215.94 million. NetScout Systems had a negative net margin of 17.81% and a positive return on equity of 5.11%. Research analysts predict that NetScout Systems, Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total value of $102,050.00. Following the transaction, the chief operating officer now owns 21,084 shares in the company, valued at approximately $430,324.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 13th.

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.