Caxton Associates LP Boosts Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Caxton Associates LP increased its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 54.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,831 shares of the technology company’s stock after buying an additional 11,954 shares during the quarter. Caxton Associates LP’s holdings in NetScout Systems were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of NetScout Systems by 76.9% in the 4th quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock worth $40,000 after buying an additional 797 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of NetScout Systems in the 2nd quarter worth approximately $38,000. Innealta Capital LLC purchased a new stake in shares of NetScout Systems in the 2nd quarter worth approximately $60,000. Gladius Capital Management LP purchased a new stake in shares of NetScout Systems in the 2nd quarter worth approximately $69,000. Finally, Quest Partners LLC purchased a new stake in NetScout Systems during the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity

In other news, COO Michael Szabados sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total transaction of $122,265.00. Following the transaction, the chief operating officer now directly owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Downing sold 4,247 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total transaction of $84,940.00. Following the transaction, the executive vice president now directly owns 131,590 shares of the company’s stock, valued at approximately $2,631,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Szabados sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total value of $122,265.00. Following the transaction, the chief operating officer now directly owns 43,434 shares in the company, valued at $816,993.54. The disclosure for this sale can be found here. Insiders have sold 29,952 shares of company stock valued at $598,411 in the last ninety days. 3.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NTCT. StockNews.com downgraded NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $22.00 target price on shares of NetScout Systems in a research note on Friday, July 26th.

NetScout Systems Stock Performance

Shares of NTCT opened at $20.87 on Friday. The business’s fifty day simple moving average is $19.96 and its two-hundred day simple moving average is $19.95. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $28.58. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -9.94 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, July 25th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.12 by $0.16. The business had revenue of $174.60 million for the quarter, compared to the consensus estimate of $168.47 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. The company’s revenue was down 17.3% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Research analysts anticipate that NetScout Systems, Inc. will post 1.39 earnings per share for the current fiscal year.

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.