Public Sector Pension Investment Board Grows Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Public Sector Pension Investment Board boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 7.9% during the second quarter, HoldingsChannel reports. The fund owned 157,087 shares of the technology company’s stock after buying an additional 11,485 shares during the period. Public Sector Pension Investment Board’s holdings in NetScout Systems were worth $2,873,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in shares of NetScout Systems by 74.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock valued at $15,481,000 after purchasing an additional 361,245 shares during the last quarter. Vanguard Group Inc. raised its holdings in NetScout Systems by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after buying an additional 223,975 shares during the period. First Trust Advisors LP lifted its position in NetScout Systems by 73.0% in 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 buying an additional 1,869,529 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in NetScout Systems by 27.1% during the first quarter. First Eagle Investment Management LLC now owns 226,505 shares of the technology company’s stock worth $4,947,000 after buying an additional 48,300 shares during the period. Finally, Comerica Bank increased its position in shares of NetScout Systems by 38.8% during the first quarter. Comerica Bank now owns 45,858 shares of the technology company’s stock valued at $1,002,000 after acquiring an additional 12,828 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Trading Up 2.4 %

Shares of NTCT stock opened at $21.38 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.50 and a current ratio of 1.54. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $28.58. The stock has a market capitalization of $1.52 billion, a P/E ratio of -10.18 and a beta of 0.58. The company has a 50 day moving average price of $20.02 and a 200 day moving average price of $19.91.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NTCT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $22.00 price objective on shares of NetScout Systems in a research report on Friday, July 26th. StockNews.com lowered NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th.

Insider Activity

In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 43,434 shares in the company, valued at $816,993.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 value of $122,265.00. Following the transaction, the chief operating officer now owns 43,434 shares of the company’s stock, valued at $816,993.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean A. Bua sold 19,205 shares of NetScout Systems stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the sale, the insider now directly owns 78,598 shares of the company’s stock, valued at $1,601,041.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,952 shares of company stock worth $598,411. 3.59% of the stock is currently owned by company insiders.

NetScout Systems 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.