NorthCrest Asset Manangement LLC Has $340,000 Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

NorthCrest Asset Manangement LLC raised its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 3.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 15,627 shares of the technology company’s stock after purchasing an additional 527 shares during the period. NorthCrest Asset Manangement LLC’s holdings in NetScout Systems were worth $340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of NetScout Systems during the second quarter valued at approximately $38,000. Innealta Capital LLC bought a new position in NetScout Systems during the 2nd quarter valued at $60,000. Gladius Capital Management LP purchased a new position in NetScout Systems during the 2nd quarter worth $69,000. Quest Partners LLC purchased a new stake in shares of NetScout Systems in the second quarter valued at about $73,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of NetScout Systems by 35.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the technology company’s stock valued at $90,000 after purchasing an additional 1,062 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NTCT. StockNews.com cut shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of NetScout Systems in a research note on Friday, July 26th.

NetScout Systems Trading Up 0.9 %

Shares of NetScout Systems stock opened at $20.64 on Monday. The firm has a market cap of $1.47 billion, a PE ratio of -9.83 and a beta of 0.58. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $24.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.50. The stock has a fifty day moving average price of $20.78 and a 200-day moving average price of $19.85.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $191.11 million during the quarter, compared to the consensus estimate of $188.84 million. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. Equities research analysts anticipate that NetScout Systems, Inc. will post 1.39 EPS for the current year.

Insider Buying and Selling

In other NetScout Systems 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 completion of the transaction, the chief operating officer now directly owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jean A. Bua sold 19,205 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the transaction, the insider now owns 78,598 shares in the company, valued at $1,601,041.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the company’s 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 completion of the sale, the chief operating officer now directly owns 43,434 shares in the company, valued at approximately $816,993.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,952 shares of company stock valued at $598,411. 3.59% of the stock is 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.