American Century Companies Inc. Acquires New Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

American Century Companies Inc. acquired a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, HoldingsChannel reports. The firm acquired 15,673 shares of the technology company’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in NetScout Systems by 74.5% during 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 acquiring an additional 361,245 shares during the period. Vanguard Group Inc. increased its holdings in shares of NetScout Systems by 2.5% in the first quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock worth $201,602,000 after purchasing an additional 223,975 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of NetScout Systems by 27.1% in the first quarter. First Eagle Investment Management LLC now owns 226,505 shares of the technology company’s stock worth $4,947,000 after purchasing an additional 48,300 shares during the period. Comerica Bank increased its holdings in shares of NetScout Systems by 38.8% in the first quarter. Comerica Bank now owns 45,858 shares of the technology company’s stock worth $1,002,000 after purchasing an additional 12,828 shares during the period. Finally, Panagora Asset Management Inc. bought a new position in shares of NetScout Systems in the second quarter worth $892,000. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 0.0 %

Shares of NASDAQ:NTCT opened at $20.56 on Friday. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.72. The firm has a fifty day moving average of $20.21 and a 200 day moving average of $19.87. The firm has a market capitalization of $1.47 billion, a PE ratio of -9.79 and a beta of 0.58. 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 (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.16. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. The business had revenue of $174.60 million during the quarter, compared to analyst estimates of $168.47 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was down 17.3% on a year-over-year basis. As a group, research analysts anticipate that NetScout Systems, Inc. will post 1.39 EPS for the current fiscal year.

Insider Transactions at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Michael Szabados sold 6,500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jean A. Bua sold 19,205 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total transaction of $391,205.85. Following the sale, the insider now owns 78,598 shares of the company’s stock, valued at approximately $1,601,041.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,952 shares of company stock worth $598,411. Company insiders own 3.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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 reiterated a “sector perform” rating and issued a $22.00 target price on shares of NetScout Systems in a research report on Friday, July 26th.

About NetScout Systems

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.