Michael Szabados Sells 6,500 Shares of NetScout Systems, Inc. (NASDAQ:NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NetScout Systems Stock Performance

NTCT stock opened at $24.07 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $22.36 and its two-hundred day simple moving average is $21.27. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -4.11 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Analysts predict that NetScout Systems, Inc. will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On NetScout Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after acquiring an additional 81,154 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of NetScout Systems by 32.0% in the third quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock worth $10,766,000 after purchasing an additional 120,000 shares during the last quarter. Assenagon Asset Management S.A. raised its position in NetScout Systems by 24.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock valued at $22,916,000 after acquiring an additional 207,171 shares in the last quarter. Citigroup Inc. raised its position in NetScout Systems by 28.4% during the third quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock valued at $3,551,000 after acquiring an additional 36,075 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in NetScout Systems during the third quarter valued at approximately $1,783,000. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NTCT. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price target on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, January 31st.

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.