CIBC Private Wealth Group LLC Buys 5,176 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

CIBC Private Wealth Group LLC grew its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,417,716 shares of the technology company’s stock after acquiring an additional 5,176 shares during the period. CIBC Private Wealth Group LLC owned 1.98% of NetScout Systems worth $30,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Quarry LP increased its position in NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,150 shares during the period. FMR LLC raised its stake in shares of NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after buying an additional 477 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after buying an additional 508 shares during the period. KBC Group NV boosted its stake in NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new stake in NetScout Systems during the 3rd quarter worth $216,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NTCT shares. StockNews.com raised 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 target price on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st.

NetScout Systems Stock Down 0.9 %

Shares of NASDAQ NTCT opened at $21.01 on Tuesday. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The stock has a market cap of $1.51 billion, a P/E ratio of -3.59 and a beta of 0.64. The firm has a 50 day moving average price of $22.67 and a 200 day moving average price of $21.97.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. Analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares in the company, valued at $3,161,036. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now directly owns 71,361 shares of the company’s stock, valued at $1,706,955.12. This represents a 14.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock worth $512,321 over the last ninety days. 3.71% of the stock is currently owned by corporate insiders.

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.