Insider Selling: NetScout Systems, Inc. (NASDAQ:NTCT) COO Sells $152,555.00 in Stock

NetScout Systems, Inc. (NASDAQ:NTCT) COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction dated 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 $844,661.83. The trade was a 15.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NetScout Systems Trading Up 0.7 %

Shares of NetScout Systems stock opened at $24.23 on Friday. The firm has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $21.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The company has a market cap of $1.74 billion, a P/E ratio of -4.13 and a beta of 0.60.

NetScout Systems (NASDAQ:NTCT) last released 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 positive return on equity of 6.76% and a negative net margin of 50.90%. As a group, equities analysts predict that NetScout Systems, Inc. will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthfront Advisers LLC purchased a new stake in NetScout Systems in the 4th quarter worth $2,395,000. AlphaQuest LLC increased its stake in shares of NetScout Systems by 242.4% during the fourth quarter. AlphaQuest LLC now owns 26,066 shares of the technology company’s stock worth $565,000 after purchasing an additional 18,453 shares in the last quarter. Amundi increased its stake in shares of NetScout Systems by 33.9% during the fourth quarter. Amundi now owns 65,566 shares of the technology company’s stock worth $1,427,000 after purchasing an additional 16,591 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock worth $76,000 after purchasing an additional 508 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in NetScout Systems in the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

NTCT has been the topic of several analyst reports. Royal Bank of Canada raised their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

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.