NetScout Systems (NASDAQ:NTCT) Stock Price Up 0% – Time to Buy?

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) rose 0% during mid-day trading on Wednesday . The company traded as high as $21.76 and last traded at $21.56. Approximately 33,389 shares were traded during trading, a decline of 92% from the average daily volume of 435,328 shares. The stock had previously closed at $21.55.

Analyst Upgrades and Downgrades

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

NetScout Systems Stock Up 1.0 %

The stock’s fifty day simple moving average is $22.85 and its two-hundred day simple moving average is $21.86. The stock has a market capitalization of $1.56 billion, a P/E ratio of -3.71 and a beta of 0.60. 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 (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate 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, research analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the sale, the executive vice president now directly owns 130,352 shares of the company’s stock, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the firm’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 completion of the transaction, the chief operating officer now owns 35,989 shares in the company, valued at $844,661.83. This represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock valued at $512,321 in the last ninety days. 3.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On NetScout Systems

A number of institutional investors and hedge funds have recently bought and sold shares of NTCT. Geode Capital Management LLC grew its stake in shares of NetScout Systems by 4.4% in the 3rd 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 boosted its holdings in NetScout Systems by 32.0% during 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. Citigroup Inc. grew its position in NetScout Systems by 28.4% in the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock worth $3,551,000 after purchasing an additional 36,075 shares in the last quarter. Weiss Asset Management LP purchased a new stake in NetScout Systems in the 3rd quarter valued at about $1,783,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of NetScout Systems during the 3rd quarter worth approximately $940,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.