NetScout Systems (NASDAQ:NTCT) Stock Price Up 1% – Time to Buy?

NetScout Systems, Inc. (NASDAQ:NTCT) shares rose 1% during trading on Tuesday . The stock traded as high as $21.13 and last traded at $21.21. Approximately 42,628 shares traded hands during trading, a decline of 91% from the average daily volume of 454,010 shares. The stock had previously closed at $21.01.

Wall Street Analysts Forecast Growth

NTCT has been the topic of a number of analyst reports. 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 research report on Friday, January 31st. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

NetScout Systems Trading Up 0.6 %

The business’s fifty day simple moving average is $22.67 and its two-hundred day simple moving average is $21.97. 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 company has a market cap of $1.52 billion, a price-to-earnings ratio of -3.60 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. Insiders own 3.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in shares of NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,263 shares in the last quarter. Quarry LP boosted its holdings in NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after buying an additional 1,150 shares in the last quarter. FMR LLC boosted its holdings in 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 in the last quarter. Sterling Capital Management LLC grew its position in NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock worth $48,000 after buying an additional 1,973 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in NetScout Systems in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.