Rodgers Brothers Inc. Has $2.72 Million Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Rodgers Brothers Inc. lessened its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,700 shares of the technology company’s stock after selling 6,950 shares during the quarter. Rodgers Brothers Inc. owned approximately 0.18% of NetScout Systems worth $2,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Meeder Asset Management Inc. raised its stake in NetScout Systems by 166.4% in the 4th quarter. Meeder Asset Management Inc. now owns 16,885 shares of the technology company’s stock valued at $366,000 after acquiring an additional 10,547 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of NetScout Systems by 0.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,417,716 shares of the technology company’s stock valued at $30,850,000 after purchasing an additional 5,176 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of NetScout Systems during the 4th quarter worth about $3,136,000. Norges Bank bought a new stake in shares of NetScout Systems during the 4th quarter worth about $4,480,000. Finally, JPMorgan Chase & Co. grew its stake in NetScout Systems by 137.7% in the 4th quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company’s stock valued at $8,410,000 after buying an additional 224,925 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the transaction, the insider now owns 71,361 shares of the company’s stock, valued at $1,706,955.12. The trade was a 14.39 % 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. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Price Performance

Shares of NetScout Systems stock opened at $21.21 on Monday. 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 stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -3.62 and a beta of 0.64. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The company has a 50-day simple moving average of $22.69 and a two-hundred day simple moving average of $21.96.

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, beating 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 forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

NetScout Systems 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.