Teacher Retirement System of Texas Has $2.98 Million Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Teacher Retirement System of Texas grew its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 182.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,570 shares of the technology company’s stock after purchasing an additional 88,945 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of NetScout Systems worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its holdings 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 acquiring an additional 1,150 shares in the last quarter. FMR LLC raised its position 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 purchasing an additional 477 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of NetScout Systems by 17.0% in 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 in the last quarter. KBC Group NV grew its position in NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,398 shares during the period. Finally, Quest Partners LLC increased its stake in NetScout Systems by 91.0% during the 3rd quarter. Quest Partners LLC now owns 7,613 shares of the technology company’s stock valued at $166,000 after purchasing an additional 3,627 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT opened at $21.74 on Wednesday. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -3.71 and a beta of 0.64. The firm’s fifty day moving average price is $22.73 and its two-hundred day moving average price is $21.91.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate 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%. As a group, analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTCT. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target 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.

Insiders Place Their Bets

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the transaction, the insider now directly owns 71,361 shares in the company, valued at $1,706,955.12. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction of $152,555.00. Following the sale, the chief operating officer now owns 35,989 shares of the company’s stock, valued at approximately $844,661.83. The trade was a 15.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,499 shares of company stock valued at $512,321. Insiders own 3.71% of the company’s stock.

About NetScout Systems

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.