WINTON GROUP Ltd Acquires Shares of 48,695 NetScout Systems, Inc. (NASDAQ:NTCT)

WINTON GROUP Ltd bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,695 shares of the technology company’s stock, valued at approximately $1,055,000. WINTON GROUP Ltd owned approximately 0.07% of NetScout Systems as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in NetScout Systems by 32.1% in the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after acquiring an additional 477 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of NetScout Systems by 17.0% in the fourth 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. New York State Common Retirement Fund lifted its position in shares of NetScout Systems by 3.4% in the fourth quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company’s stock worth $519,000 after buying an additional 792 shares in the last quarter. Quarry LP boosted its stake in NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock valued at $33,000 after buying an additional 1,150 shares during the last quarter. Finally, KBC Group NV grew its holdings in NetScout Systems by 45.1% during the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after buying an additional 1,398 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

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 transaction, the executive vice president now owns 130,352 shares in the company, valued at $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the chief operating officer now owns 35,989 shares in the company, valued at approximately $844,661.83. The trade was a 15.30 % decrease in their ownership of the stock. 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. 3.71% of the stock is currently owned by company insiders.

NetScout Systems Trading Down 2.4 %

NTCT opened at $21.21 on Friday. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $22.69 and a 200 day moving average of $21.92. The firm has a market cap of $1.52 billion, a P/E ratio of -3.62 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last released its 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 forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

NTCT has been the subject of a number of research reports. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price objective 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.

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.