NetScout Systems (NASDAQ:NTCT) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of NetScout Systems (NASDAQ:NTCT) from a buy rating to a strong-buy rating in a report issued on Thursday.

NetScout Systems Stock Down 4.1 %

NTCT stock opened at $17.65 on Thursday. The company has a 50 day moving average of $19.91 and a two-hundred day moving average of $21.05. The company has a quick ratio of 1.67, a current ratio of 1.70 and a debt-to-equity ratio of 0.05. NetScout Systems has a 12-month low of $17.10 and a 12-month high of $31.42. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -8.40 and a beta of 0.62.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). NetScout Systems had a negative net margin of 17.81% and a positive return on equity of 5.11%. The firm had revenue of $203.44 million for the quarter, compared to analyst estimates of $215.94 million. On average, equities analysts anticipate that NetScout Systems will post 1.34 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total value of $102,050.00. Following the completion of the sale, the chief operating officer now directly owns 21,084 shares of the company’s stock, valued at $430,324.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.59% of the company’s stock.

Hedge Funds Weigh In On NetScout Systems

Several institutional investors have recently bought and sold shares of NTCT. Signaturefd LLC increased its holdings in shares of NetScout Systems by 3,236.8% during the 4th quarter. Signaturefd LLC now owns 1,268 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,230 shares during the last quarter. Parallel Advisors LLC grew its holdings in NetScout Systems by 76.9% during the fourth quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock valued at $40,000 after purchasing an additional 797 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of NetScout Systems by 306.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,998 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,506 shares during the period. Covestor Ltd lifted its stake in shares of NetScout Systems by 38.4% in the third quarter. Covestor Ltd now owns 1,952 shares of the technology company’s stock worth $54,000 after buying an additional 542 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of NetScout Systems by 35.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the technology company’s stock worth $90,000 after buying an additional 1,062 shares during the period. 91.64% of the stock is currently owned by institutional investors.

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.