NetScout Systems, Inc. (NASDAQ:NTCT) Position Increased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 11.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,300 shares of the technology company’s stock after acquiring an additional 6,600 shares during the period. Keeley Teton Advisors LLC owned approximately 0.09% of NetScout Systems worth $1,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTCT. Signaturefd LLC grew its holdings in NetScout Systems by 3,236.8% during the fourth quarter. Signaturefd LLC now owns 1,268 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,230 shares during the period. Parallel Advisors LLC raised its holdings in shares of NetScout Systems by 76.9% in the 4th quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock worth $40,000 after purchasing an additional 797 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in NetScout Systems by 306.1% during 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 last quarter. PNC Financial Services Group Inc. lifted its position 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 valued at $90,000 after acquiring an additional 1,062 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its position in shares of NetScout Systems by 29,786.7% during the 4th quarter. TFO Wealth Partners LLC now owns 4,483 shares of the technology company’s stock valued at $98,000 after acquiring an additional 4,468 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NTCT traded down $0.33 on Friday, hitting $20.04. 857,182 shares of the stock traded hands, compared to its average volume of 595,951. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $30.37. The firm has a market capitalization of $1.43 billion, a PE ratio of -9.54 and a beta of 0.60. The business has a fifty day moving average price of $19.04 and a two-hundred day moving average price of $20.42. The company has a current ratio of 1.54, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, May 9th. The technology company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $203.44 million during the quarter, compared to the consensus estimate of $215.94 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. On average, research analysts predict that NetScout Systems, Inc. will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $20.41, for a total transaction of $102,050.00. Following the transaction, the chief operating officer now owns 21,084 shares in the company, valued at $430,324.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of NetScout Systems in a research note on Friday. StockNews.com cut NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

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.