NetScout Systems, Inc. (NASDAQ:NTCT) Insider Jean A. Bua Sells 11,999 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the sale, the insider now owns 71,361 shares of the company’s stock, valued at $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NetScout Systems Trading Down 1.1 %

Shares of NASDAQ:NTCT opened at $24.22 on Friday. 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 firm’s 50 day moving average price is $22.61 and its 200-day moving average price is $21.49. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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%. Research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On NetScout Systems

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after acquiring an additional 477 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after purchasing an additional 508 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of NetScout Systems by 3.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock valued at $340,000 after purchasing an additional 527 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of NetScout Systems by 2.2% in the third quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock worth $615,000 after purchasing an additional 606 shares during the last quarter. Finally, Mariner LLC lifted its position in shares of NetScout Systems by 5.4% in the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company’s stock worth $288,000 after buying an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

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

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.