Versor Investments LP Reduces Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Versor Investments LP lowered its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,181 shares of the technology company’s stock after selling 6,352 shares during the quarter. Versor Investments LP’s holdings in NetScout Systems were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP grew its position in shares of NetScout Systems by 316.8% during 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 during the last quarter. FMR LLC boosted its stake in NetScout Systems by 32.1% during the 3rd 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. KBC Group NV grew its position in NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,066 shares during the last quarter. Covestor Ltd increased its stake in NetScout Systems by 25.7% in the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock valued at $78,000 after purchasing an additional 737 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in shares of NetScout Systems by 203.8% in the third quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company’s stock valued at $138,000 after buying an additional 4,252 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock worth $512,321 over the last 90 days. Company insiders own 3.71% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $21.70 on Tuesday. 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 firm has a market cap of $1.56 billion, a price-to-earnings ratio of -3.70 and a beta of 0.60. The firm’s fifty day moving average price is $22.86 and its 200 day moving average price is $21.85. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping 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%. On average, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

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.