NetScout Systems (NASDAQ:NTCT) Shares Down 0% – Time to Sell?

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price fell 0% during trading on Wednesday . The stock traded as low as $20.88 and last traded at $20.83. 89,093 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 535,128 shares. The stock had previously closed at $20.83.

Analyst Ratings Changes

Several research firms have commented on NTCT. Royal Bank of Canada increased their target price on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

NetScout Systems Stock Up 1.2 %

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 company has a market capitalization of $1.51 billion, a P/E ratio of -3.60 and a beta of 0.64. The stock has a 50-day moving average price of $22.81 and a 200-day moving average price of $21.89.

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 positive return on equity of 6.76% and a negative net margin of 50.90%. On average, research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other news, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total value of $287,016.08. Following the transaction, the insider now owns 71,361 shares in the company, valued at $1,706,955.12. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the sale, the executive vice president now owns 130,352 shares in the company, valued at $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. Over the last quarter, insiders sold 21,499 shares of company stock valued at $512,321. Company insiders own 3.71% of the company’s stock.

Institutional Trading of NetScout Systems

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in NetScout Systems by 1,214.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,263 shares during the period. Quarry LP lifted its holdings in 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 period. FMR LLC raised its stake in shares of NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after buying an additional 477 shares during the period. Sterling Capital Management LLC raised its stake in shares of NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock valued at $48,000 after buying an additional 1,973 shares during the period. Finally, KBC Group NV raised its stake in shares of NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after buying an additional 1,066 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.