KBC Group NV maintained its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,651 shares of the technology company’s stock at the close of the second quarter. KBC Group NV’s holdings in NetScout Systems were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of NetScout Systems by 9,990.2% in the first quarter. BlackRock Inc. now owns 10,120,265 shares of the technology company’s stock valued at $384,064,000 after purchasing an additional 10,019,967 shares during the period. Neuberger Berman Group LLC boosted its holdings in NetScout Systems by 3.1% in the first quarter. Neuberger Berman Group LLC now owns 8,572,982 shares of the technology company’s stock valued at $325,345,000 after acquiring an additional 260,089 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NetScout Systems by 4.3% in the first quarter. Vanguard Group Inc. now owns 7,118,603 shares of the technology company’s stock valued at $270,151,000 after acquiring an additional 295,917 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in NetScout Systems by 28.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,141,660 shares of the technology company’s stock valued at $119,226,000 after acquiring an additional 693,589 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of NetScout Systems by 0.4% during the first quarter. State Street Corp now owns 2,919,772 shares of the technology company’s stock worth $110,799,000 after purchasing an additional 10,241 shares in the last quarter.
NTCT has been the topic of a number of recent research reports. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. Finally, B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of NetScout Systems in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. NetScout Systems presently has an average rating of “Hold” and an average price target of $40.33.
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In related news, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total value of $173,000.00. Following the completion of the sale, the insider now owns 39,170 shares of the company’s stock, valued at $1,355,282. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.51% of the company’s stock.
Shares of NetScout Systems, Inc. (NASDAQ NTCT) remained flat at $32.45 during trading on Friday. The company had a trading volume of 222,571 shares. The company has a 50 day moving average price of $33.13 and a 200-day moving average price of $35.40. NetScout Systems, Inc. has a 12-month low of $26.25 and a 12-month high of $38.47. The stock has a market cap of $2.91 billion, a PE ratio of 164.72 and a beta of 1.62.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $225.80 million during the quarter, compared to analyst estimates of $225.66 million. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The company’s revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. Analysts forecast that NetScout Systems, Inc. will post $2.06 earnings per share for the current fiscal year.
About NetScout Systems
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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