Migdal Insurance & Financial Holdings Ltd. Reduces Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,993 shares of the technology company’s stock after selling 690 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in NetScout Systems were worth $325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of NetScout Systems by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after buying an additional 81,154 shares in the last quarter. Impax Asset Management Group plc grew its stake in shares of NetScout Systems by 32.0% in the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock worth $10,766,000 after buying an additional 120,000 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NetScout Systems by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock worth $22,916,000 after buying an additional 207,171 shares in the last quarter. Citigroup Inc. boosted its stake in shares of NetScout Systems by 28.4% during the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock worth $3,551,000 after purchasing an additional 36,075 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of NetScout Systems during the 3rd quarter worth about $1,783,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the sale, the chief operating officer now directly owns 35,989 shares of the company’s stock, valued at $844,661.83. The trade was a 15.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Price Performance

NTCT stock opened at $24.23 on Friday. The stock has a market cap of $1.74 billion, a PE ratio of -4.13 and a beta of 0.60. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The company has a 50-day moving average price of $22.41 and a 200 day moving average price of $21.31.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that NetScout Systems, Inc. will post 1.6 earnings per share for the current year.

Analyst Ratings Changes

NTCT has been the subject of a number of recent analyst reports. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st.

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.