Royce & Associates LP Decreases Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Royce & Associates LP lessened its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 14.1% during the 4th quarter, HoldingsChannel reports. The firm owned 62,305 shares of the technology company’s stock after selling 10,249 shares during the period. Royce & Associates LP’s holdings in NetScout Systems were worth $1,350,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NTCT. Quarry LP boosted its holdings in shares of NetScout Systems by 316.8% in the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,150 shares during the period. FMR LLC increased its position 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 during the last quarter. 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 acquiring an additional 1,066 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after acquiring an additional 508 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of NetScout Systems by 203.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company’s stock worth $138,000 after acquiring an additional 4,252 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Trading Down 0.8 %

NASDAQ:NTCT opened at $21.44 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.66 and a beta of 0.64. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $27.89. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $22.72 and a 200 day moving average of $21.87.

NetScout Systems (NASDAQ:NTCT) last posted 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%. As a group, sell-side analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares of the company’s stock, valued at $3,161,036. The trade was a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the company’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 completion of the sale, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by insiders.

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.