Point72 Asia Singapore Pte. Ltd. Buys New Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, HoldingsChannel reports. The firm purchased 15,039 shares of the technology company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NetScout Systems in the fourth quarter valued at approximately $10,184,000. Parallel Advisors LLC increased its holdings in NetScout Systems by 76.9% in the 4th quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock worth $40,000 after acquiring an additional 797 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in NetScout Systems by 29,786.7% in the 4th quarter. TFO Wealth Partners LLC now owns 4,483 shares of the technology company’s stock worth $98,000 after acquiring an additional 4,468 shares in the last quarter. Clark Estates Inc. NY raised its position in NetScout Systems by 20.8% during the fourth quarter. Clark Estates Inc. NY now owns 130,500 shares of the technology company’s stock worth $2,864,000 after acquiring an additional 22,500 shares during the period. Finally, First Trust Advisors LP lifted its holdings in NetScout Systems by 73.0% during the fourth quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock valued at $97,220,000 after purchasing an additional 1,869,529 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on NTCT shares. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 target price on shares of NetScout Systems in a research note on Friday, July 26th. StockNews.com lowered NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the sale, the chief operating officer now owns 43,434 shares of the company’s stock, valued at $816,993.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NetScout Systems news, EVP John Downing sold 4,247 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.00, for a total value of $84,940.00. Following the transaction, the executive vice president now directly owns 131,590 shares in the company, valued at approximately $2,631,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total transaction of $122,265.00. Following the sale, the chief operating officer now owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. The disclosure for this sale can be found here. Insiders have sold a total of 29,952 shares of company stock worth $598,411 in the last ninety days. Insiders own 3.59% of the company’s stock.

NetScout Systems Trading Down 0.0 %

Shares of NTCT stock opened at $20.87 on Friday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.50 and a current ratio of 1.54. The stock’s fifty day moving average is $19.96 and its two-hundred day moving average is $19.95. The firm has a market capitalization of $1.49 billion, a P/E ratio of -9.94 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, July 25th. The technology company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.16. The business had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $168.47 million. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Research analysts expect that NetScout Systems, Inc. will post 1.39 earnings per share for the current fiscal 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.