NetScout Systems (NASDAQ:NTCT) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.66 and traded as high as $21.78. NetScout Systems shares last traded at $21.76, with a volume of 310,353 shares traded.

Wall Street Analyst Weigh In

Separately, 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 0.4 %

The company has a market capitalization of $1.56 billion, a P/E ratio of -2.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. The firm’s fifty day moving average is $21.95 and its 200-day moving average is $20.66.

Insider Buying and Selling at NetScout Systems

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the sale, the chief operating officer now directly owns 42,489 shares of the company’s stock, valued at approximately $905,865.48. This trade represents a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP grew its holdings in NetScout Systems by 316.8% during the 3rd 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 last quarter. Meeder Asset Management Inc. bought a new stake in shares of NetScout Systems in the second quarter worth $38,000. FMR LLC increased its holdings in 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 purchasing an additional 477 shares during the period. KBC Group NV increased its holdings in 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 purchasing an additional 1,066 shares during the period. Finally, Quest Partners LLC bought a new position in NetScout Systems during the 2nd quarter worth $73,000. Institutional investors own 91.64% of the company’s stock.

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.