Deutsche Bank AG boosted its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 470,845 shares of the technology company's stock after purchasing an additional 32,025 shares during the quarter. Deutsche Bank AG owned about 0.66% of NetScout Systems worth $10,199,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of NTCT. Vanguard Group Inc. boosted its stake in shares of NetScout Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock worth $202,597,000 after buying an additional 64,475 shares during the period. Legal & General Group Plc increased its position in NetScout Systems by 12.2% during the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock worth $89,202,000 after buying an additional 448,537 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NetScout Systems by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 1,959,996 shares of the technology company's stock valued at $42,463,000 after purchasing an additional 30,445 shares in the last quarter. First Trust Advisors LP boosted its position in NetScout Systems by 4.6% during the fourth quarter. First Trust Advisors LP now owns 1,432,901 shares of the technology company's stock worth $31,037,000 after acquiring an additional 62,603 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in NetScout Systems by 0.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,417,716 shares of the technology company's stock worth $30,850,000 after acquiring an additional 5,176 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.
NetScout Systems Trading Up 0.4%
NTCT traded up $0.09 during trading on Thursday, hitting $23.41. 38,538 shares of the company's stock were exchanged, compared to its average volume of 539,021. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The stock has a 50 day moving average price of $21.16 and a 200 day moving average price of $21.97. The firm has a market cap of $1.68 billion, a P/E ratio of -3.99 and a beta of 0.62. 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 (NASDAQ:NTCT - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $204.99 million during the quarter, compared to the consensus estimate of $194.80 million. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. As a group, analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada lifted their price objective on NetScout Systems from $22.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st.
View Our Latest Stock Report on NetScout Systems
Insider Buying and Selling at NetScout Systems
In related news, COO Michael Szabados sold 7,500 shares of NetScout Systems stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $22.77, for a total transaction of $170,775.00. Following the sale, the chief operating officer now directly owns 28,489 shares in the company, valued at $648,694.53. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.71% of the stock is currently owned by company insiders.
About NetScout Systems
(
Free Report)
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.
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