Balyasny Asset Management L.P. Takes Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Balyasny Asset Management L.P. bought a new stake in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,636 shares of the technology company's stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AXA S.A. increased its position in shares of NetScout Systems by 21.6% during the fourth quarter. AXA S.A. now owns 23,730 shares of the technology company's stock worth $514,000 after acquiring an additional 4,218 shares during the period. PDT Partners LLC increased its position in shares of NetScout Systems by 22.1% during the fourth quarter. PDT Partners LLC now owns 58,108 shares of the technology company's stock worth $1,259,000 after acquiring an additional 10,510 shares during the period. AQR Capital Management LLC increased its position in shares of NetScout Systems by 61.1% during the fourth quarter. AQR Capital Management LLC now owns 426,865 shares of the technology company's stock worth $9,220,000 after acquiring an additional 161,915 shares during the period. Northern Trust Corp increased its position in shares of NetScout Systems by 2.1% during the fourth quarter. Northern Trust Corp now owns 795,610 shares of the technology company's stock worth $17,233,000 after acquiring an additional 16,013 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of NetScout Systems during the fourth quarter worth $406,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Down 1.9%

Shares of NTCT stock traded down $0.44 on Friday, reaching $22.84. 239,562 shares of the stock were exchanged, compared to its average volume of 539,694. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The business's 50 day moving average price is $21.23 and its 200 day moving average price is $22.01. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -3.90 and a beta of 0.62. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, hitting analysts' consensus estimates of $0.52. The firm 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 company's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $22.77, for a total value of $170,775.00. Following the completion of the transaction, the chief operating officer now owns 28,489 shares in the company, valued at $648,694.53. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st.

NetScout Systems 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.