Graham Capital Management L.P. Sells 37,357 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Graham Capital Management L.P. lowered its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 80.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,307 shares of the technology company's stock after selling 37,357 shares during the quarter. Graham Capital Management L.P.'s holdings in NetScout Systems were worth $202,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NTCT. Barclays PLC increased its stake in NetScout Systems by 102.9% during the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company's stock worth $6,013,000 after purchasing an additional 140,237 shares in the last quarter. Franklin Resources Inc. increased its position in shares of NetScout Systems by 12.4% during the third quarter. Franklin Resources Inc. now owns 65,971 shares of the technology company's stock worth $1,422,000 after acquiring an additional 7,298 shares in the last quarter. KBC Group NV raised its holdings in shares of NetScout Systems by 45.1% during the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company's stock worth $97,000 after acquiring an additional 1,398 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in NetScout Systems by 6.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 323,698 shares of the technology company's stock valued at $7,011,000 after acquiring an additional 18,244 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in NetScout Systems by 4.9% in the 4th quarter. Empowered Funds LLC now owns 43,148 shares of the technology company's stock worth $935,000 after purchasing an additional 2,008 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Michael Szabados sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the completion of the sale, the chief operating officer now directly owns 28,489 shares of the company's stock, valued at $648,694.53. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price target 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.

NetScout Systems Stock Down 0.9%

NASDAQ:NTCT traded down $0.20 during trading hours on Wednesday, reaching $23.32. 527,036 shares of the stock were exchanged, compared to its average volume of 541,007. The stock has a market cap of $1.67 billion, a PE ratio of -3.98 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. The firm has a 50 day moving average of $21.16 and a 200 day moving average of $21.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The firm had revenue of $204.99 million for the quarter, compared to analyst estimates of $194.80 million. During the same quarter in the previous year, the firm earned $0.55 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

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.