NetScout Systems, Inc. (NASDAQ:NTCT) Stake Reduced by Graham Capital Management L.P.

Graham Capital Management L.P. cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 80.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,307 shares of the technology company's stock after selling 37,357 shares during the period. Graham Capital Management L.P.'s holdings in NetScout Systems were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTCT. Legal & General Group Plc lifted its position in NetScout Systems by 12.2% during the 4th quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock worth $89,202,000 after acquiring an additional 448,537 shares in the last quarter. JPMorgan Chase & Co. lifted its position in NetScout Systems by 137.7% during the 4th quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock worth $8,410,000 after acquiring an additional 224,925 shares in the last quarter. Norges Bank acquired a new position in NetScout Systems during the 4th quarter worth approximately $4,480,000. Prudential Financial Inc. raised its position in shares of NetScout Systems by 102.9% in the 4th quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company's stock valued at $8,503,000 after purchasing an additional 199,079 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of NetScout Systems by 205.7% in the 4th quarter. LSV Asset Management now owns 257,700 shares of the technology company's stock valued at $5,582,000 after purchasing an additional 173,400 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Michael Szabados sold 7,500 shares of the business'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 in the company, valued at approximately $648,694.53. The trade was a 20.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.71% of the company's stock.

NetScout Systems Stock Down 1.9%

Shares of NTCT traded down $0.44 during trading on Friday, reaching $22.84. The company's stock had a trading volume of 239,562 shares, compared to its average volume of 540,564. The company has a fifty day moving average of $21.23 and a two-hundred day moving average of $22.00. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -3.90 and a beta of 0.62. The company has a quick ratio of 1.78, a current ratio of 1.81 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The company had revenue of $204.99 million for the quarter, compared to analyst estimates of $194.80 million. During the same period in the prior year, the company posted $0.55 EPS. NetScout Systems's quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.