Man Group plc Raises Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Man Group plc grew its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 435.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,733 shares of the technology company's stock after buying an additional 81,926 shares during the quarter. Man Group plc owned about 0.14% of NetScout Systems worth $2,182,000 at the end of the most recent quarter.

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

NetScout Systems Price Performance

Shares of NASDAQ:NTCT traded down $0.17 during midday trading on Wednesday, hitting $23.36. 38,256 shares of the stock were exchanged, compared to its average volume of 537,647. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89. 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 company has a 50 day moving average price of $21.30 and a 200-day moving average price of $22.01. The stock has a market cap of $1.67 billion, a P/E ratio of -3.99 and a beta of 0.62.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted 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. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. The firm had revenue of $204.99 million during the quarter, compared to the consensus estimate of $194.80 million. During the same period last year, the firm posted $0.55 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised 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.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total transaction of $170,775.00. Following the sale, the chief operating officer now owns 28,489 shares in the company, valued at approximately $648,694.53. This represents a 20.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.71% of the company's stock.

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.