Sherbrooke Park Advisers LLC Invests $325,000 in NetScout Systems, Inc. (NASDAQ:NTCT)

Sherbrooke Park Advisers LLC bought a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 14,988 shares of the technology company's stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NTCT. Russell Investments Group Ltd. increased its position in shares of NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock valued at $30,000 after purchasing an additional 1,263 shares during the last quarter. Sterling Capital Management LLC boosted its stake in NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock worth $48,000 after purchasing an additional 1,973 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in NetScout Systems in the 4th quarter worth about $71,000. PNC Financial Services Group Inc. boosted its position in shares of NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after acquiring an additional 508 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of NetScout Systems by 45.1% during the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company's stock valued at $97,000 after acquiring an additional 1,398 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Stock Down 0.9%

NetScout Systems stock traded down $0.20 during mid-day trading on Wednesday, hitting $23.32. The company had a trading volume of 527,036 shares, compared to its average volume of 541,007. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The stock's 50 day moving average price is $21.16 and its two-hundred day moving average price is $21.97. 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 market capitalization of $1.67 billion, a PE ratio of -3.98 and a beta of 0.62.

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. The firm had revenue of $204.99 million during the quarter, compared to analysts' expectations of $194.80 million. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The company's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, sell-side analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal 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 report on Friday, January 31st.

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.71% of the company's stock.

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.