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 13F filing with the SEC. The institutional investor bought 14,988 shares of the technology company's stock, valued at approximately $325,000.

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

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on shares of 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 Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the firm'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 of the company's stock, valued at approximately $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 accessible through the SEC website. 3.71% of the stock is currently owned by corporate insiders.

NetScout Systems Stock Down 1.9%

Shares of NASDAQ NTCT traded down $0.44 during midday trading on Friday, reaching $22.84. 239,562 shares of the company's stock traded hands, compared to its average volume of 540,564. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock's 50 day simple moving average is $21.23 and its 200-day simple moving average is $22.00. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -3.90 and a beta of 0.62.

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

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.