NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 425,900 shares of the technology company's stock after selling 21,900 shares during the period. Two Sigma Advisers LP owned 0.59% of NetScout Systems worth $9,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NTCT. Barclays PLC raised its position in shares of 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 during the last quarter. KBC Group NV raised 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 worth $97,000 after purchasing an additional 1,398 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of NetScout Systems by 6.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 323,698 shares of the technology company's stock worth $7,011,000 after purchasing an additional 18,244 shares during the last quarter. Empowered Funds LLC raised its position in shares of NetScout Systems by 4.9% during 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 last quarter. Finally, Principal Financial Group Inc. raised its position in shares of NetScout Systems by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company's stock worth $7,530,000 after purchasing an additional 11,617 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped 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.

NetScout Systems Trading Down 0.8%

Shares of NASDAQ NTCT traded down $0.20 during midday trading on Thursday, reaching $23.18. 36,703 shares of the stock were exchanged, compared to its average volume of 537,214. The company has a 50 day simple moving average of $21.34 and a 200 day simple moving average of $22.02. The stock has a market capitalization of $1.65 billion, a P/E ratio of -3.95 and a beta of 0.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $27.89.

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

Insider Transactions at NetScout Systems

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 shares were sold at an average price of $22.77, for a total transaction 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 trade represents a 20.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.