Two Sigma Investments LP Sells 109,654 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Two Sigma Investments LP lowered its holdings in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 410,903 shares of the technology company's stock after selling 109,654 shares during the quarter. Two Sigma Investments LP owned approximately 0.57% of NetScout Systems worth $8,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in NetScout Systems by 1,214.4% in the fourth 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 during the period. Sterling Capital Management LLC increased its position in NetScout Systems by 811.9% during the 4th 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in NetScout Systems in the 4th quarter worth $71,000. PNC Financial Services Group Inc. lifted its position in shares of NetScout Systems by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after purchasing an additional 508 shares during the period. Finally, KBC Group NV boosted its stake 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 purchasing an additional 1,398 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NetScout Systems

In related 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 directly owns 28,489 shares of the company's stock, valued at $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 available at the SEC website. Company insiders own 3.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

NetScout Systems Stock Down 1.2%

Shares of NTCT stock traded down $0.27 during mid-day trading on Friday, reaching $22.85. 32,121 shares of the company's stock traded hands, compared to its average volume of 537,219. The company's 50-day moving average price is $21.37 and its 200-day moving average price is $22.03. The company has a market cap of $1.63 billion, a P/E ratio of -3.91 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, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 EPS 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 company had revenue of $204.99 million for the quarter, compared to the consensus estimate of $194.80 million. During the same period in the prior year, the firm posted $0.55 EPS. NetScout Systems's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

About NetScout Systems

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.