14,917 Shares in NetScout Systems, Inc. (NASDAQ:NTCT) Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,917 shares of the technology company's stock, valued at approximately $323,000.

Several other large investors have also recently modified their holdings of NTCT. Russell Investments Group Ltd. lifted its holdings 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 raised its stake in NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock valued at $48,000 after buying an additional 1,973 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock worth $76,000 after acquiring an additional 508 shares in the last quarter. KBC Group NV grew 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 worth $97,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in shares of NetScout Systems during the fourth quarter valued at about $221,000. Institutional investors own 91.64% of the company's stock.

Insider Buying and Selling

In related news, insider Jean A. Bua sold 11,999 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now directly owns 71,361 shares of the company's stock, valued at $1,706,955.12. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the transaction, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at $844,661.83. The trade was a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock valued at $512,321 over the last 90 days. Insiders own 3.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

NetScout Systems Stock Performance

NTCT stock traded down $0.08 during midday trading on Friday, reaching $21.14. The stock had a trading volume of 70,540 shares, compared to its average volume of 536,182. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. The firm has a fifty day simple moving average of $20.95 and a two-hundred day simple moving average of $21.86. The stock has a market cap of $1.52 billion, a PE ratio of -3.61 and a beta of 0.66. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current 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.