Jane Street Group LLC Decreases Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Jane Street Group LLC decreased its position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 44.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,956 shares of the technology company's stock after selling 172,642 shares during the quarter. Jane Street Group LLC owned 0.30% of NetScout Systems worth $4,591,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NTCT. PNC Financial Services Group Inc. raised its holdings 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 valued at $76,000 after purchasing an additional 508 shares in the last quarter. Mariner LLC raised its stake in NetScout Systems by 5.4% in the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company's stock valued at $288,000 after buying an additional 681 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in NetScout Systems by 3.4% during the 4th quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company's stock worth $519,000 after buying an additional 792 shares during the last quarter. Russell Investments Group Ltd. boosted 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 worth $30,000 after acquiring an additional 1,263 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of NetScout Systems by 45.1% in 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. Hedge funds and other institutional investors own 91.64% of the company's stock.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $21.61 on Friday. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. 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 market cap of $1.55 billion, a price-to-earnings ratio of -3.69 and a beta of 0.62. The stock's 50-day moving average is $20.81 and its two-hundred day moving average is $21.85.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. The company 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 firm's revenue for the quarter 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. Analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP John Downing sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the transaction, the executive vice president now owns 130,352 shares of the company's stock, valued at $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jean A. Bua sold 11,999 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now directly owns 71,361 shares of the company's stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.71% of the stock is currently owned by insiders.

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.

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