JPMorgan Chase & Co. Purchases 224,925 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

JPMorgan Chase & Co. increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 137.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 388,286 shares of the technology company's stock after purchasing an additional 224,925 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.54% of NetScout Systems worth $8,410,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTCT. FMR LLC boosted its stake in shares of NetScout Systems by 32.1% during the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company's stock valued at $43,000 after buying an additional 477 shares during the period. PNC Financial Services Group Inc. raised its holdings 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 worth $76,000 after acquiring an additional 508 shares in the last quarter. KBC Group NV boosted its position in 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 during the last quarter. Inceptionr LLC purchased a new position in NetScout Systems in the fourth quarter valued at about $221,000. Finally, KLP Kapitalforvaltning AS acquired a new position in NetScout Systems in the 4th quarter worth about $297,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Stock Down 1.0 %

Shares of NetScout Systems stock traded down $0.21 during midday trading on Friday, reaching $19.84. 528,899 shares of the company's stock traded hands, compared to its average volume of 539,374. 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 52 week low of $17.10 and a 52 week high of $27.89. The company's 50 day simple moving average is $21.54 and its 200 day simple moving average is $21.87. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -3.39 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Equities analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other 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 value of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares of the company's stock, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at $844,661.83. This represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock valued at $512,321 over the last 90 days. 3.71% of the stock is currently owned by company 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.