NetScout Systems (NASDAQ:NTCT) Hits New 52-Week Low at $19.73

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $19.73 and last traded at $19.76, with a volume of 155613 shares trading hands. The stock had previously closed at $20.66.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut shares of NetScout Systems from a "c" rating to a "d+" rating in a research note on Thursday, January 25th.

NetScout Systems Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.55 and a current ratio of 1.59. The firm's 50 day moving average is $21.52 and its 200-day moving average is $22.19. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -11.81 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its earnings results on Thursday, January 25th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.33. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. The firm had revenue of $218.07 million during the quarter, compared to analysts' expectations of $200.08 million. Analysts forecast that NetScout Systems, Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the company's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total transaction of $110,650.00. Following the completion of the transaction, the chief operating officer now directly owns 26,084 shares in the company, valued at $577,238.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NetScout Systems news, EVP John Downing sold 3,000 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $21.93, for a total transaction of $65,790.00. Following the completion of the transaction, the executive vice president now directly owns 111,115 shares in the company, valued at $2,436,751.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Szabados sold 5,000 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total transaction of $110,650.00. Following the transaction, the chief operating officer now owns 26,084 shares of the company's stock, valued at $577,238.92. The disclosure for this sale can be found here. Company insiders own 3.59% of the company's stock.

Institutional Investors Weigh In On NetScout Systems

Large investors have recently modified their holdings of the business. Illinois Municipal Retirement Fund purchased a new stake in shares of NetScout Systems during the third quarter worth $1,093,000. Rhumbline Advisers grew its holdings in shares of NetScout Systems by 2.9% during the third quarter. Rhumbline Advisers now owns 225,304 shares of the technology company's stock worth $6,313,000 after buying an additional 6,415 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of NetScout Systems during the third quarter worth $2,163,000. Charles Schwab Investment Management Inc. grew its holdings in shares of NetScout Systems by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 916,711 shares of the technology company's stock worth $25,686,000 after buying an additional 59,755 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in shares of NetScout Systems during the third quarter worth $3,590,000. Hedge funds and other institutional investors own 91.64% 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.