NetScout Systems (NASDAQ:NTCT) Sets New 52-Week Low at $19.07

NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $19.07 and last traded at $19.11, with a volume of 11910 shares changing hands. The stock had previously closed at $19.27.

Wall Street Analysts Forecast Growth

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

NetScout Systems Stock Performance

The stock's 50-day moving average price is $21.37 and its 200 day moving average price is $21.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.59 and a quick ratio of 1.55. The firm has a market cap of $1.36 billion, a P/E ratio of -11.34 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.33. The business had revenue of $218.07 million for the quarter, compared to analyst estimates of $200.08 million. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. As a group, equities analysts predict that NetScout Systems, Inc. will post 1.4 EPS for the current year.

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of the business'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 transaction, the executive vice president now directly owns 111,115 shares in the company, valued at $2,436,751.95. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP John Downing sold 3,000 shares of the business'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 transaction, the executive vice president now directly owns 111,115 shares in the company, valued at $2,436,751.95. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael Szabados sold 5,000 shares of the business'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 in the company, valued at $577,238.92. The disclosure for this sale can be found here. 3.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NetScout Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of NetScout Systems by 0.7% in the first quarter. BlackRock Inc. now owns 12,301,739 shares of the technology company's stock valued at $394,640,000 after acquiring an additional 90,198 shares during the period. Vanguard Group Inc. boosted its position in shares of NetScout Systems by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 9,006,874 shares of the technology company's stock valued at $197,701,000 after acquiring an additional 194,962 shares during the period. First Trust Advisors LP boosted its position in shares of NetScout Systems by 73.0% in the fourth quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company's stock valued at $97,220,000 after acquiring an additional 1,869,529 shares during the period. Legal & General Group Plc boosted its position in shares of NetScout Systems by 14.6% in the fourth quarter. Legal & General Group Plc now owns 4,037,807 shares of the technology company's stock valued at $88,630,000 after acquiring an additional 515,860 shares during the period. Finally, State Street Corp boosted its position in shares of NetScout Systems by 3.4% in the first quarter. State Street Corp now owns 2,841,865 shares of the technology company's stock valued at $91,167,000 after acquiring an additional 92,978 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.