NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.60 and last traded at $19.21, with a volume of 11994 shares traded. The stock had previously closed at $20.12.
Analyst Ratings Changes
Separately, TheStreet cut shares of NetScout Systems from a "c" rating to a "d+" rating in a research note on Thursday, January 25th.
View Our Latest Research Report on NTCT
NetScout Systems Trading Up 1.9 %
The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $20.84 and a 200-day moving average price of $21.26. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -12.13 and a beta of 0.66.
Insider Buying and Selling at NetScout Systems
In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $21.93, for a total value of $65,790.00. Following the completion of the sale, the executive vice president now directly owns 111,115 shares of the company's stock, valued at approximately $2,436,751.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.59% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of NTCT. First Trust Advisors LP increased its stake in 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. Assenagon Asset Management S.A. raised its holdings in shares of NetScout Systems by 377.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 622,927 shares of the technology company's stock worth $13,673,000 after buying an additional 492,484 shares in the last quarter. Norges Bank bought a new position in shares of NetScout Systems during the 4th quarter worth approximately $10,184,000. Vanguard Group Inc. grew its position in NetScout Systems by 4.6% in the third quarter. Vanguard Group Inc. now owns 8,811,912 shares of the technology company's stock valued at $246,910,000 after acquiring an additional 387,379 shares during the period. Finally, Penserra Capital Management LLC raised its stake in NetScout Systems by 168.5% during the third quarter. Penserra Capital Management LLC now owns 272,640 shares of the technology company's stock worth $7,639,000 after acquiring an additional 171,082 shares in the last quarter. 91.64% of the stock is owned by institutional investors.
About NetScout Systems
(
Get Free Report)
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.
Further Reading
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