NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. reduced its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 56.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,954 shares of the technology company's stock after selling 774,572 shares during the period. Alyeska Investment Group L.P. owned approximately 0.83% of NetScout Systems worth $12,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTCT. PNC Financial Services Group Inc. boosted its position in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company's stock valued at $76,000 after buying an additional 508 shares during the last quarter. Mariner LLC boosted its position in NetScout Systems by 5.4% in the 4th quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after purchasing an additional 681 shares in the last quarter. New York State Common Retirement Fund grew its position in NetScout Systems by 3.4% during the fourth quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company's stock valued at $519,000 after buying an additional 792 shares during the period. Russell Investments Group Ltd. increased its stake in shares of NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock valued at $30,000 after purchasing an additional 1,263 shares in the last quarter. Finally, KBC Group NV raised its holdings in NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company's stock worth $97,000 after purchasing an additional 1,398 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NetScout Systems Price Performance

Shares of NTCT traded up $0.05 during mid-day trading on Friday, hitting $21.61. 528,387 shares of the company were exchanged, compared to its average volume of 539,203. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -3.69 and a beta of 0.62. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89. The company has a 50 day moving average of $20.81 and a 200-day moving average of $21.85. 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 (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The business had revenue of $204.99 million for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter last year, the business posted $0.55 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. Analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the sale, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean A. Bua sold 11,999 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the transaction, the insider now owns 71,361 shares in the company, valued at $1,706,955.12. The trade was 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 owned by insiders.

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.