NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,281,105 shares of the technology company's stock after selling 150,684 shares during the period. Dimensional Fund Advisors LP owned about 5.97% of NetScout Systems worth $92,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NTCT. Legal & General Group Plc grew its position in NetScout Systems by 12.2% during the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company's stock valued at $89,202,000 after buying an additional 448,537 shares during the period. JPMorgan Chase & Co. grew its position in shares of NetScout Systems by 137.7% during the 4th quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company's stock valued at $8,410,000 after acquiring an additional 224,925 shares during the period. Norges Bank purchased a new position in shares of NetScout Systems in the 4th quarter valued at about $4,480,000. Prudential Financial Inc. raised its holdings in NetScout Systems by 102.9% in the 4th quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company's stock worth $8,503,000 after purchasing an additional 199,079 shares during the period. Finally, LSV Asset Management boosted its position in NetScout Systems by 205.7% during the fourth quarter. LSV Asset Management now owns 257,700 shares of the technology company's stock worth $5,582,000 after purchasing an additional 173,400 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NetScout Systems Price Performance

Shares of NetScout Systems stock traded down $0.08 during mid-day trading on Friday, reaching $21.14. 414,413 shares of the stock traded hands, compared to its average volume of 538,318. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $20.91 and a 200 day moving average of $21.85. The stock has a market capitalization of $1.52 billion, a PE ratio of -3.61 and a beta of 0.66. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating 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%. On average, analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the transaction, the executive vice president now directly owns 130,352 shares in the company, valued at $3,161,036. The trade was a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the sale, the chief operating officer now owns 35,989 shares of the company's stock, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. Corporate insiders own 3.71% of the company's stock.

Analyst Upgrades and Downgrades

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

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.