NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 410,745 shares of the technology company's stock after selling 45,308 shares during the period. Invesco Ltd. owned about 0.57% of NetScout Systems worth $8,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTCT. Geode Capital Management LLC boosted its position in NetScout Systems by 4.4% during the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company's stock worth $41,975,000 after purchasing an additional 81,154 shares in the last quarter. Victory Capital Management Inc. boosted its position in NetScout Systems by 55.0% during the fourth quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company's stock worth $1,744,000 after purchasing an additional 28,583 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in NetScout Systems by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company's stock worth $27,100,000 after purchasing an additional 85,713 shares in the last quarter. Vanguard Group Inc. boosted its position in NetScout Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company's stock worth $202,597,000 after purchasing an additional 64,475 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in NetScout Systems by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company's stock worth $7,530,000 after purchasing an additional 11,617 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Price Performance

Shares of NASDAQ NTCT traded down $0.01 during midday trading on Tuesday, hitting $21.10. The stock had a trading volume of 21,871 shares, compared to its average volume of 536,050. The company has a market capitalization of $1.51 billion, a PE ratio of -3.60 and a beta of 0.66. The stock has a 50 day simple moving average of $21.11 and a 200-day simple moving average of $21.87. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of NetScout Systems 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael Szabados sold 6,500 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the sale, the chief operating officer now directly owns 35,989 shares of the company's stock, valued at approximately $844,661.83. This trade represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is owned by corporate insiders.

NetScout Systems 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.