NetScout Systems, Inc. (NASDAQ:NTCT) Shares Bought by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd grew its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 98.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,300 shares of the technology company's stock after purchasing an additional 60,800 shares during the quarter. Quantedge Capital Pte Ltd owned approximately 0.17% of NetScout Systems worth $2,649,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

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

NetScout Systems Trading Down 0.0%

Shares of NetScout Systems stock traded down $0.01 during trading hours on Tuesday, reaching $23.55. The stock had a trading volume of 78,322 shares, compared to its average volume of 462,939. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The firm has a 50 day simple moving average of $21.04 and a two-hundred day simple moving average of $21.95. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -4.02 and a beta of 0.62.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, hitting analysts' consensus estimates of $0.52. The firm had revenue of $204.99 million during the quarter, compared to analysts' expectations of $194.80 million. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. The firm's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the completion of the transaction, the chief operating officer now owns 28,489 shares in the company, valued at $648,694.53. This represents a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.71% of the company's stock.

NetScout Systems Company 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.