NetScout Systems, Inc. (NASDAQ:NTCT) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 795,610 shares of the technology company's stock after acquiring an additional 16,013 shares during the period. Northern Trust Corp owned 1.11% of NetScout Systems worth $17,233,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NTCT. Russell Investments Group Ltd. boosted its position in shares of NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company's stock worth $30,000 after acquiring an additional 1,263 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company's stock valued at $48,000 after buying an additional 1,973 shares during the last quarter. PNC Financial Services Group Inc. raised 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 worth $76,000 after acquiring an additional 508 shares during the period. KBC Group NV raised its position in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company's stock valued at $97,000 after purchasing an additional 1,398 shares during the period. Finally, Inceptionr LLC bought a new stake in NetScout Systems during the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NetScout Systems Price Performance

NASDAQ:NTCT traded up $0.01 during trading hours on Tuesday, hitting $23.57. 18,271 shares of the stock traded hands, compared to its average volume of 462,231. 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, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -4.02 and a beta of 0.62. The stock has a 50 day moving average price of $21.04 and a 200 day moving average price of $21.95.

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective 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.

Insider Buying and Selling

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now owns 28,489 shares in the company, valued at approximately $648,694.53. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.71% of the stock is owned by corporate insiders.

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.