Tudor Investment Corp ET AL Takes Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Tudor Investment Corp ET AL acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,729 shares of the technology company's stock, valued at approximately $406,000.

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc grew its holdings 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 valued at $89,202,000 after buying an additional 448,537 shares during the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 224,925 shares during the period. Norges Bank purchased a new position in shares of NetScout Systems in the fourth quarter valued at approximately $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 valued at $8,503,000 after acquiring an additional 199,079 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of NetScout Systems by 205.7% in the 4th 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. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their target price on shares of 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 Stock Up 0.2 %

NetScout Systems stock traded up $0.05 during trading on Friday, reaching $21.61. The stock had a trading volume of 528,387 shares, compared to its average volume of 539,203. The stock has a market cap of $1.55 billion, a PE ratio of -3.69 and a beta of 0.62. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week 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. The business has a 50 day moving average price of $20.81 and a 200 day moving average price of $21.86.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $194.80 million. During the same period in the prior year, the company earned $0.55 earnings per share. The company's revenue was up .8% compared to the same quarter last year. On average, analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling at NetScout Systems

In related news, insider Jean A. Bua sold 11,999 shares of the 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 directly owns 71,361 shares of the company's stock, valued at $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total value 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 $3,161,036. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.71% of the company's stock.

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.