DekaBank Deutsche Girozentrale increased its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 88.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,640 shares of the technology company’s stock after buying an additional 21,000 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of NetScout Systems worth $1,070,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of NetScout Systems by 2.5% in the fourth quarter. SG Americas Securities LLC now owns 20,743 shares of the technology company’s stock worth $499,000 after purchasing an additional 499 shares during the period. Virginia Retirement Systems ET AL bought a new position in NetScout Systems in the fourth quarter valued at about $272,000. Campbell & CO Investment Adviser LLC bought a new position in NetScout Systems in the fourth quarter valued at about $491,000. Sciencast Management LP bought a new position in NetScout Systems in the fourth quarter valued at about $439,000. Finally, Man Group plc acquired a new stake in shares of NetScout Systems during the third quarter valued at about $3,023,000. Institutional investors and hedge funds own 99.51% of the company’s stock.
NetScout Systems stock opened at $29.37 on Friday. The stock’s 50 day moving average is $25.77 and its 200 day moving average is $23.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.70 and a quick ratio of 1.64. The firm has a market cap of $2.17 billion, a P/E ratio of 244.77, a P/E/G ratio of 5.48 and a beta of 1.40. NetScout Systems, Inc. has a one year low of $20.94 and a one year high of $30.30.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.15. The company had revenue of $260.02 million for the quarter, compared to analyst estimates of $249.85 million. NetScout Systems had a return on equity of 4.47% and a net margin of 1.02%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. Equities analysts anticipate that NetScout Systems, Inc. will post 1.03 earnings per share for the current fiscal year.
A number of brokerages have recently commented on NTCT. Lake Street Capital lifted their price target on NetScout Systems from to and gave the company a “buy” rating in a research note on Thursday, January 30th. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Zacks Investment Research raised NetScout Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.00.
NetScout Systems Profile
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.
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