Louisiana State Employees Retirement System Takes $779,000 Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Louisiana State Employees Retirement System acquired a new stake in NetScout Systems, Inc. (NASDAQ:NTCT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 35,500 shares of the technology company’s stock, valued at approximately $779,000. Louisiana State Employees Retirement System owned approximately 0.05% of NetScout Systems as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund purchased a new stake in shares of NetScout Systems in the 3rd quarter valued at $1,093,000. Rhumbline Advisers boosted its stake in shares of NetScout Systems by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 225,304 shares of the technology company’s stock valued at $6,313,000 after purchasing an additional 6,415 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of NetScout Systems in the 3rd quarter valued at $2,163,000. Charles Schwab Investment Management Inc. boosted its position in NetScout Systems by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,711 shares of the technology company’s stock valued at $25,686,000 after buying an additional 59,755 shares during the period. Finally, First Eagle Investment Management LLC purchased a new stake in NetScout Systems during the 3rd quarter valued at $3,590,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $21.93, for a total value of $65,790.00. Following the completion of the sale, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at approximately $2,436,751.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Michael Szabados sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total value of $110,650.00. Following the completion of the sale, the chief operating officer now directly owns 26,084 shares of the company’s stock, valued at approximately $577,238.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $21.93, for a total transaction of $65,790.00. Following the transaction, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at $2,436,751.95. The disclosure for this sale can be found here. Corporate insiders own 3.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of NetScout Systems from a “c” rating to a “d+” rating in a research report on Thursday, January 25th.

NetScout Systems Stock Performance

Shares of NTCT opened at $19.90 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of -11.78 and a beta of 0.64. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $21.13 and a two-hundred day simple moving average of $21.57. NetScout Systems, Inc. has a twelve month low of $18.77 and a twelve month high of $31.66.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, January 25th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.22 by $0.33. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. The firm had revenue of $218.07 million during the quarter, compared to analysts’ expectations of $200.08 million. On average, research analysts anticipate that NetScout Systems, Inc. will post 1.4 EPS for the current year.

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.