NetScout Systems (NASDAQ:NTCT) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of NetScout Systems (NASDAQ:NTCT) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.

NetScout Systems Stock Up 2.0 %

NASDAQ NTCT opened at $22.77 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. NetScout Systems has a 52 week low of $17.10 and a 52 week high of $24.42. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -2.71 and a beta of 0.58. The company has a fifty day moving average of $21.60 and a two-hundred day moving average of $20.25.

Insider Buying and Selling

In other news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the transaction, the chief operating officer now owns 42,489 shares of the company’s stock, valued at approximately $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NetScout Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. grew its position in NetScout Systems by 224,935.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock valued at $44,736,000 after acquiring an additional 2,055,913 shares during the last quarter. Millennium Management LLC grew its holdings in shares of NetScout Systems by 375.3% in the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock worth $20,128,000 after purchasing an additional 868,955 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in NetScout Systems by 74.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock worth $15,481,000 after buying an additional 361,245 shares during the period. Cubist Systematic Strategies LLC bought a new stake in NetScout Systems during the 2nd quarter valued at about $6,015,000. Finally, Acadian Asset Management LLC boosted its position in NetScout Systems by 181.1% in the 2nd quarter. Acadian Asset Management LLC now owns 304,583 shares of the technology company’s stock valued at $5,565,000 after buying an additional 196,218 shares during the period. 91.64% of the stock is owned by institutional investors.

About NetScout Systems

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.