NetScout Systems (NASDAQ:NTCT) Shares Down 0.1% – Time to Sell?

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price fell 0.1% during mid-day trading on Thursday . The company traded as low as $21.33 and last traded at $21.83. 48,387 shares changed hands during trading, a decline of 89% from the average session volume of 436,589 shares. The stock had previously closed at $21.85.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NTCT shares. Royal Bank of Canada increased their price target on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

NetScout Systems Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The firm has a market capitalization of $1.55 billion, a P/E ratio of -3.68 and a beta of 0.64. The business has a 50 day moving average price of $22.85 and a 200 day moving average price of $21.86.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. On average, analysts predict that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insiders Place Their Bets

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total value of $287,016.08. Following the completion of the transaction, the insider now owns 71,361 shares of the company’s stock, valued at $1,706,955.12. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the sale, the chief operating officer now owns 35,989 shares of the company’s stock, valued at $844,661.83. This represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 in the last ninety days. Insiders own 3.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in NetScout Systems by 71.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company’s stock worth $6,644,000 after buying an additional 127,200 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of NetScout Systems by 32.0% during the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock valued at $10,766,000 after acquiring an additional 120,000 shares in the last quarter. Covestor Ltd boosted its position in shares of NetScout Systems by 25.7% during the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock valued at $78,000 after acquiring an additional 737 shares in the last quarter. Versor Investments LP bought a new stake in NetScout Systems in the third quarter valued at about $447,000. Finally, KBC Group NV raised its position in NetScout Systems by 52.4% in the third quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,066 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.