NetScout Systems (NASDAQ:NTCT) Shares Down 0.3% – Should You Sell?

NetScout Systems, Inc. (NASDAQ:NTCT) traded down 0.3% during trading on Thursday . The company traded as low as $21.32 and last traded at $21.70. 20,537 shares changed hands during trading, a decline of 96% from the average session volume of 501,467 shares. The stock had previously closed at $21.77.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTCT. Royal Bank of Canada boosted their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

NetScout Systems Stock Up 0.0 %

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 $1.56 billion, a P/E ratio of -3.72 and a beta of 0.64. The business has a 50 day moving average price of $22.72 and a 200 day moving average price of $21.91.

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.

Insider Buying and Selling at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were 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. The trade was a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock valued at $512,321 in the last ninety days. Company insiders own 3.71% of the company’s stock.

Hedge Funds Weigh In On NetScout Systems

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock valued at $41,975,000 after acquiring an additional 81,154 shares during the period. Victory Capital Management Inc. boosted its holdings in NetScout Systems by 55.0% during the fourth quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company’s stock valued at $1,744,000 after purchasing an additional 28,583 shares in the last quarter. Citigroup Inc. grew its stake in shares of NetScout Systems by 28.4% in the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock valued at $3,551,000 after purchasing an additional 36,075 shares during the period. Weiss Asset Management LP acquired a new position in shares of NetScout Systems in the 3rd quarter worth approximately $1,783,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of NetScout Systems during the 3rd quarter worth approximately $940,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.