Meeder Asset Management Inc. Raises Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Meeder Asset Management Inc. grew its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 166.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,885 shares of the technology company’s stock after buying an additional 10,547 shares during the quarter. Meeder Asset Management Inc.’s holdings in NetScout Systems were worth $366,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after buying an additional 477 shares during the period. PNC Financial Services Group Inc. boosted its holdings in NetScout Systems by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after acquiring an additional 508 shares during the period. New York State Common Retirement Fund grew its position in NetScout Systems by 3.4% in the 4th quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company’s stock valued at $519,000 after acquiring an additional 792 shares during the last quarter. Quarry LP increased its stake in NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,150 shares during the period. Finally, KBC Group NV lifted its position in shares of NetScout Systems by 45.1% during the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,398 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of 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 research note on Tuesday, December 10th.

Insiders Place Their Bets

In related news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 130,352 shares in the company, valued at $3,161,036. This represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,499 shares of company stock worth $512,321 over the last 90 days. Company insiders own 3.71% of the company’s stock.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $21.01 on Tuesday. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89. The stock’s fifty day moving average price is $22.67 and its 200-day moving average price is $21.97. The firm has a market cap of $1.51 billion, a P/E ratio of -3.59 and a beta of 0.64. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

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

NetScout Systems Company 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.