NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 82.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,307 shares of the technology company’s stock after selling 252,499 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of NetScout Systems worth $1,155,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in shares of NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,263 shares during the last quarter. Sterling Capital Management LLC lifted its stake in NetScout Systems by 811.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,973 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock worth $76,000 after buying an additional 508 shares during the period. KBC Group NV grew its stake in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after buying an additional 1,398 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of NetScout Systems in the 4th quarter valued at $221,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT stock opened at $21.61 on Friday. The business’s 50-day moving average is $20.81 and its two-hundred day moving average is $21.85. 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 -3.69 and a beta of 0.62. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. The company had revenue of $204.99 million during the quarter, compared to the consensus estimate of $194.80 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 71,361 shares in the company, valued at $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Downing sold 3,000 shares of the firm’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 position. The disclosure for this sale can be found here. Insiders own 3.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their target price 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.

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.