NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 44.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,956 shares of the technology company’s stock after selling 172,642 shares during the period. Jane Street Group LLC’s holdings in NetScout Systems were worth $4,591,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of NetScout Systems by 55.0% in the 4th 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. Charles Schwab Investment Management Inc. grew its position in NetScout Systems by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company’s stock worth $27,100,000 after buying an additional 85,713 shares during the period. Vanguard Group Inc. increased its holdings in NetScout Systems by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company’s stock valued at $202,597,000 after buying an additional 64,475 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of NetScout Systems by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company’s stock valued at $7,530,000 after acquiring an additional 11,617 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of NetScout Systems by 4.9% in the 4th quarter. Empowered Funds LLC now owns 43,148 shares of the technology company’s stock worth $935,000 after acquiring an additional 2,008 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

NetScout Systems Price Performance

Shares of NASDAQ NTCT opened at $21.61 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -3.69 and a beta of 0.62. The company’s 50-day moving average price is $20.81 and its 200 day moving average price is $21.85. NetScout Systems, Inc. has a 52 week low of $17.10 and a 52 week high of $27.89.

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

Insider Activity

In related news, insider Jean A. Bua sold 11,999 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the transaction, the insider now owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems 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 completion of the sale, the executive vice president now directly owns 130,352 shares of the company’s stock, valued at $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.71% of the company’s stock.

NetScout Systems 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.