Centiva Capital LP Trims Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Centiva Capital LP trimmed its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,706 shares of the technology company’s stock after selling 8,893 shares during the quarter. Centiva Capital LP’s holdings in NetScout Systems were worth $319,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NTCT. Russell Investments Group Ltd. boosted its holdings in NetScout Systems by 1,214.4% in the fourth 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 in the last quarter. Sterling Capital Management LLC boosted its holdings in NetScout Systems by 811.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock worth $48,000 after acquiring an additional 1,973 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock worth $76,000 after acquiring an additional 508 shares in the last quarter. KBC Group NV boosted its holdings in NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Inceptionr LLC bought a new stake in NetScout Systems in the fourth quarter worth $221,000. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped 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.

NetScout Systems Trading Up 0.2%

Shares of NASDAQ:NTCT opened at $21.61 on Monday. The company has a market cap of $1.55 billion, a P/E ratio of -3.69 and a beta of 0.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The stock’s fifty day moving average price is $20.81 and its 200-day moving average price is $21.86.

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

Insider Activity at NetScout Systems

In related news, insider Jean A. Bua sold 11,999 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the sale, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. This represents a 14.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total value of $72,750.00. Following the sale, the executive vice president now owns 130,352 shares of the company’s stock, valued at approximately $3,161,036. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. 3.71% of the stock is owned by company insiders.

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.