NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lowered its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 40.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,741 shares of the technology company’s stock after selling 9,305 shares during the period. Brevan Howard Capital Management LP’s holdings in NetScout Systems were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in NetScout Systems by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company’s stock worth $1,744,000 after buying an additional 28,583 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of NetScout Systems by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company’s stock valued at $27,100,000 after acquiring an additional 85,713 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NetScout Systems by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company’s stock worth $202,597,000 after acquiring an additional 64,475 shares during the period. Principal Financial Group Inc. raised its holdings in shares of NetScout Systems by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 347,650 shares of the technology company’s stock worth $7,530,000 after purchasing an additional 11,617 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in NetScout Systems by 4.9% during the fourth quarter. Empowered Funds LLC now owns 43,148 shares of the technology company’s stock valued at $935,000 after purchasing an additional 2,008 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Trading Up 0.2%

Shares of NASDAQ:NTCT opened at $21.61 on Monday. 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, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89. The business has a 50 day moving average of $20.81 and a two-hundred day moving average of $21.86. The company has a market capitalization of $1.55 billion, a PE ratio of -3.69 and a beta of 0.62.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at NetScout Systems

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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 of the company’s stock, valued at approximately $1,706,955.12. This trade represents a 14.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of the company’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 value of $72,750.00. Following the transaction, the executive vice president now directly owns 130,352 shares of the company’s stock, valued at approximately $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. 3.71% of the stock is owned by company insiders.

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.