NetScout Systems, Inc. (NASDAQ:NTCT) insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $26.41, for a total value of $79,230.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NTCT stock traded up $0.52 during trading on Tuesday, reaching $26.34. The company had a trading volume of 307,894 shares, compared to its average volume of 399,701. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.04 and a current ratio of 2.11. NetScout Systems, Inc. has a one year low of $21.58 and a one year high of $31.77. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 2.94 and a beta of 1.31.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. NetScout Systems had a positive return on equity of 3.16% and a negative net margin of 8.06%. The business had revenue of $235.00 million for the quarter, compared to the consensus estimate of $235.04 million. During the same period last year, the business earned $0.36 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, analysts forecast that NetScout Systems, Inc. will post 0.93 EPS for the current fiscal year.
NTCT has been the subject of several research reports. ValuEngine lowered NetScout Systems from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Piper Jaffray Companies downgraded NetScout Systems from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $31.00 to $30.00 in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.00.
Several hedge funds have recently modified their holdings of NTCT. Vanguard Group Inc. increased its position in NetScout Systems by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,073,420 shares of the technology company’s stock worth $178,603,000 after buying an additional 19,515 shares during the period. Dimensional Fund Advisors LP increased its position in NetScout Systems by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,697,908 shares of the technology company’s stock worth $158,272,000 after buying an additional 41,669 shares during the period. Neuberger Berman Group LLC increased its position in NetScout Systems by 9.6% in the 1st quarter. Neuberger Berman Group LLC now owns 5,908,149 shares of the technology company’s stock worth $165,842,000 after buying an additional 515,917 shares during the period. Northern Trust Corp increased its position in shares of NetScout Systems by 1.0% during the first quarter. Northern Trust Corp now owns 1,446,758 shares of the technology company’s stock valued at $40,611,000 after purchasing an additional 14,695 shares during the period. Finally, Norges Bank bought a new stake in shares of NetScout Systems during the fourth quarter valued at approximately $32,308,000.
NetScout Systems Company Profile
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.
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