NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,021 shares of the technology company’s stock after selling 639 shares during the period. Yousif Capital Management LLC’s holdings in NetScout Systems were worth $585,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of NetScout Systems by 3.7% during the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company’s stock worth $67,388,000 after purchasing an additional 109,569 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of NetScout Systems by 224,935.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after purchasing an additional 2,055,913 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NetScout Systems by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after purchasing an additional 81,154 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NetScout Systems by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,443 shares of the technology company’s stock worth $25,348,000 after purchasing an additional 108,258 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of NetScout Systems by 24.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock worth $22,916,000 after purchasing an additional 207,171 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTCT has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

NetScout Systems Stock Down 1.1 %

NTCT stock opened at $24.22 on Monday. The stock has a market capitalization of $1.74 billion, a P/E ratio of -4.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The company has a 50 day moving average price of $22.61 and a two-hundred day moving average price of $21.50.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. As a group, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Activity at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares in the company, valued at $844,661.83. The trade was a 15.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of the business’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 transaction, the insider now owns 71,361 shares in the company, valued at $1,706,955.12. This represents a 14.39 % decrease in their position. 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.