Victory Capital Management Inc. Has $1.74 Million Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Victory Capital Management Inc. boosted its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 55.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 80,507 shares of the technology company’s stock after buying an additional 28,583 shares during the period. Victory Capital Management Inc.’s holdings in NetScout Systems were worth $1,744,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings 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 valued at $41,975,000 after acquiring an additional 81,154 shares during the last quarter. Citigroup Inc. grew its holdings in NetScout Systems by 28.4% during the third quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock valued at $3,551,000 after purchasing an additional 36,075 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of NetScout Systems in the third quarter worth $1,783,000. Capstone Investment Advisors LLC acquired a new stake in shares of NetScout Systems in the third quarter worth $940,000. Finally, Pacer Advisors Inc. grew its stake in NetScout Systems by 224,935.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock valued at $44,736,000 after buying an additional 2,055,913 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their target price 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 Price Performance

Shares of NetScout Systems stock opened at $21.05 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The company has a market cap of $1.51 billion, a PE ratio of -3.59 and a beta of 0.64. The firm has a fifty day moving average price of $22.74 and a two-hundred day moving average price of $21.88. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Activity

In other NetScout Systems news, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were 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 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 available at this link. Also, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 35,989 shares in the company, valued at approximately $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,499 shares of company stock worth $512,321. 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.