Geode Capital Management LLC Has $42.46 Million Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Geode Capital Management LLC boosted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,959,996 shares of the technology company’s stock after buying an additional 30,445 shares during the quarter. Geode Capital Management LLC’s holdings in NetScout Systems were worth $42,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NTCT. Meeder Asset Management Inc. lifted its stake in NetScout Systems by 166.4% in the 4th quarter. Meeder Asset Management Inc. now owns 16,885 shares of the technology company’s stock valued at $366,000 after purchasing an additional 10,547 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in NetScout Systems by 0.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,417,716 shares of the technology company’s stock valued at $30,850,000 after acquiring an additional 5,176 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in NetScout Systems during the fourth quarter worth $3,136,000. Norges Bank bought a new position in shares of NetScout Systems in the fourth quarter valued at about $4,480,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of NetScout Systems by 137.7% during the 4th quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company’s stock worth $8,410,000 after buying an additional 224,925 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Stock Down 0.4 %

NTCT stock opened at $20.10 on Tuesday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. 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 stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -3.43 and a beta of 0.66. The business’s fifty day moving average price is $21.90 and its two-hundred day moving average price is $21.91.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts anticipate that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Insider Transactions at NetScout Systems

In other news, insider Jean A. Bua sold 11,999 shares of the 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 sale, the insider now directly owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.