Wells Fargo & Company MN Has $951,000 Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Wells Fargo & Company MN boosted its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,913 shares of the technology company’s stock after acquiring an additional 8,826 shares during the quarter. Wells Fargo & Company MN’s holdings in NetScout Systems were worth $951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after buying an additional 508 shares during the period. KBC Group NV increased its position in shares of NetScout Systems by 45.1% during the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,398 shares during the last quarter. Inceptionr LLC purchased a new stake in shares of NetScout Systems during the 4th quarter worth approximately $221,000. KLP Kapitalforvaltning AS purchased a new position in shares of NetScout Systems in the fourth quarter worth about $297,000. Finally, World Investment Advisors LLC bought a new stake in shares of NetScout Systems in the third quarter valued at approximately $298,000. Institutional investors own 91.64% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jean A. Bua sold 11,999 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 in the last ninety days. 3.71% of the stock is currently owned by insiders.

NetScout Systems Trading Up 0.5 %

Shares of NetScout Systems stock opened at $21.22 on Wednesday. The company’s 50-day moving average price is $21.05 and its 200-day moving average price is $21.86. 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 company has a market cap of $1.52 billion, a price-to-earnings ratio of -3.62 and a beta of 0.66.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 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%. On average, equities analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price objective on shares of NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note 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.