Wrapmanager Inc. Lowers Position in NetScout Systems, Inc. (NTCT)

Wrapmanager Inc. trimmed its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 3.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 16,012 shares of the technology company’s stock after selling 583 shares during the quarter. Wrapmanager Inc.’s holdings in NetScout Systems were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTCT. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 19,515 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 41,669 shares in the last quarter. Norges Bank acquired a new position in shares of NetScout Systems in the 4th quarter worth approximately $32,308,000. Macquarie Group Ltd. lifted its holdings in NetScout Systems by 0.5% during the 4th quarter. Macquarie Group Ltd. now owns 1,273,115 shares of the technology company’s stock worth $30,084,000 after buying an additional 6,700 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in NetScout Systems by 200.8% during the 4th quarter. Prudential Financial Inc. now owns 1,012,978 shares of the technology company’s stock worth $23,936,000 after buying an additional 676,184 shares in the last quarter.

NASDAQ:NTCT traded up $0.61 during trading hours on Tuesday, hitting $26.43. 4,990 shares of the stock were exchanged, compared to its average volume of 400,710. NetScout Systems, Inc. has a twelve month low of $21.58 and a twelve month high of $31.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.04 and a current ratio of 2.11. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.94 and a beta of 1.31.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $235.00 million for the quarter, compared to the consensus estimate of $235.04 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that NetScout Systems, Inc. will post 0.93 EPS for the current fiscal year.

Several research analysts have issued reports on NTCT shares. ValuEngine raised NetScout Systems from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research raised NetScout Systems from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Friday, February 1st. Finally, Piper Jaffray Companies downgraded NetScout Systems from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $30.00 in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.00.

In other news, insider Michael Szabados sold 6,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $28.10, for a total value of $168,600.00. Following the transaction, the insider now owns 37,403 shares of the company’s stock, valued at approximately $1,051,024.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $28.00, for a total value of $98,000.00. Following the completion of the transaction, the director now directly owns 113,798 shares in the company, valued at approximately $3,186,344. The disclosure for this sale can be found here. Corporate insiders own 3.93% of the company’s stock.

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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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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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