Mirae Asset Global Investments Co. Ltd. Buys 1,374 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Mirae Asset Global Investments Co. Ltd. raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,156 shares of the technology company’s stock after purchasing an additional 1,374 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in NetScout Systems were worth $684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTCT. SG Americas Securities LLC lifted its position in NetScout Systems by 137.8% in the third quarter. SG Americas Securities LLC now owns 43,120 shares of the technology company’s stock valued at $1,208,000 after purchasing an additional 24,985 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of NetScout Systems by 1.3% during the third quarter. State of Alaska Department of Revenue now owns 44,920 shares of the technology company’s stock valued at $1,258,000 after acquiring an additional 563 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of NetScout Systems during the third quarter valued at approximately $600,000. Simplicity Solutions LLC raised its holdings in shares of NetScout Systems by 8.4% during the third quarter. Simplicity Solutions LLC now owns 10,526 shares of the technology company’s stock valued at $295,000 after acquiring an additional 815 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of NetScout Systems by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 480,528 shares of the technology company’s stock valued at $13,464,000 after acquiring an additional 57,873 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $21.93, for a total value of $65,790.00. Following the sale, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at $2,436,751.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $21.93, for a total value of $65,790.00. Following the sale, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at $2,436,751.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $22.13, for a total value of $110,650.00. Following the completion of the sale, the chief operating officer now directly owns 26,084 shares in the company, valued at $577,238.92. The disclosure for this sale can be found here. 3.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, TheStreet downgraded NetScout Systems from a “c” rating to a “d+” rating in a report on Thursday, January 25th.

NetScout Systems Price Performance

Shares of NTCT stock opened at $19.90 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -11.78 and a beta of 0.64. The business’s fifty day moving average is $21.18 and its 200 day moving average is $21.62. NetScout Systems, Inc. has a twelve month low of $18.77 and a twelve month high of $31.66. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.33. The company had revenue of $218.07 million for the quarter, compared to analysts’ expectations of $200.08 million. NetScout Systems had a positive return on equity of 4.57% and a negative net margin of 14.21%. Research analysts expect that NetScout Systems, Inc. will post 1.4 EPS for the current fiscal year.

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.