NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Monday, August 12th. The shares were sold at an average price of $22.03, for a total transaction of $66,090.00. Following the completion of the transaction, the executive vice president now directly owns 105,854 shares in the company, valued at $2,331,963.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NTCT opened at $21.39 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 1.93. The stock has a market capitalization of $1.71 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.43 and a beta of 1.33. The company’s fifty day moving average is $24.95 and its two-hundred day moving average is $26.51. NetScout Systems, Inc. has a 1 year low of $21.19 and a 1 year high of $30.30.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. NetScout Systems had a negative net margin of 4.51% and a positive return on equity of 3.35%. The business had revenue of $186.10 million for the quarter, compared to analysts’ expectations of $196.98 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts predict that NetScout Systems, Inc. will post 0.93 EPS for the current year.
Several equities analysts have issued reports on the stock. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. ValuEngine cut shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.00.
A number of large investors have recently added to or reduced their stakes in NTCT. Dimensional Fund Advisors LP lifted its holdings in shares of NetScout Systems by 0.6% during 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 during the period. Thrivent Financial for Lutherans lifted its holdings in shares of NetScout Systems by 3.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 17,895 shares of the technology company’s stock worth $423,000 after acquiring an additional 571 shares during the period. FMR LLC lifted its holdings in shares of NetScout Systems by 10.3% during the 4th quarter. FMR LLC now owns 102,271 shares of the technology company’s stock worth $2,417,000 after acquiring an additional 9,564 shares during the period. Norges Bank purchased a new position in shares of NetScout Systems during the 4th quarter worth about $32,308,000. Finally, Geode Capital Management LLC lifted its holdings in shares of NetScout Systems by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 833,247 shares of the technology company’s stock worth $19,689,000 after acquiring an additional 25,915 shares during the period.
About NetScout Systems
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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