NetScout Systems (NASDAQ:NTCT) Sets New 1-Year Low at $19.07

Shares of NetScout Systems, Inc. (NASDAQ:NTCT) reached a new 52-week low on Tuesday . The stock traded as low as $19.07 and last traded at $19.11, with a volume of 11910 shares. The stock had previously closed at $19.27.

Analyst Ratings Changes

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

NetScout Systems Trading Down 1.2 %

The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $21.33 and its 200 day simple moving average is $21.89. The stock has a market capitalization of $1.35 billion, a P/E ratio of -11.21 and a beta of 0.64.

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

Insiders Place Their Bets

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

Institutional Trading of NetScout Systems

Several institutional investors and hedge funds have recently bought and sold shares of NTCT. First Trust Advisors LP raised its holdings in NetScout Systems by 73.0% during the 4th quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock worth $97,220,000 after buying an additional 1,869,529 shares during the period. Norges Bank acquired a new position in shares of NetScout Systems in the 4th quarter valued at about $20,592,000. FMR LLC increased its holdings in shares of NetScout Systems by 1,421.6% in the 2nd quarter. FMR LLC now owns 629,722 shares of the technology company’s stock valued at $21,316,000 after purchasing an additional 588,337 shares during the period. Legal & General Group Plc increased its holdings in shares of NetScout Systems by 14.6% in the 4th quarter. Legal & General Group Plc now owns 4,037,807 shares of the technology company’s stock valued at $88,630,000 after purchasing an additional 515,860 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NetScout Systems by 377.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 622,927 shares of the technology company’s stock valued at $13,673,000 after purchasing an additional 492,484 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NetScout Systems

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.