6 days Ago By ABMN Staff
Franklin Resources Inc. reduced its position in NetScout Systems, Inc. ( NASDAQ:NTCT – Free Report ) by 9.
2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,874 shares of the technology company’s stock after selling 6,097 shares during the quarter.
Franklin Resources Inc.’s holdings in NetScout Systems were worth $1,297,000 at the end of the most recent quarter. A number of other institutional investors have also modified their holdings of the company.
FMR LLC grew its stake in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after buying an additional 477 shares during the period.
State Street Corp lifted its holdings in shares of NetScout Systems by 3.7% during the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company’s stock valued at $67,388,000 after acquiring an additional 109,569 shares in the last quarter.
Barclays PLC increased its holdings in NetScout Systems by 102.9% in the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock valued at $6,013,000 after purchasing an additional 140,237 shares in the last quarter.
Geode Capital Management LLC raised its position in NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock valued at $41,975,000 after purchasing an additional 81,154 shares during the period.
Finally, World Investment Advisors LLC purchased a new position in NetScout Systems in the third quarter valued at about $298,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.
Wall Street Analyst Weigh In Separately, Royal Bank of Canada increased their target price on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st.
Insider Buying and Selling In related news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.
00. Following the completion of the sale, the chief operating officer now owns 35,989 shares in the company, valued at approximately $844,661.83.
The trade was a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.
00. Following the completion of the sale, the executive vice president now directly owns 130,352 shares in the company, valued at $3,161,036. This represents a 2.
25 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 21,499 shares of company stock worth $512,321.
3.71% of the stock is currently owned by corporate insiders. NetScout Systems Trading Down 0.
4 % NASDAQ NTCT opened at $20.10 on Tuesday. The stock has a market cap of $1.
44 billion, a P/E ratio of -3.43 and a beta of 0.66.
The company’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $21.91.
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 52 week low of $17.
10 and a 52 week high of $27.89. NetScout Systems ( NASDAQ:NTCT – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th.
The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts predict that NetScout Systems, Inc. will post 1.
5 EPS for the current fiscal year. About NetScout Systems ( Free Report ) 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.
Read More Want to see what other hedge funds are holding NTCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetScout Systems, Inc. ( NASDAQ:NTCT – Free Report ).
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