Impax Asset Management Group plc Raises Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Impax Asset Management Group plc raised its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 570,000 shares of the technology company’s stock after buying an additional 75,000 shares during the period. Impax Asset Management Group plc owned about 0.79% of NetScout Systems worth $12,346,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP boosted its stake in shares of NetScout Systems by 316.8% in the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,150 shares during the last quarter. FMR LLC lifted its holdings in NetScout Systems by 32.1% in the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after purchasing an additional 477 shares in the last quarter. KBC Group NV boosted its stake in NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,066 shares during the last quarter. Covestor Ltd grew its holdings in shares of NetScout Systems by 25.7% during the third quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock worth $78,000 after buying an additional 737 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of NetScout Systems by 203.8% in the third quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company’s stock valued at $138,000 after buying an additional 4,252 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Down 0.8 %

Shares of NASDAQ:NTCT opened at $23.52 on Tuesday. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The stock has a market cap of $1.69 billion, a P/E ratio of -4.01 and a beta of 0.60. The business has a fifty day moving average of $22.78 and a two-hundred day moving average of $21.73. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTCT. Royal Bank of Canada boosted their price target on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

Insider Transactions at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at $844,661.83. This represents a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,499 shares of company stock worth $512,321 in the last 90 days. Insiders own 3.71% 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.