NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing Sells 3,000 Shares of Stock

NetScout Systems, Inc. (NASDAQ:NTCT) EVP John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the executive vice president now directly owns 130,352 shares of the company’s stock, valued at approximately $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NetScout Systems Stock Performance

Shares of NTCT stock opened at $23.70 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of -4.04 and a beta of 0.60. The stock has a 50-day moving average of $22.76 and a 200-day moving average of $21.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, January 30th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on NTCT shares. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st.

Institutional Trading of NetScout Systems

A number of large investors have recently made changes to their positions in NTCT. CWM LLC grew its stake in NetScout Systems by 250.8% in the third quarter. CWM LLC now owns 6,409 shares of the technology company’s stock valued at $139,000 after acquiring an additional 4,582 shares during the period. Creative Planning lifted its holdings in shares of NetScout Systems by 27.3% during the 3rd quarter. Creative Planning now owns 44,497 shares of the technology company’s stock valued at $968,000 after purchasing an additional 9,551 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of NetScout Systems in the 3rd quarter valued at approximately $236,000. Assenagon Asset Management S.A. grew its position in shares of NetScout Systems by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock valued at $22,916,000 after purchasing an additional 207,171 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in NetScout Systems by 3.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock worth $340,000 after purchasing an additional 527 shares in the last quarter. Institutional investors 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.