Hussman Strategic Advisors Inc. trimmed its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 50.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the technology company’s stock after selling 25,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in NetScout Systems were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Seven Bridges Advisors LLC purchased a new stake in NetScout Systems during the 2nd quarter worth $109,000. Bank of Montreal Can boosted its position in NetScout Systems by 8.9% in the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock valued at $113,000 after buying an additional 271 shares during the last quarter. Flinton Capital Management LLC boosted its position in NetScout Systems by 74.5% in the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock valued at $158,000 after buying an additional 1,968 shares during the last quarter. Riverhead Capital Management LLC boosted its position in NetScout Systems by 77.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock valued at $177,000 after buying an additional 2,258 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in NetScout Systems by 515.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock valued at $200,000 after buying an additional 4,950 shares during the last quarter.

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total value of $84,510.00. Following the sale, the executive vice president now directly owns 88,821 shares in the company, valued at approximately $2,502,087.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the insider now owns 43,424 shares in the company, valued at $1,224,122.56. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.

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NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, October 26th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The firm had revenue of $256.90 million for the quarter, compared to the consensus estimate of $251.13 million. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS.

NetScout Systems announced that its board has initiated a stock repurchase program on Thursday, October 26th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have weighed in on the stock. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of NetScout Systems in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of NetScout Systems from a “buy” rating to a “sell” rating in a research report on Thursday. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research report on Thursday, July 20th. Finally, Craig Hallum decreased their price objective on shares of NetScout Systems from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.00.

About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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