Aperio Group LLC boosted its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 39,195 shares of the technology company’s stock after buying an additional 1,541 shares during the period. Aperio Group LLC’s holdings in NetScout Systems were worth $1,348,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NTCT. AXA raised its position in shares of NetScout Systems by 371.7% in the first quarter. AXA now owns 50,000 shares of the technology company’s stock valued at $1,898,000 after buying an additional 39,400 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of NetScout Systems by 14.1% in the first quarter. Eagle Asset Management Inc. now owns 84,602 shares of the technology company’s stock valued at $3,210,000 after buying an additional 10,476 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of NetScout Systems by 10.7% in the first quarter. Nationwide Fund Advisors now owns 606,356 shares of the technology company’s stock valued at $23,011,000 after buying an additional 58,505 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of NetScout Systems by 0.4% in the first quarter. Ameriprise Financial Inc. now owns 352,345 shares of the technology company’s stock valued at $13,372,000 after buying an additional 1,576 shares in the last quarter. Finally, B. Riley Financial Inc. raised its position in shares of NetScout Systems by 68.4% in the first quarter. B. Riley Financial Inc. now owns 13,094 shares of the technology company’s stock valued at $497,000 after buying an additional 5,320 shares in the last quarter.

NetScout Systems, Inc. (NTCT) traded up 2.648% on Monday, hitting $33.925. 175,075 shares of the company’s stock were exchanged. NetScout Systems, Inc. has a 52-week low of $26.25 and a 52-week high of $38.48. The firm has a 50 day moving average price of $34.39 and a 200-day moving average price of $35.83. The stock has a market cap of $3.04 billion, a P/E ratio of 172.208 and a beta of 1.61.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $225.80 million for the quarter, compared to analysts’ expectations of $225.66 million. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The business’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Analysts predict that NetScout Systems, Inc. will post $2.06 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on NTCT. BidaskClub lowered shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of NetScout Systems in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.00.

In other NetScout Systems news, Director Victor Demarines sold 5,400 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $35.88, for a total transaction of $193,752.00. Following the transaction, the director now owns 17,732 shares in the company, valued at approximately $636,224.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total transaction of $173,000.00. Following the transaction, the insider now owns 39,170 shares in the company, valued at approximately $1,355,282. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by corporate insiders.

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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