NetScout Systems, Inc. (NTCT) Position Raised by Strs Ohio
Strs Ohio boosted its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,400 shares of the technology company’s stock after buying an additional 700 shares during the period. Strs Ohio’s holdings in NetScout Systems were worth $426,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTCT. HPM Partners LLC purchased a new position in NetScout Systems during the first quarter worth $273,000. Sheaff Brock Investment Advisors LLC bought a new stake in NetScout Systems during the first quarter worth approximately $296,000. Public Employees Retirement Association of Colorado boosted its stake in NetScout Systems by 30.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 377,094 shares of the technology company’s stock worth $14,311,000 after buying an additional 88,400 shares in the last quarter. First Trust Advisors LP boosted its stake in NetScout Systems by 12.4% in the first quarter. First Trust Advisors LP now owns 239,143 shares of the technology company’s stock worth $9,075,000 after buying an additional 26,422 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in NetScout Systems during the first quarter worth approximately $2,405,000.
NetScout Systems, Inc. (NTCT) opened at 32.60 on Wednesday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 165.48 and a beta of 1.61. NetScout Systems, Inc. has a 52-week low of $26.25 and a 52-week high of $38.47. The company’s 50-day moving average is $33.83 and its 200-day moving average is $35.83.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $225.80 million for the quarter, compared to the consensus estimate of $225.66 million. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The business’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Equities analysts predict that NetScout Systems, Inc. will post $2.06 earnings per share for the current year.
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A number of research firms have recently commented on NTCT. BidaskClub cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research cut 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 reissued 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 issued a hold rating and one has given a buy rating to the company’s stock. NetScout Systems has a consensus rating of “Hold” and an average target price of $39.00.
In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the sale, the insider now owns 39,170 shares in the company, valued at approximately $1,355,282. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.51% of the stock is currently owned by insiders.
NetScout Systems Company Profile
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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