Comerica Bank lowered its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 11.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,825 shares of the technology company’s stock after selling 8,173 shares during the period. Comerica Bank owned about 0.08% of NetScout Systems worth $1,889,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NTCT. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of NetScout Systems by 9.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 581,283 shares of the technology company’s stock worth $15,317,000 after buying an additional 50,000 shares in the last quarter. Swiss National Bank raised its holdings in shares of NetScout Systems by 1.5% during the 1st quarter. Swiss National Bank now owns 147,428 shares of the technology company’s stock worth $3,885,000 after buying an additional 2,200 shares in the last quarter. B. Riley Financial Inc. raised its holdings in shares of NetScout Systems by 29.8% during the 1st quarter. B. Riley Financial Inc. now owns 45,732 shares of the technology company’s stock worth $1,205,000 after buying an additional 10,489 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of NetScout Systems by 22.4% during the 1st quarter. Great Lakes Advisors LLC now owns 385,519 shares of the technology company’s stock worth $10,158,000 after buying an additional 70,648 shares in the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new position in shares of NetScout Systems during the 1st quarter worth $2,603,000.

In other NetScout Systems news, insider John Downing sold 3,000 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vincent J. Mullarkey sold 6,000 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $25.43, for a total value of $152,580.00. Following the completion of the transaction, the director now directly owns 36,613 shares of the company’s stock, valued at approximately $931,068.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,000 shares of company stock valued at $365,380. Insiders own 3.93% of the company’s stock.

Shares of NTCT opened at $25.75 on Friday. NetScout Systems, Inc. has a 12-month low of $23.15 and a 12-month high of $33.90. The company has a quick ratio of 1.90, a current ratio of 2.00 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.94 and a beta of 1.36.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, July 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. NetScout Systems had a return on equity of 3.79% and a net margin of 4.28%. The business had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $210.47 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. research analysts forecast that NetScout Systems, Inc. will post 0.88 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, DA Davidson reissued a “hold” rating on shares of NetScout Systems in a report on Monday, May 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.33.

NetScout Systems Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

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

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