BidaskClub cut shares of NetScout Systems (NASDAQ:NTCT) from a hold rating to a sell rating in a report issued on Thursday, BidAskClub reports.

A number of other brokerages also recently weighed in on NTCT. Piper Jaffray Companies downgraded shares of NetScout Systems from an overweight rating to a neutral rating and cut their price target for the stock from $31.00 to $30.00 in a report on Wednesday, April 10th. ValuEngine cut shares of NetScout Systems from a buy rating to a hold rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research cut shares of NetScout Systems from a hold rating to a sell rating in a research report on Saturday, April 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $29.00.

Shares of NetScout Systems stock opened at $24.43 on Thursday. NetScout Systems has a 1-year low of $21.58 and a 1-year high of $31.77. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.89 billion, a PE ratio of 29.43, a PEG ratio of 2.64 and a beta of 1.39.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. NetScout Systems had a negative net margin of 8.06% and a positive return on equity of 3.16%. The company had revenue of $235.00 million during the quarter, compared to the consensus estimate of $235.04 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts forecast that NetScout Systems will post 0.93 earnings per share for the current year.

In related news, insider John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $26.41, for a total transaction of $79,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Szabados sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $28.10, for a total transaction of $168,600.00. Following the transaction, the insider now owns 37,403 shares of the company’s stock, valued at $1,051,024.30. The disclosure for this sale can be found here. 3.93% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. HAP Trading LLC acquired a new position in NetScout Systems in the 1st quarter valued at approximately $517,000. Bank of America Corp DE increased its position in NetScout Systems by 8.1% in the 4th quarter. Bank of America Corp DE now owns 654,784 shares of the technology company’s stock valued at $15,473,000 after acquiring an additional 49,235 shares during the period. Mason Street Advisors LLC increased its position in NetScout Systems by 1.7% in the 1st quarter. Mason Street Advisors LLC now owns 37,250 shares of the technology company’s stock valued at $1,046,000 after acquiring an additional 618 shares during the period. AlphaCrest Capital Management LLC acquired a new position in NetScout Systems in the 4th quarter valued at approximately $371,000. Finally, Tibra Equities Europe Ltd acquired a new position in NetScout Systems in the 4th quarter valued at approximately $357,000.

NetScout Systems Company 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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