New England Asset Management Inc. held its position in NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,916 shares of the technology company’s stock at the close of the 2nd quarter. New England Asset Management Inc.’s holdings in NetScout Systems were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTCT. BlackRock Inc. increased its stake in NetScout Systems by 9,990.2% during the 1st quarter. BlackRock Inc. now owns 10,120,265 shares of the technology company’s stock worth $384,064,000 after purchasing an additional 10,019,967 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in NetScout Systems by 59.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,517,277 shares of the technology company’s stock worth $120,994,000 after purchasing an additional 1,305,337 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NetScout Systems by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,941,213 shares of the technology company’s stock worth $135,580,000 after purchasing an additional 799,553 shares in the last quarter. ValueAct Holdings L.P. increased its stake in NetScout Systems by 39.8% during the 1st quarter. ValueAct Holdings L.P. now owns 2,300,000 shares of the technology company’s stock worth $87,285,000 after purchasing an additional 655,000 shares in the last quarter. Finally, Credit Suisse AG increased its stake in NetScout Systems by 666.0% during the 1st quarter. Credit Suisse AG now owns 694,890 shares of the technology company’s stock worth $26,371,000 after purchasing an additional 604,179 shares in the last quarter.

In other news, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the transaction, the insider now directly owns 39,170 shares of the company’s stock, valued at $1,355,282. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.51% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on NTCT. 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. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th. Finally, Zacks Investment Research cut NetScout Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.50.

NetScout Systems, Inc. (NASDAQ:NTCT) traded up 0.76% during mid-day trading on Friday, reaching $33.10. The company had a trading volume of 736,513 shares. NetScout Systems, Inc. has a one year low of $26.25 and a one year high of $38.48. The firm has a market capitalization of $2.96 billion, a P/E ratio of 168.02 and a beta of 1.60. The firm’s 50-day moving average is $32.60 and its 200-day moving average is $34.89.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The company had revenue of $225.80 million for the quarter, compared to analyst estimates of $225.66 million. During the same period in the prior year, the firm earned $0.28 earnings per share. NetScout Systems’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, equities research analysts anticipate that NetScout Systems, Inc. will post $2.06 earnings per share for the current fiscal year.

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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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