NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,167 shares of the technology company’s stock after selling 9,002 shares during the period. Texas Permanent School Fund Corp owned approximately 0.07% of NetScout Systems worth $972,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in NetScout Systems by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock worth $201,602,000 after buying an additional 223,975 shares during the period. First Trust Advisors LP boosted its holdings in shares of NetScout Systems by 73.0% in the 4th quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock valued at $97,220,000 after acquiring an additional 1,869,529 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NetScout Systems by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 977,483 shares of the technology company’s stock worth $21,456,000 after acquiring an additional 60,772 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NetScout Systems by 74.5% during the second quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock worth $15,481,000 after purchasing an additional 361,245 shares during the last quarter. Finally, Norges Bank acquired a new position in NetScout Systems during the fourth quarter valued at $10,184,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Up 0.2 %

NTCT opened at $21.12 on Friday. The company has a fifty day moving average of $19.73 and a two-hundred day moving average of $19.96. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -10.33 and a beta of 0.58. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.50 and a current ratio of 1.54.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.16. The firm had revenue of $174.60 million during the quarter, compared to analyst estimates of $168.47 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. NetScout Systems’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. On average, research analysts expect that NetScout Systems, Inc. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $22.00 price objective on shares of NetScout Systems in a research note on Friday, July 26th. StockNews.com downgraded NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the sale, the chief operating officer now owns 43,434 shares of the company’s stock, valued at approximately $816,993.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP John Downing sold 4,247 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.00, for a total value of $84,940.00. Following the transaction, the executive vice president now directly owns 131,590 shares of the company’s stock, valued at approximately $2,631,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the sale, the chief operating officer now owns 43,434 shares in the company, valued at $816,993.54. The disclosure for this sale can be found here. Insiders sold a total of 29,952 shares of company stock valued at $598,411 in the last three months. 3.59% of the stock is currently owned by company insiders.

NetScout Systems Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions 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.