Lombard Odier Asset Management USA Corp Makes New $1.70 Million Investment in NetScout Systems, Inc. (NASDAQ:NTCT)

Lombard Odier Asset Management USA Corp purchased a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,082 shares of the technology company’s stock, valued at approximately $1,702,000. Lombard Odier Asset Management USA Corp owned 0.13% of NetScout Systems at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

NTCT has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 target price on shares of NetScout Systems in a research note on Friday, July 26th. StockNews.com lowered shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

NetScout Systems Trading Up 0.2 %

Shares of NTCT opened at $21.12 on Monday. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $28.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.50. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -10.06 and a beta of 0.58. The company has a 50-day moving average of $19.78 and a 200 day moving average of $19.94.

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

Insider Activity

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred 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 transaction, 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 can be accessed through this link. In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems stock in a transaction that occurred 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 transaction, 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 can be accessed through this link. Also, EVP John Downing sold 4,247 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total transaction of $84,940.00. Following the sale, the executive vice president now directly owns 131,590 shares in the company, valued at approximately $2,631,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,952 shares of company stock worth $598,411. 3.59% of the stock is currently owned by corporate insiders.

About NetScout Systems

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.