ProShare Advisors LLC Has $193,000 Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

ProShare Advisors LLC lessened its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 23.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,571 shares of the technology company’s stock after selling 3,251 shares during the quarter. ProShare Advisors LLC’s holdings in NetScout Systems were worth $193,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NTCT. Parallel Advisors LLC boosted its holdings in NetScout Systems by 76.9% in the fourth quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock worth $40,000 after acquiring an additional 797 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of NetScout Systems during the second quarter worth approximately $38,000. Innealta Capital LLC bought a new position in shares of NetScout Systems in the 2nd quarter worth $60,000. Gladius Capital Management LP acquired a new stake in NetScout Systems in the 2nd quarter valued at $69,000. Finally, Quest Partners LLC bought a new stake in NetScout Systems during the 2nd quarter valued at $73,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NetScout Systems news, insider Jean A. Bua sold 19,205 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the transaction, the insider now owns 78,598 shares of the company’s stock, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jean A. Bua sold 19,205 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total value of $391,205.85. Following the transaction, the insider now directly owns 78,598 shares of the company’s stock, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Downing sold 4,247 shares of the firm’s stock in a transaction dated 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 owns 131,590 shares of the company’s stock, valued at $2,631,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,952 shares of company stock valued at $598,411 over the last three months. Corporate insiders own 3.59% of the company’s stock.

Analyst Ratings Changes

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

NetScout Systems Price Performance

Shares of NASDAQ:NTCT opened at $20.56 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.47 billion, a PE ratio of -9.79 and a beta of 0.58. The stock’s fifty day simple moving average is $20.22 and its two-hundred day simple moving average is $19.87. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.72.

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

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.