Thrivent Financial for Lutherans Sells 2,338 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Thrivent Financial for Lutherans decreased its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,286 shares of the technology company’s stock after selling 2,338 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of NetScout Systems worth $1,084,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NTCT. Meeder Asset Management Inc. bought a new position in NetScout Systems in the 2nd quarter valued at about $38,000. Parallel Advisors LLC lifted its position in NetScout Systems by 76.9% in the 4th quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock valued at $40,000 after acquiring an additional 797 shares in the last quarter. Innealta Capital LLC bought a new position in shares of NetScout Systems during the 2nd quarter worth approximately $60,000. Gladius Capital Management LP bought a new position in shares of NetScout Systems during the 2nd quarter worth approximately $69,000. Finally, Quest Partners LLC bought a new position in shares of NetScout Systems during the 2nd quarter worth approximately $73,000. Institutional investors own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In other news, insider Jean A. Bua sold 19,205 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total transaction of $391,205.85. Following the completion of the sale, the insider now owns 78,598 shares in the company, valued at $1,601,041.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jean A. Bua sold 19,205 shares of NetScout Systems stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the transaction, the insider now directly owns 78,598 shares in the company, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Downing sold 4,247 shares of NetScout Systems stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.00, for a total transaction of $84,940.00. Following the completion of the transaction, the executive vice president now owns 131,590 shares of the company’s stock, valued at $2,631,800. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,952 shares of company stock worth $598,411 in the last quarter. Insiders own 3.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTCT shares. StockNews.com cut shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 target price on shares of NetScout Systems in a research report on Friday, July 26th.

NetScout Systems Trading Down 0.0 %

Shares of NTCT stock opened at $20.56 on Friday. The company has a 50 day moving average of $20.22 and a 200-day moving average of $19.87. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.72. The firm has a market cap of $1.47 billion, a P/E ratio of -9.79 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $174.60 million during the quarter, compared to analyst estimates of $168.47 million. During the same quarter last year, the business posted $0.10 EPS. NetScout Systems’s quarterly revenue was down 17.3% compared to the same quarter last year. Sell-side analysts anticipate that NetScout Systems, Inc. will post 1.39 earnings per share for the current year.

NetScout Systems Company 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.