Cwm LLC Raises Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Cwm LLC grew its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 250.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,409 shares of the technology company’s stock after purchasing an additional 4,582 shares during the quarter. Cwm LLC’s holdings in NetScout Systems were worth $139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in NetScout Systems in the 2nd quarter valued at about $38,000. Innealta Capital LLC purchased a new stake in shares of NetScout Systems in the second quarter valued at approximately $60,000. Gladius Capital Management LP acquired a new stake in shares of NetScout Systems in the second quarter valued at approximately $69,000. Quest Partners LLC purchased a new position in NetScout Systems during the second quarter worth approximately $73,000. Finally, PNC Financial Services Group Inc. lifted its position in NetScout Systems by 35.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the technology company’s stock worth $90,000 after buying an additional 1,062 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT opened at $20.46 on Friday. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $24.42. 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 business’s 50 day moving average price is $20.77 and its 200 day moving average price is $19.86.

NetScout Systems (NASDAQ:NTCT) last announced 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. The business had revenue of $174.60 million for 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%. The company’s quarterly revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. On average, research analysts forecast that NetScout Systems, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Activity at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 4,247 shares of the stock in a transaction dated 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jean A. Bua sold 19,205 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 131,590 shares of the company’s stock, valued at $2,631,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,952 shares of company stock worth $598,411. Company insiders own 3.71% of the company’s stock.

Analyst Upgrades and Downgrades

NTCT has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed 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 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.