Yousif Capital Management LLC Trims Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Yousif Capital Management LLC cut its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,021 shares of the technology company’s stock after selling 639 shares during the period. Yousif Capital Management LLC’s holdings in NetScout Systems were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in NetScout Systems by 224,935.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after buying an additional 2,055,913 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in NetScout Systems by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,053,606 shares of the technology company’s stock worth $22,916,000 after buying an additional 207,171 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NetScout Systems by 66.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company’s stock worth $9,709,000 after buying an additional 178,269 shares during the last quarter. Barclays PLC boosted its holdings in NetScout Systems by 102.9% in the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock worth $6,013,000 after buying an additional 140,237 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in NetScout Systems by 71.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company’s stock worth $6,644,000 after buying an additional 127,200 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Stock Down 1.1 %

Shares of NASDAQ NTCT opened at $24.22 on Monday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -4.13 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The business’s 50 day moving average is $22.61 and its two-hundred day moving average is $21.50.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling

In related news, insider Jean A. Bua sold 11,999 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the transaction, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total value of $152,555.00. Following the transaction, the chief operating officer now directly owns 35,989 shares in the company, valued at approximately $844,661.83. The trade was a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.71% of the company’s stock.

Analysts Set New Price Targets

NTCT has been the topic of several recent research reports. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada boosted their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

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.