NetScout Systems, Inc. (NASDAQ:NTCT) Stake Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 55.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,507 shares of the technology company’s stock after purchasing an additional 28,583 shares during the period. Victory Capital Management Inc. owned 0.11% of NetScout Systems worth $1,744,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in NetScout Systems by 316.8% during the third quarter. Quarry LP now owns 1,513 shares of the technology company’s stock valued at $33,000 after buying an additional 1,150 shares in the last quarter. FMR LLC lifted its holdings in NetScout Systems by 32.1% in the 3rd quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after acquiring an additional 477 shares during the last quarter. KBC Group NV boosted its position in shares of NetScout Systems by 52.4% during the 3rd quarter. KBC Group NV now owns 3,100 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,066 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of NetScout Systems by 203.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,338 shares of the technology company’s stock worth $138,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in NetScout Systems by 91.0% during the third quarter. Quest Partners LLC now owns 7,613 shares of the technology company’s stock valued at $166,000 after purchasing an additional 3,627 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, insider Jean A. Bua sold 11,999 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total transaction of $287,016.08. Following the completion of the sale, the insider now directly owns 71,361 shares in the company, valued at approximately $1,706,955.12. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the transaction, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is currently owned by company insiders.

NetScout Systems Stock Up 1.5 %

NTCT stock opened at $21.05 on Tuesday. The company’s 50 day simple moving average is $22.74 and its 200-day simple moving average is $21.88. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The firm has a market capitalization of $1.51 billion, a P/E ratio of -3.59 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last released 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%. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current 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.