Thrivent Financial for Lutherans Trims Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Thrivent Financial for Lutherans decreased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,434 shares of the technology company’s stock after selling 572 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of NetScout Systems worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NTCT. Quarry LP lifted its holdings in NetScout Systems by 316.8% during the 3rd quarter. Quarry LP now owns 1,513 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,150 shares in the last quarter. FMR LLC increased its position in shares of NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after buying an additional 477 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of NetScout Systems by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock worth $76,000 after buying an additional 508 shares in the last quarter. KBC Group NV boosted its position in shares of NetScout Systems by 45.1% in the fourth quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,398 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new position in NetScout Systems during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 0.9 %

Shares of NASDAQ NTCT opened at $21.01 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $22.67 and a 200-day moving average of $21.97. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.59 and a beta of 0.64. NetScout Systems, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89.

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

Insider Buying and Selling at NetScout Systems

In other news, insider Jean A. Bua sold 11,999 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the completion of the sale, the insider now owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Szabados sold 6,500 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total transaction 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. This represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 over the last 90 days. Corporate insiders own 3.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NTCT shares. Royal Bank of Canada increased their target price on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

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.