Quantbot Technologies LP Decreases Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Quantbot Technologies LP decreased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 87.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,425 shares of the technology company’s stock after selling 16,772 shares during the period. Quantbot Technologies LP’s holdings in NetScout Systems were worth $53,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in NetScout Systems by 3.7% in the 3rd quarter. State Street Corp now owns 3,098,279 shares of the technology company’s stock worth $67,388,000 after acquiring an additional 109,569 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock valued at $41,975,000 after purchasing an additional 81,154 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of NetScout Systems by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company’s stock valued at $27,100,000 after purchasing an additional 85,713 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NetScout Systems by 34.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,611 shares of the technology company’s stock valued at $12,966,000 after buying an additional 152,224 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in NetScout Systems by 15.2% in the 4th quarter. Impax Asset Management Group plc now owns 570,000 shares of the technology company’s stock worth $12,346,000 after buying an additional 75,000 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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 research report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

NetScout Systems Stock Up 1.4 %

Shares of NASDAQ:NTCT opened at $21.30 on Wednesday. The firm has a fifty day moving average price of $22.64 and a two-hundred day moving average price of $21.98. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -3.63 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In other news, insider Jean A. Bua sold 11,999 shares of the firm’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 sale, the insider now owns 71,361 shares in the company, valued at approximately $1,706,955.12. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $23.47, for a total transaction of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares of the company’s stock, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is currently owned by insiders.

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.