First Eagle Investment Management LLC Raises Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

First Eagle Investment Management LLC grew its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,505 shares of the technology company’s stock after purchasing an additional 2,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.32% of NetScout Systems worth $4,179,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of NetScout Systems by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 977,483 shares of the technology company’s stock valued at $21,456,000 after buying an additional 60,772 shares during the last quarter. Jump Financial LLC purchased a new position in NetScout Systems in the fourth quarter worth approximately $224,000. Quadrant Capital Group LLC grew its holdings in shares of NetScout Systems by 306.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,998 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,506 shares during the period. Norges Bank acquired a new stake in shares of NetScout Systems during the fourth quarter valued at about $10,184,000. Finally, Parallel Advisors LLC increased its holdings in NetScout Systems by 76.9% in the 4th quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock valued at $40,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Trading Up 0.2 %

Shares of NetScout Systems stock opened at $21.12 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.50 and a current ratio of 1.54. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $28.58. The company’s fifty day moving average is $19.73 and its two-hundred day moving average is $19.96. The company has a market capitalization of $1.51 billion, a P/E ratio of -10.06 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative net margin of 74.02% and a positive return on equity of 5.35%. The business’s revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Analysts forecast that NetScout Systems, Inc. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of NetScout Systems in a research report on Friday, July 26th.

Insiders Place Their Bets

In other news, EVP John Downing sold 4,247 shares of NetScout Systems stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 131,590 shares in the company, valued at approximately $2,631,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jean A. Bua sold 19,205 shares of NetScout Systems stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total transaction of $391,205.85. Following the completion of the sale, the insider now directly owns 78,598 shares in the company, valued at $1,601,041.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Downing sold 4,247 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.00, for a total value 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. 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. Corporate insiders own 3.59% of the company’s stock.

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.