Sei Investments Co. Raises Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Sei Investments Co. boosted its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 49.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,865 shares of the technology company’s stock after acquiring an additional 71,815 shares during the quarter. Sei Investments Co. owned 0.30% of NetScout Systems worth $4,697,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NTCT. Quarry LP boosted its stake in shares of 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 acquiring an additional 1,150 shares in the last quarter. FMR LLC boosted its position in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after purchasing an additional 477 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in 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 valued at $76,000 after purchasing an additional 508 shares during the period. KBC Group NV increased 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 buying an additional 1,398 shares in the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of NetScout Systems during the 3rd quarter worth approximately $216,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st.

NetScout Systems Trading Up 1.3 %

Shares of NTCT opened at $21.57 on Thursday. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The stock has a market cap of $1.55 billion, a PE ratio of -3.68 and a beta of 0.64. The firm’s fifty day moving average is $22.62 and its two-hundred day moving average is $21.98. 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 (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share 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%. Research analysts forecast that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Michael Szabados sold 6,500 shares of NetScout Systems 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 transaction, the chief operating officer now owns 35,989 shares in the company, valued at $844,661.83. The trade was a 15.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is owned by corporate insiders.

NetScout Systems Company 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.