John Downing Sells 3,000 Shares of NetScout Systems, Inc. (NTCT) Stock

NetScout Systems, Inc. (NASDAQ:NTCT) insider John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $27.87, for a total transaction of $83,610.00. Following the completion of the sale, the insider now owns 96,925 shares of the company’s stock, valued at $2,701,299.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ NTCT opened at $28.35 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 0.29. NetScout Systems, Inc. has a 52 week low of $21.58 and a 52 week high of $31.95. The firm has a market capitalization of $2.26 billion, a P/E ratio of 28.64, a PEG ratio of 3.26 and a beta of 1.10.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, November 1st. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.04 by $0.21. NetScout Systems had a net margin of 1.88% and a return on equity of 3.29%. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $218.30 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, analysts anticipate that NetScout Systems, Inc. will post 0.86 earnings per share for the current fiscal year.

NTCT has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine lowered shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. BidaskClub downgraded shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, Piper Jaffray Companies set a $31.00 target price on shares of NetScout Systems and gave the stock a “buy” rating in a research note on Monday, August 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new position in NetScout Systems during the 2nd quarter valued at $164,000. Pillar Pacific Capital Management LLC purchased a new position in NetScout Systems during the 2nd quarter valued at $223,000. Hartford Investment Management Co. purchased a new position in NetScout Systems during the 2nd quarter valued at $223,000. Tower Research Capital LLC TRC increased its position in NetScout Systems by 201.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,784 shares of the technology company’s stock valued at $232,000 after purchasing an additional 5,198 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in NetScout Systems by 28.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 12,032 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,700 shares during the period.

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About NetScout Systems

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

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