Geode Capital Management LLC Grows Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Geode Capital Management LLC raised its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 833,247 shares of the technology company’s stock after buying an additional 25,915 shares during the period. Geode Capital Management LLC’s holdings in NetScout Systems were worth $19,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in NetScout Systems by 8.1% during the fourth quarter. Bank of America Corp DE now owns 654,784 shares of the technology company’s stock worth $15,473,000 after purchasing an additional 49,235 shares during the period. AlphaCrest Capital Management LLC bought a new stake in NetScout Systems during the fourth quarter worth about $371,000. Rhumbline Advisers lifted its position in NetScout Systems by 59.0% during the fourth quarter. Rhumbline Advisers now owns 228,450 shares of the technology company’s stock worth $5,398,000 after purchasing an additional 84,760 shares during the period. Tibra Equities Europe Ltd bought a new stake in NetScout Systems during the fourth quarter worth about $357,000. Finally, Janney Montgomery Scott LLC bought a new stake in NetScout Systems during the fourth quarter worth about $420,000.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. BidaskClub cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Piper Jaffray Companies cut shares of NetScout Systems from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $31.00 to $30.00 in a report on Wednesday, April 10th. Finally, Zacks Investment Research cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.00.

In related news, insider John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $26.41, for a total value of $79,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Szabados sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $28.10, for a total transaction of $168,600.00. Following the completion of the transaction, the insider now owns 37,403 shares of the company’s stock, valued at approximately $1,051,024.30. The disclosure for this sale can be found here. 3.93% of the stock is currently owned by corporate insiders.

NTCT stock opened at $26.39 on Wednesday. The stock has a market capitalization of $1.97 billion, a PE ratio of 32.58, a P/E/G ratio of 2.75 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.11 and a quick ratio of 2.04. NetScout Systems, Inc. has a 12 month low of $21.58 and a 12 month high of $31.77.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $235.00 million during the quarter, compared to analysts’ expectations of $235.04 million. NetScout Systems had a negative net margin of 8.06% and a positive return on equity of 3.16%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, analysts anticipate that NetScout Systems, Inc. will post 0.93 EPS for the current year.

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NetScout Systems Company Profile

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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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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