Kennedy Capital Management Inc. acquired a new position in NetScout Systems, Inc. (NASDAQ:NTCT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,739 shares of the technology company’s stock, valued at approximately $3,068,000. Kennedy Capital Management Inc. owned 0.12% of NetScout Systems as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Stevens Capital Management LP acquired a new stake in NetScout Systems in the third quarter worth about $206,000. Suntrust Banks Inc. acquired a new stake in NetScout Systems in the fourth quarter worth about $214,000. Crossmark Global Holdings Inc. acquired a new stake in NetScout Systems in the third quarter worth about $241,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in NetScout Systems by 170.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,591 shares of the technology company’s stock worth $231,000 after purchasing an additional 4,788 shares during the period. Finally, CHICAGO TRUST Co NA acquired a new stake in NetScout Systems in the fourth quarter worth about $283,000.
Shares of NetScout Systems, Inc. (NASDAQ:NTCT) opened at $27.60 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.61. NetScout Systems, Inc. has a 1 year low of $25.50 and a 1 year high of $38.47. The company has a market cap of $2,404.21, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.64 and a beta of 1.52.
Several research firms recently weighed in on NTCT. B. Riley upped their price objective on shares of NetScout Systems from $28.50 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Piper Jaffray Companies set a $32.00 price target on shares of NetScout Systems and gave the stock a “buy” rating in a research report on Monday, February 12th. Royal Bank of Canada reiterated a “hold” rating on shares of NetScout Systems in a research report on Tuesday, January 30th. Finally, DA Davidson cut shares of NetScout Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $37.00 to $27.00 in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. NetScout Systems currently has a consensus rating of “Hold” and a consensus target price of $28.50.
In other NetScout Systems news, insider John Downing sold 3,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $28.20, for a total transaction of $84,600.00. Following the sale, the insider now owns 47,427 shares in the company, valued at approximately $1,337,441.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.51% of the stock is currently owned by insiders.
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NetScout Systems Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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