Texas Permanent School Fund decreased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,606 shares of the technology company’s stock after selling 6,204 shares during the period. Texas Permanent School Fund owned approximately 0.06% of NetScout Systems worth $1,152,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Washington Capital Management Inc. raised its holdings in NetScout Systems by 16.7% during the second quarter. Washington Capital Management Inc. now owns 17,500 shares of the technology company’s stock worth $520,000 after buying an additional 2,500 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in NetScout Systems by 28.9% during the first quarter. Xact Kapitalforvaltning AB now owns 12,032 shares of the technology company’s stock worth $317,000 after buying an additional 2,700 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in NetScout Systems by 18.8% during the second quarter. OppenheimerFunds Inc. now owns 22,897 shares of the technology company’s stock worth $680,000 after buying an additional 3,623 shares during the last quarter. UBS Group AG raised its holdings in NetScout Systems by 45.7% during the first quarter. UBS Group AG now owns 13,013 shares of the technology company’s stock worth $343,000 after buying an additional 4,084 shares during the last quarter. Finally, Swiss National Bank raised its holdings in NetScout Systems by 3.1% during the second quarter. Swiss National Bank now owns 151,928 shares of the technology company’s stock worth $4,512,000 after buying an additional 4,500 shares during the last quarter.
NTCT has been the topic of several research reports. BidaskClub downgraded shares of NetScout Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 18th. ValuEngine downgraded shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Saturday, October 13th. Finally, Piper Jaffray Companies set a $31.00 price objective on shares of NetScout Systems and gave the stock a “buy” rating in a report on Monday, August 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.50.
Shares of NTCT stock opened at $27.58 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 27.86, a PEG ratio of 3.27 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 2.03. NetScout Systems, Inc. has a one year low of $21.58 and a one year high of $31.95.
NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, November 1st. The technology company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.21. The company had revenue of $224.00 million during the quarter, compared to the consensus estimate of $218.30 million. NetScout Systems had a net margin of 1.88% and a return on equity of 3.29%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities research analysts anticipate that NetScout Systems, Inc. will post 0.85 earnings per share for the current fiscal year.
In other news, Director Vincent J. Mullarkey sold 26,466 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $24.79, for a total value of $656,092.14. Following the completion of the sale, the director now owns 10,147 shares in the company, valued at $251,544.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vincent J. Mullarkey sold 6,000 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $25.43, for a total transaction of $152,580.00. Following the completion of the sale, the director now owns 36,613 shares of the company’s stock, valued at approximately $931,068.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,466 shares of company stock valued at $1,059,082. 3.93% of the stock is currently owned by corporate insiders.
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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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