Mackenzie Financial Corp Cuts Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Mackenzie Financial Corp decreased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 61.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,296 shares of the technology company’s stock after selling 19,780 shares during the quarter. Mackenzie Financial Corp’s holdings in NetScout Systems were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in NetScout Systems by 4.6% in the third quarter. Vanguard Group Inc. now owns 8,811,912 shares of the technology company’s stock worth $246,910,000 after purchasing an additional 387,379 shares during the last quarter. Northern Trust Corp boosted its holdings in NetScout Systems by 1.5% in the third quarter. Northern Trust Corp now owns 931,092 shares of the technology company’s stock worth $26,089,000 after purchasing an additional 14,068 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NetScout Systems by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,711 shares of the technology company’s stock worth $25,686,000 after purchasing an additional 59,755 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in NetScout Systems by 4.4% in the third quarter. Acadian Asset Management LLC now owns 734,499 shares of the technology company’s stock worth $20,560,000 after purchasing an additional 31,159 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NetScout Systems by 377.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 622,927 shares of the technology company’s stock worth $13,673,000 after purchasing an additional 492,484 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

NTCT opened at $19.90 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.55 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 1-year low of $18.77 and a 1-year high of $31.66. The company has a market capitalization of $1.41 billion, a PE ratio of -11.78 and a beta of 0.64. The firm’s 50 day simple moving average is $21.13 and its two-hundred day simple moving average is $21.50.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.33. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. The business had revenue of $218.07 million for the quarter, compared to the consensus estimate of $200.08 million. As a group, equities analysts forecast that NetScout Systems, Inc. will post 1.4 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Friday, February 16th. The shares were sold at an average price of $21.93, for a total transaction of $65,790.00. Following the transaction, the executive vice president now owns 111,115 shares in the company, valued at approximately $2,436,751.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Friday, February 16th. The shares were sold at an average price of $21.93, for a total transaction of $65,790.00. Following the transaction, the executive vice president now owns 111,115 shares in the company, valued at approximately $2,436,751.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total transaction of $110,650.00. Following the transaction, the chief operating officer now owns 26,084 shares in the company, valued at approximately $577,238.92. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of NetScout Systems from a “c” rating to a “d+” rating in a research report on Thursday, January 25th.

About NetScout Systems

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.