Separately, Piper Sandler cut shares of NetScout Systems from a neutral rating to an underweight rating and lowered their price objective for the company from $35.00 to $33.00 in a research report on Tuesday, May 31st.
NetScout Systems Stock Up 1.9 %
NTCT opened at $34.64 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.94 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 69.28, a PEG ratio of 4.95 and a beta of 0.60. NetScout Systems has a twelve month low of $26.01 and a twelve month high of $37.68. The company’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $32.55.
Institutional Investors Weigh In On NetScout Systems
A number of large investors have recently modified their holdings of NTCT. New York State Teachers Retirement System boosted its stake in NetScout Systems by 20.2% during the fourth quarter. New York State Teachers Retirement System now owns 110,726 shares of the technology company’s stock worth $3,663,000 after acquiring an additional 18,614 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of NetScout Systems during the fourth quarter valued at approximately $265,000. Allspring Global Investments Holdings LLC purchased a new position in shares of NetScout Systems during the fourth quarter valued at approximately $451,000. Commonwealth Equity Services LLC purchased a new position in shares of NetScout Systems during the fourth quarter valued at approximately $225,000. Finally, Yousif Capital Management LLC purchased a new stake in NetScout Systems during the fourth quarter valued at approximately $2,216,000. Institutional investors own 93.67% of the company’s stock.
NetScout Systems Company Profile
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.
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