NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 13.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,290 shares of the technology company’s stock after selling 14,848 shares during the quarter. New York State Teachers Retirement System’s holdings in NetScout Systems were worth $2,157,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC raised its position in shares of NetScout Systems by 157.2% in the first quarter. Belpointe Asset Management LLC now owns 980 shares of the technology company’s stock valued at $28,000 after buying an additional 599 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of NetScout Systems in the second quarter valued at about $36,000. Allspring Global Investments Holdings LLC increased its position in NetScout Systems by 409.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,187 shares during the last quarter. Tower Research Capital LLC TRC increased its position in NetScout Systems by 158.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,706 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Covestor Ltd increased its position in NetScout Systems by 38.4% during the third quarter. Covestor Ltd now owns 1,952 shares of the technology company’s stock worth $54,000 after purchasing an additional 542 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NetScout Systems Price Performance

NetScout Systems stock opened at $19.17 on Wednesday. NetScout Systems, Inc. has a 12-month low of $19.07 and a 12-month high of $31.66. The stock has a market cap of $1.36 billion, a P/E ratio of -11.34 and a beta of 0.64. The company has a 50-day moving average price of $21.37 and a 200 day moving average price of $21.91. 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 (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.33. The firm had revenue of $218.07 million during the quarter, compared to analysts’ expectations of $200.08 million. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. Sell-side analysts anticipate that NetScout Systems, Inc. will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

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.