NetScout Systems (NASDAQ:NTCT) Sets New 1-Year Low at $19.07

NetScout Systems, Inc. (NASDAQ:NTCT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.07 and last traded at $19.11, with a volume of 11910 shares changing hands. The stock had previously closed at $19.27.

Wall Street Analyst Weigh In

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

NetScout Systems Stock Performance

The firm has a fifty day moving average of $21.33 and a 200-day moving average of $21.89. The firm has a market cap of $1.35 billion, a P/E ratio of -11.21 and a beta of 0.64. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05.

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

Insider Transactions at NetScout Systems

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

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of NTCT. US Bancorp DE raised its position in NetScout Systems by 5.8% in the 1st quarter. US Bancorp DE now owns 14,554 shares of the technology company’s stock valued at $467,000 after buying an additional 804 shares during the last quarter. Natixis Advisors L.P. raised its position in NetScout Systems by 17.6% in the 1st quarter. Natixis Advisors L.P. now owns 33,907 shares of the technology company’s stock valued at $1,088,000 after buying an additional 5,064 shares during the last quarter. Bank of Montreal Can raised its position in NetScout Systems by 1.8% in the 1st quarter. Bank of Montreal Can now owns 21,657 shares of the technology company’s stock valued at $702,000 after buying an additional 392 shares during the last quarter. MetLife Investment Management LLC raised its position in NetScout Systems by 56.2% in the 1st quarter. MetLife Investment Management LLC now owns 37,102 shares of the technology company’s stock valued at $1,190,000 after buying an additional 13,356 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in NetScout Systems by 0.6% in the first quarter. Rhumbline Advisers now owns 211,685 shares of the technology company’s stock valued at $6,791,000 after purchasing an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 91.64% 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.