Mirae Asset Global Investments Co. Ltd. Buys 1,374 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Mirae Asset Global Investments Co. Ltd. lifted its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,156 shares of the technology company’s stock after acquiring an additional 1,374 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NetScout Systems were worth $684,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund bought a new position in shares of NetScout Systems in the 3rd quarter worth $1,093,000. Rhumbline Advisers grew its stake in NetScout Systems by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 225,304 shares of the technology company’s stock worth $6,313,000 after buying an additional 6,415 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in NetScout Systems during the 3rd quarter worth $2,163,000. Charles Schwab Investment Management Inc. grew its stake in NetScout Systems by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,711 shares of the technology company’s stock worth $25,686,000 after buying an additional 59,755 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in NetScout Systems during the 3rd quarter worth $3,590,000. 91.64% of the stock is owned by institutional investors.

NetScout Systems Stock Down 0.4 %

Shares of NTCT stock opened at $19.90 on Friday. NetScout Systems, Inc. has a 1-year low of $18.77 and a 1-year high of $31.66. The stock’s fifty day moving average price is $21.18 and its 200 day moving average price is $21.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.59 and a quick ratio of 1.55. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -11.78 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCT) last announced its 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 positive return on equity of 4.57% and a negative net margin of 14.21%. The firm had revenue of $218.07 million for the quarter, compared to the consensus estimate of $200.08 million. On average, research analysts expect that NetScout Systems, Inc. will post 1.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at NetScout Systems

In other news, 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 value of $110,650.00. Following the transaction, the chief operating officer now directly owns 26,084 shares of the company’s stock, valued at $577,238.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 value of $110,650.00. Following the transaction, the chief operating officer now directly owns 26,084 shares of the company’s stock, valued at $577,238.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $65,790.00. Following the completion of the transaction, the executive vice president now directly owns 111,115 shares in the company, valued at $2,436,751.95. The disclosure for this sale can be found here. Company insiders own 3.59% of the company’s stock.

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.