NetScout Systems, Inc. (NASDAQ:NTCT) Holdings Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 40,944 shares of the technology company’s stock after acquiring an additional 1,920 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NetScout Systems were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NTCT. Signaturefd LLC boosted its holdings in shares of NetScout Systems by 3,236.8% during the fourth quarter. Signaturefd LLC now owns 1,268 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,230 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in NetScout Systems by 409.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,187 shares during the period. Covestor Ltd grew its position in NetScout Systems by 38.4% in the 3rd 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. Aigen Investment Management LP bought a new stake in shares of NetScout Systems during the third quarter valued at approximately $231,000. Finally, HighTower Advisors LLC bought a new stake in shares of NetScout Systems during the third quarter valued at approximately $247,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

NetScout Systems Stock Performance

Shares of 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. The firm has a 50-day moving average price of $21.13 and a 200 day moving average price of $21.50. NetScout Systems, Inc. has a 52-week low of $18.77 and a 52-week high of $31.66.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $200.08 million. On average, sell-side analysts predict that NetScout Systems, Inc. will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was 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 owns 111,115 shares in the company, 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, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total value of $110,650.00. Following the transaction, the chief operating officer now owns 26,084 shares in the company, valued at $577,238.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction 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 transaction, 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.

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.