NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 61.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,296 shares of the technology company’s stock after selling 19,780 shares during the period. Mackenzie Financial Corp’s holdings in NetScout Systems were worth $270,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTCT. SG Americas Securities LLC grew its position in NetScout Systems by 137.8% during the third quarter. SG Americas Securities LLC now owns 43,120 shares of the technology company’s stock valued at $1,208,000 after buying an additional 24,985 shares during the period. State of Alaska Department of Revenue grew its position in NetScout Systems by 1.3% during the third quarter. State of Alaska Department of Revenue now owns 44,920 shares of the technology company’s stock valued at $1,258,000 after buying an additional 563 shares during the period. Exchange Traded Concepts LLC acquired a new stake in NetScout Systems during the third quarter valued at $600,000. Simplicity Solutions LLC grew its position in NetScout Systems by 8.4% during the third quarter. Simplicity Solutions LLC now owns 10,526 shares of the technology company’s stock valued at $295,000 after buying an additional 815 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in NetScout Systems by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 480,528 shares of the technology company’s stock valued at $13,464,000 after buying an additional 57,873 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Stock Performance

NTCT opened at $19.90 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05. 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, Inc. has a 52-week low of $18.77 and a 52-week high of $31.66. The firm’s fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $21.50.

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. The business had revenue of $218.07 million for the quarter, compared to the consensus estimate of $200.08 million. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. Equities analysts anticipate that NetScout Systems, Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at $2,436,751.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP John Downing sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 111,115 shares of the company’s stock, valued at $2,436,751.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 5,000 shares of NetScout Systems 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 in the company, valued at $577,238.92. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Analyst Ratings Changes

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

NetScout Systems 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.