Dimensional Fund Advisors LP Reduces Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Dimensional Fund Advisors LP cut its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,785,386 shares of the technology company’s stock after selling 463,401 shares during the period. Dimensional Fund Advisors LP owned about 6.70% of NetScout Systems worth $87,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in NetScout Systems during the second quarter valued at about $38,000. Parallel Advisors LLC raised its holdings in NetScout Systems by 76.9% during the fourth quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock valued at $40,000 after acquiring an additional 797 shares during the period. Innealta Capital LLC bought a new stake in NetScout Systems during the second quarter valued at about $60,000. Gladius Capital Management LP bought a new stake in NetScout Systems during the second quarter valued at about $69,000. Finally, Quest Partners LLC bought a new stake in NetScout Systems during the second quarter valued at about $73,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Stock Down 3.2 %

Shares of NASDAQ NTCT opened at $20.88 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.50 and a current ratio of 1.54. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -9.94 and a beta of 0.58. The stock has a 50 day moving average price of $19.91 and a 200 day moving average price of $19.95. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $28.58.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.16. The company had revenue of $174.60 million during the quarter, compared to analyst estimates of $168.47 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. NetScout Systems’s revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Sell-side analysts expect that NetScout Systems, Inc. will post 1.39 earnings per share for the current year.

Insider Transactions at NetScout Systems

In other news, EVP John Downing sold 4,247 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total transaction of $84,940.00. Following the transaction, the executive vice president now directly owns 131,590 shares of the company’s stock, valued at $2,631,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP John Downing sold 4,247 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the transaction, the executive vice president now directly owns 131,590 shares of the company’s stock, valued at approximately $2,631,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total transaction of $122,265.00. Following the completion of the sale, the chief operating officer now directly owns 43,434 shares in the company, valued at $816,993.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,952 shares of company stock valued at $598,411. Corporate insiders own 3.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on NTCT shares. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price target on shares of NetScout Systems in a report on Friday, July 26th. StockNews.com cut NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th.

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.