Point72 Asia Singapore Pte. Ltd. Invests $275,000 in NetScout Systems, Inc. (NASDAQ:NTCT)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,039 shares of the technology company’s stock, valued at approximately $275,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in NetScout Systems by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 9,230,849 shares of the technology company’s stock valued at $201,602,000 after acquiring an additional 223,975 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of NetScout Systems by 73.0% during the 4th quarter. First Trust Advisors LP now owns 4,429,158 shares of the technology company’s stock worth $97,220,000 after purchasing an additional 1,869,529 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NetScout Systems by 74.5% during the second quarter. Assenagon Asset Management S.A. now owns 846,435 shares of the technology company’s stock valued at $15,481,000 after purchasing an additional 361,245 shares in the last quarter. Norges Bank purchased a new position in NetScout Systems in the fourth quarter valued at about $10,184,000. Finally, Cubist Systematic Strategies LLC bought a new position in NetScout Systems in the second quarter worth about $6,015,000. Institutional investors own 91.64% of the company’s stock.

NetScout Systems Price Performance

Shares of NTCT opened at $20.87 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.50. The company’s fifty day moving average price is $19.96 and its 200-day moving average price is $19.95. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $28.58. The firm has a market capitalization of $1.49 billion, a PE ratio of -9.94 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.16. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. The business had revenue of $174.60 million for the quarter, compared to the consensus estimate of $168.47 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities research analysts predict that NetScout Systems, Inc. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NTCT shares. StockNews.com downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of NetScout Systems in a report on Friday, July 26th.

Insider Buying and Selling

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

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.