NetScout Systems (NASDAQ:NTCT) Stock Crosses Above 200 Day Moving Average – What’s Next?

NetScout Systems, Inc. (NASDAQ:NTCT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.66 and traded as high as $21.78. NetScout Systems shares last traded at $21.76, with a volume of 310,353 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

NetScout Systems Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The stock’s 50-day moving average price is $21.95 and its 200-day moving average price is $20.66. The company has a market cap of $1.56 billion, a P/E ratio of -2.59 and a beta of 0.58.

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the transaction, the chief operating officer now owns 42,489 shares in the company, valued at $905,865.48. This trade represents a 13.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.71% of the company’s stock.

Institutional Trading of NetScout Systems

Large investors have recently modified their holdings of the stock. FMR LLC grew its stake in NetScout Systems by 32.1% during the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock worth $43,000 after buying an additional 477 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of NetScout Systems by 3.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock worth $340,000 after acquiring an additional 527 shares during the period. Natixis Advisors LLC lifted its holdings in shares of NetScout Systems by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,296 shares of the technology company’s stock worth $615,000 after acquiring an additional 606 shares during the period. Covestor Ltd boosted its position in shares of NetScout Systems by 25.7% during the 3rd quarter. Covestor Ltd now owns 3,606 shares of the technology company’s stock worth $78,000 after acquiring an additional 737 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in NetScout Systems by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company’s stock valued at $356,000 after acquiring an additional 759 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.