NetScout Systems, Inc. (NASDAQ:NTCT) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 9.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 410,745 shares of the technology company’s stock after selling 45,308 shares during the quarter. Invesco Ltd. owned approximately 0.57% of NetScout Systems worth $8,897,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in NetScout Systems by 32.1% in the third quarter. FMR LLC now owns 1,964 shares of the technology company’s stock valued at $43,000 after acquiring an additional 477 shares during the period. Barclays PLC boosted its position in NetScout Systems by 102.9% during the 3rd quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock valued at $6,013,000 after purchasing an additional 140,237 shares during the period. Geode Capital Management LLC grew its stake in NetScout Systems by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock worth $41,975,000 after buying an additional 81,154 shares during the last quarter. World Investment Advisors LLC acquired a new stake in NetScout Systems in the third quarter worth $298,000. Finally, Franklin Resources Inc. lifted its stake in NetScout Systems by 12.4% in the third quarter. Franklin Resources Inc. now owns 65,971 shares of the technology company’s stock valued at $1,422,000 after buying an additional 7,298 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT opened at $20.62 on Thursday. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89. The company has a market cap of $1.48 billion, a PE ratio of -3.52 and a beta of 0.66. The stock has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $21.85. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. On average, equities research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In related news, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total transaction of $152,555.00. Following the transaction, the chief operating officer now owns 35,989 shares in the company, valued at $844,661.83. This trade represents a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the sale, the executive vice president now owns 130,352 shares of the company’s stock, valued at $3,161,036. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,499 shares of company stock worth $512,321. 3.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective on shares of NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

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.