Captrust Financial Advisors Grows Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

Captrust Financial Advisors increased its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,210 shares of the technology company’s stock after purchasing an additional 993 shares during the quarter. Captrust Financial Advisors’ holdings in NetScout Systems were worth $524,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of NetScout Systems by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock worth $76,000 after purchasing an additional 508 shares in the last quarter. Mariner LLC grew its holdings in NetScout Systems by 5.4% during the 4th quarter. Mariner LLC now owns 13,307 shares of the technology company’s stock valued at $288,000 after buying an additional 681 shares in the last quarter. New York State Common Retirement Fund grew its holdings in NetScout Systems by 3.4% during the 4th quarter. New York State Common Retirement Fund now owns 23,968 shares of the technology company’s stock valued at $519,000 after buying an additional 792 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in NetScout Systems by 1,214.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock valued at $30,000 after buying an additional 1,263 shares in the last quarter. Finally, KBC Group NV grew its holdings in NetScout Systems by 45.1% during the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after buying an additional 1,398 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, COO Michael Szabados sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the completion of the sale, the chief operating officer now directly owns 28,489 shares of the company’s stock, valued at $648,694.53. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 130,352 shares of the company’s stock, valued at $3,161,036. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.71% of the company’s stock.

NetScout Systems Stock Performance

NASDAQ NTCT opened at $23.31 on Monday. The stock has a market capitalization of $1.67 billion, a PE ratio of -3.98 and a beta of 0.62. The business has a 50 day simple moving average of $20.99 and a two-hundred day simple moving average of $21.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $204.99 million during the quarter, compared to analysts’ expectations of $194.80 million. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, research analysts predict that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

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.