Nuveen Asset Management LLC Acquires 4,184 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

Nuveen Asset Management LLC raised its holdings in NetScout Systems, Inc. (NASDAQ:NTCT) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,681 shares of the technology company’s stock after purchasing an additional 4,184 shares during the quarter. Nuveen Asset Management LLC owned 0.93% of NetScout Systems worth $14,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in NetScout Systems by 1,214.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,367 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,263 shares during the period. Sterling Capital Management LLC grew its stake in NetScout Systems by 811.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,216 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,973 shares during the period. PNC Financial Services Group Inc. grew its stake in NetScout Systems by 17.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,495 shares of the technology company’s stock valued at $76,000 after purchasing an additional 508 shares during the period. KBC Group NV grew its stake in NetScout Systems by 45.1% in the 4th quarter. KBC Group NV now owns 4,498 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,398 shares during the period. Finally, Inceptionr LLC bought a new position in NetScout Systems in the 4th quarter valued at $221,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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

NetScout Systems Stock Down 1.9%

Shares of NASDAQ NTCT opened at $22.84 on Monday. NetScout Systems, Inc. has a one year low of $17.10 and a one year high of $27.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The business’s fifty day moving average price is $21.23 and its 200-day moving average price is $22.00. The stock has a market capitalization of $1.63 billion, a PE ratio of -3.90 and a beta of 0.62.

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

Insider Buying and Selling

In related news, COO Michael Szabados sold 7,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total transaction of $170,775.00. Following the sale, the chief operating officer now owns 28,489 shares of the company’s stock, valued at approximately $648,694.53. This represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.71% of the stock is currently owned by insiders.

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.