MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $852,000 Stake in NetScout Systems, Inc. (NASDAQ:NTCT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,341 shares of the technology company’s stock after acquiring an additional 1,481 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of NetScout Systems worth $852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NTCT. PNC Financial Services Group Inc. boosted its stake 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 valued at $76,000 after purchasing an additional 508 shares in the last quarter. Mariner LLC raised its holdings in NetScout Systems by 5.4% in 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 during the last quarter. New York State Common Retirement Fund boosted its position 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 worth $519,000 after buying an additional 792 shares during the period. Captrust Financial Advisors grew its holdings in NetScout Systems by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company’s stock worth $524,000 after acquiring an additional 993 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position 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 acquiring an additional 1,263 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NetScout Systems

In related news, COO Michael Szabados sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $22.77, for a total value of $170,775.00. Following the transaction, the chief operating officer now owns 28,489 shares in the company, valued at $648,694.53. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.71% of the stock is currently owned by corporate insiders.

NetScout Systems Trading Down 1.9%

NASDAQ NTCT opened at $22.84 on Tuesday. The firm has a market capitalization of $1.63 billion, a PE ratio of -3.90 and a beta of 0.62. The business’s 50-day moving average price is $21.26 and its two-hundred day moving average price is $22.00. 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, Inc. has a 12 month low of $17.10 and a 12 month high of $27.89.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $204.99 million for the quarter, compared to analyst estimates 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 quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price target 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.

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.