California State Teachers Retirement System Sells 874 Shares of NetScout Systems, Inc. (NASDAQ:NTCT)

California State Teachers Retirement System cut its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,530 shares of the technology company’s stock after selling 874 shares during the period. California State Teachers Retirement System owned approximately 0.09% of NetScout Systems worth $1,441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NTCT. Victory Capital Management Inc. raised its stake in NetScout Systems by 55.0% in the fourth quarter. Victory Capital Management Inc. now owns 80,507 shares of the technology company’s stock valued at $1,744,000 after purchasing an additional 28,583 shares in the last quarter. Captrust Financial Advisors raised its position in shares of NetScout Systems by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company’s stock valued at $524,000 after buying an additional 993 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NetScout Systems by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,251,156 shares of the technology company’s stock valued at $27,100,000 after buying an additional 85,713 shares in the last quarter. Vanguard Group Inc. lifted its stake in NetScout Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 9,353,501 shares of the technology company’s stock worth $202,597,000 after purchasing an additional 64,475 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NetScout Systems by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,341 shares of the technology company’s stock valued at $852,000 after purchasing an additional 1,481 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

NetScout Systems Trading Up 0.4%

Shares of NTCT opened at $23.32 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 1.81. NetScout Systems, Inc. has a 52-week low of $17.10 and a 52-week high of $27.89. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -3.98 and a beta of 0.63. The business’s fifty day moving average is $21.57 and its 200-day moving average is $22.08.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. NetScout Systems had a negative net margin of 50.90% and a positive return on equity of 6.76%. The company had revenue of $204.99 million for the quarter, compared to analyst estimates of $194.80 million. During the same period in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up .8% on a year-over-year basis. Equities analysts anticipate that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $23.47, for a total transaction of $70,410.00. Following the completion of the sale, the executive vice president now owns 127,352 shares of the company’s stock, valued at approximately $2,988,951.44. This represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael Szabados sold 7,500 shares of NetScout Systems stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total transaction of $170,775.00. Following the transaction, the chief operating officer now directly owns 28,489 shares of the company’s stock, valued at $648,694.53. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.71% of the company’s stock.

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.