NetScout Systems Inc. (NASDAQ:NTCT) traded up 5% during mid-day trading on Friday . The stock traded as high as $23.19 and last traded at $23.17, with a volume of 246,492 shares. The stock had previously closed at $22.06.

Several equities research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $33.00 price target on shares of NetScout Systems in a research note on Monday, April 11th. Zacks Investment Research lowered NetScout Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Finally, Royal Bank Of Canada began coverage on NetScout Systems in a research note on Tuesday, April 12th. They issued an “outperform” rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.25.

The firm’s market capitalization is $2.16 billion. The company’s 50-day moving average price is $23.51 and its 200-day moving average price is $23.24.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The business earned $285.88 million during the quarter, compared to analysts’ expectations of $302.65 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s quarterly revenue was up 139.4% on a year-over-year basis. On average, equities research analysts forecast that NetScout Systems Inc. will post $1.89 earnings per share for the current fiscal year.

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $23.08, for a total value of $115,400.00. Following the completion of the sale, the chief operating officer now owns 40,526 shares in the company, valued at approximately $935,340.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Other hedge funds and institutional investors have recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of NetScout Systems during the fourth quarter worth $1,385,000. Hodges Capital Management Inc. purchased a new position in shares of NetScout Systems during the fourth quarter worth $12,736,000. Monarch Partners Asset Management LLC raised its position in shares of NetScout Systems by 78.3% in the fourth quarter. Monarch Partners Asset Management LLC now owns 462,598 shares of the company’s stock worth $14,202,000 after buying an additional 203,093 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of NetScout Systems by 89.9% in the fourth quarter. Wells Fargo & Company MN now owns 518,757 shares of the company’s stock worth $15,926,000 after buying an additional 245,574 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of NetScout Systems by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 64,934 shares of the company’s stock worth $1,995,000 after buying an additional 22,030 shares during the last quarter.

NetScout Systems, Inc is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers.

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