NetScout Systems, Inc. (NTCT) Shares Sold by Tdam USA Inc.
Tdam USA Inc. lowered its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,440 shares of the technology company’s stock after selling 4,313 shares during the period. Tdam USA Inc.’s holdings in NetScout Systems were worth $2,286,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of NTCT. BlackRock Inc. boosted its position in shares of NetScout Systems by 9,990.2% in the first quarter. BlackRock Inc. now owns 10,120,265 shares of the technology company’s stock worth $384,064,000 after buying an additional 10,019,967 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NetScout Systems by 28.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,141,660 shares of the technology company’s stock worth $119,226,000 after buying an additional 693,589 shares in the last quarter. ValueAct Holdings L.P. boosted its position in shares of NetScout Systems by 39.8% in the first quarter. ValueAct Holdings L.P. now owns 2,300,000 shares of the technology company’s stock worth $87,285,000 after buying an additional 655,000 shares in the last quarter. Credit Suisse AG boosted its position in shares of NetScout Systems by 666.0% in the first quarter. Credit Suisse AG now owns 694,890 shares of the technology company’s stock worth $26,371,000 after buying an additional 604,179 shares in the last quarter. Finally, P2 Capital Partners LLC boosted its position in shares of NetScout Systems by 29.3% in the first quarter. P2 Capital Partners LLC now owns 2,528,064 shares of the technology company’s stock worth $95,940,000 after buying an additional 573,256 shares in the last quarter.
NetScout Systems, Inc. (NASDAQ:NTCT) opened at 34.05 on Tuesday. The stock has a market capitalization of $3.10 billion, a PE ratio of 172.84 and a beta of 1.61. NetScout Systems, Inc. has a 52 week low of $26.25 and a 52 week high of $38.47. The firm has a 50-day moving average price of $34.87 and a 200-day moving average price of $35.78.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The company had revenue of $225.80 million during the quarter, compared to analyst estimates of $225.66 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was down 16.1% on a year-over-year basis. Equities research analysts predict that NetScout Systems, Inc. will post $2.06 EPS for the current fiscal year.
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NTCT has been the topic of a number of research reports. Zacks Investment Research cut NetScout Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. Finally, B. Riley reissued a “buy” rating and set a $42.00 price objective on shares of NetScout Systems in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. NetScout Systems currently has an average rating of “Hold” and a consensus target price of $39.00.
In related news, COO Michael Szabados sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $34.73, for a total transaction of $173,650.00. Following the completion of the transaction, the chief operating officer now directly owns 38,257 shares of the company’s stock, valued at $1,328,665.61. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Victor Demarines sold 5,400 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $35.88, for a total value of $193,752.00. Following the transaction, the director now directly owns 17,732 shares of the company’s stock, valued at $636,224.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,400 shares of company stock valued at $575,002. 3.51% of the stock is owned by corporate insiders.
NetScout Systems Company Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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