Insider Selling: NetScout Systems, Inc. (NTCT) COO Sells $166,800.00 in Stock
NetScout Systems, Inc. (NASDAQ:NTCT) COO Michael Szabados sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $27.80, for a total value of $166,800.00. Following the completion of the sale, the chief operating officer now directly owns 44,080 shares of the company’s stock, valued at approximately $1,225,424. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NetScout Systems stock opened at $27.58 on Friday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 3.27 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 2.03. NetScout Systems, Inc. has a 12-month low of $21.58 and a 12-month high of $31.95.
NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, November 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.21. The firm had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $218.30 million. NetScout Systems had a return on equity of 3.29% and a net margin of 1.88%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, equities analysts predict that NetScout Systems, Inc. will post 0.85 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. First Mercantile Trust Co. bought a new stake in NetScout Systems during the second quarter worth approximately $164,000. Pillar Pacific Capital Management LLC bought a new stake in NetScout Systems during the second quarter worth approximately $223,000. Hartford Investment Management Co. bought a new stake in NetScout Systems during the second quarter worth approximately $223,000. Tower Research Capital LLC TRC boosted its position in NetScout Systems by 201.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,784 shares of the technology company’s stock worth $232,000 after purchasing an additional 5,198 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its position in NetScout Systems by 28.9% during the first quarter. Xact Kapitalforvaltning AB now owns 12,032 shares of the technology company’s stock worth $317,000 after purchasing an additional 2,700 shares during the period.
About NetScout Systems
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.
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