Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in NetScout Systems, Inc. (NASDAQ:NTCT – Free Report) by 198.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,524 shares of the technology company’s stock after buying an additional 128,602 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.27% of NetScout Systems worth $4,999,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NTCT. Quantinno Capital Management LP boosted its stake in NetScout Systems by 6.2% in the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after acquiring an additional 615 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NetScout Systems by 0.7% in the 2nd quarter. Hsbc Holdings PLC now owns 113,771 shares of the technology company’s stock valued at $2,824,000 after purchasing an additional 815 shares during the last quarter. Allworth Financial LP boosted its position in shares of NetScout Systems by 1,857.1% in the 2nd quarter. Allworth Financial LP now owns 1,096 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,040 shares during the period. Ameritas Advisory Services LLC purchased a new position in NetScout Systems during the 2nd quarter worth approximately $27,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in NetScout Systems by 6.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,313 shares of the technology company’s stock worth $454,000 after buying an additional 1,142 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.
NetScout Systems Trading Up 2.2%
Shares of NTCT stock opened at $27.87 on Tuesday. NetScout Systems, Inc. has a twelve month low of $18.12 and a twelve month high of $30.67. The business’s 50 day moving average is $27.24 and its two-hundred day moving average is $25.69. The company has a market capitalization of $2.01 billion, a P/E ratio of 22.84 and a beta of 0.62.
Insider Activity
In other news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the transaction, the executive vice president directly owned 135,494 shares in the company, valued at $4,064,820. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Sanjay Munshi sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $27.23, for a total transaction of $54,460.00. Following the completion of the sale, the chief operating officer owned 6,254 shares of the company’s stock, valued at approximately $170,296.42. The trade was a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,000 shares of company stock valued at $507,960 over the last quarter. Corporate insiders own 3.82% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on NTCT. Royal Bank Of Canada lowered their target price on shares of NetScout Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NetScout Systems presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.
Get Our Latest Research Report on NTCT
About NetScout Systems
NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.
Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.
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