Epoch Investment Partners Inc. Has $36.64 Million Holdings in NetScout Systems, Inc. (NTCT)
Epoch Investment Partners Inc. reduced its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 20.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,132,484 shares of the technology company’s stock after selling 298,614 shares during the period. Epoch Investment Partners Inc. owned approximately 1.30% of NetScout Systems worth $36,636,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Seven Bridges Advisors LLC acquired a new stake in NetScout Systems during the 2nd quarter worth about $109,000. Bank of Montreal Can boosted its stake in shares of NetScout Systems by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after acquiring an additional 271 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of NetScout Systems by 74.5% during the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,968 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of NetScout Systems by 77.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock worth $177,000 after acquiring an additional 2,258 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in shares of NetScout Systems by 515.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock worth $200,000 after acquiring an additional 4,950 shares in the last quarter.
Several research firms have recently issued reports on NTCT. BidaskClub lowered shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. KeyCorp reissued a “hold” rating on shares of NetScout Systems in a research note on Wednesday, October 11th. Piper Jaffray Companies began coverage on shares of NetScout Systems in a research note on Monday, November 13th. They set an “overweight” rating and a $34.00 target price on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $35.00 target price on shares of NetScout Systems in a research note on Tuesday, October 10th. Finally, B. Riley reissued a “buy” rating and set a $36.00 target price on shares of NetScout Systems in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.20.
In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total value of $84,510.00. Following the transaction, the executive vice president now directly owns 88,821 shares of the company’s stock, valued at approximately $2,502,087.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the transaction, the insider now directly owns 43,424 shares in the company, valued at $1,224,122.56. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.
Shares of NetScout Systems, Inc. (NTCT) opened at $30.25 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 1.60. NetScout Systems, Inc. has a 12 month low of $27.65 and a 12 month high of $38.47. The stock has a market cap of $2,718.80, a PE ratio of 23.64, a PEG ratio of 1.86 and a beta of 1.60.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $256.90 million for the quarter, compared to analyst estimates of $251.13 million. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. NetScout Systems’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. research analysts predict that NetScout Systems, Inc. will post 1.59 earnings per share for the current year.
NetScout Systems declared that its Board of Directors has authorized a share buyback plan on Thursday, October 26th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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About NetScout Systems
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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