New Mexico Educational Retirement Board lessened its holdings in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 21.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,800 shares of the technology company’s stock after selling 5,200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in NetScout Systems were worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NTCT. Millennium Management LLC raised its position in NetScout Systems by 1,633.8% during the first quarter. Millennium Management LLC now owns 580,175 shares of the technology company’s stock valued at $15,288,000 after acquiring an additional 546,712 shares in the last quarter. Dimensional Fund Advisors LP raised its position in NetScout Systems by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,695,057 shares of the technology company’s stock valued at $150,065,000 after acquiring an additional 494,861 shares in the last quarter. BlackRock Inc. raised its position in NetScout Systems by 3.2% during the first quarter. BlackRock Inc. now owns 9,569,744 shares of the technology company’s stock valued at $252,163,000 after acquiring an additional 295,793 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in NetScout Systems during the second quarter valued at approximately $6,624,000. Finally, Horrell Capital Management Inc. bought a new position in NetScout Systems during the second quarter valued at approximately $5,613,000.

In other news, insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $26.96, for a total transaction of $134,800.00. Following the completion of the transaction, the insider now directly owns 38,616 shares in the company, valued at approximately $1,041,087.36. The disclosure for this sale can be found here. Company insiders own 3.93% of the company’s stock.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. Zacks Investment Research lowered shares of NetScout Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Piper Jaffray Companies set a $31.00 price objective on shares of NetScout Systems and gave the company a “buy” rating in a research report on Monday. Finally, DA Davidson reaffirmed a “hold” rating on shares of NetScout Systems in a research report on Monday, May 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.33.

NASDAQ:NTCT opened at $25.35 on Friday. NetScout Systems, Inc. has a 12 month low of $23.15 and a 12 month high of $33.90. The company has a market capitalization of $2.10 billion, a PE ratio of 25.58, a PEG ratio of 2.83 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.90 and a current ratio of 2.00.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, July 26th. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. NetScout Systems had a net margin of 4.28% and a return on equity of 3.79%. The company had revenue of $205.11 million for the quarter, compared to analyst estimates of $210.47 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. analysts predict that NetScout Systems, Inc. will post 0.92 earnings per share for the current fiscal year.

NetScout Systems Profile

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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Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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