MUFG Securities EMEA plc purchased a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 36,653 shares of the technology company’s stock, valued at approximately $931,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank raised its stake in shares of NetScout Systems by 1,101.7% in the second quarter. Huntington National Bank now owns 1,418 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,300 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of NetScout Systems in the first quarter valued at approximately $96,000. Noesis Capital Mangement Corp bought a new position in shares of NetScout Systems in the first quarter valued at approximately $200,000. Quantamental Technologies LLC bought a new position in NetScout Systems during the second quarter valued at $205,000. Finally, Wedge Capital Management L L P NC bought a new position in NetScout Systems during the second quarter valued at $231,000. 99.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NetScout Systems stock traded up $0.02 during trading hours on Friday, reaching $24.39. The company had a trading volume of 8,076 shares, compared to its average volume of 476,344. NetScout Systems, Inc. has a one year low of $20.94 and a one year high of $30.30. The business has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $25.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.93 and a quick ratio of 1.86. The firm has a market cap of $1.81 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.58 and a beta of 1.34.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. NetScout Systems had a positive return on equity of 3.35% and a negative net margin of 4.51%. The firm had revenue of $186.10 million during the quarter, compared to analyst estimates of $196.98 million. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts forecast that NetScout Systems, Inc. will post 0.93 EPS for the current year.

Several equities analysts have weighed in on NTCT shares. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. NetScout Systems has an average rating of “Hold” and an average price target of $29.00.

In other news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $22.03, for a total value of $66,090.00. Following the transaction, the executive vice president now owns 105,854 shares in the company, valued at $2,331,963.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Michael Szabados sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.42, for a total value of $134,520.00. Following the completion of the sale, the chief operating officer now directly owns 61,093 shares in the company, valued at $1,369,705.06. The disclosure for this sale can be found here. Company insiders own 4.06% of the company’s stock.

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.

Further Reading: Quiet Period Expirations Explained

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

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