NetScout Systems, Inc. (NASDAQ:NTCT) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,075,100 shares, an increase of 12.3% from the July 31st total of 4,520,100 shares. Based on an average daily trading volume, of 463,400 shares, the short-interest ratio is currently 11.0 days. Currently, 7.0% of the company’s shares are short sold.

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

In other NetScout Systems 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 completion of the transaction, the executive vice president now directly owns 105,854 shares of the company’s stock, valued at approximately $2,331,963.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Szabados sold 6,000 shares of NetScout Systems stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.42, for a total value of $134,520.00. Following the completion of the transaction, the chief operating officer now directly owns 61,093 shares of the company’s stock, valued at $1,369,705.06. The disclosure for this sale can be found here. 4.06% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC grew its position in shares of NetScout Systems by 9.6% during the first quarter. Neuberger Berman Group LLC now owns 5,908,149 shares of the technology company’s stock worth $165,842,000 after buying an additional 515,917 shares in the last quarter. Northern Trust Corp grew its position in shares of NetScout Systems by 1.6% during the second quarter. Northern Trust Corp now owns 1,469,811 shares of the technology company’s stock worth $37,319,000 after buying an additional 23,053 shares in the last quarter. Fort Pitt Capital Group LLC grew its position in shares of NetScout Systems by 13.7% during the first quarter. Fort Pitt Capital Group LLC now owns 1,304,860 shares of the technology company’s stock worth $36,627,000 after buying an additional 157,676 shares in the last quarter. First Trust Advisors LP grew its position in shares of NetScout Systems by 8.7% during the first quarter. First Trust Advisors LP now owns 1,054,488 shares of the technology company’s stock worth $29,599,000 after buying an additional 84,761 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of NetScout Systems by 28.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 849,172 shares of the technology company’s stock worth $21,561,000 after buying an additional 185,984 shares in the last quarter. 99.74% of the stock is owned by institutional investors and hedge funds.

NASDAQ NTCT traded down $0.04 during trading on Friday, hitting $24.33. The stock had a trading volume of 290,721 shares, compared to its average volume of 503,467. The company has a market capitalization of $1.85 billion, a PE ratio of 30.04, a PEG ratio of 2.63 and a beta of 1.34. The company has a quick ratio of 1.86, a current ratio of 1.93 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $22.96 and a 200 day moving average price of $25.88. NetScout Systems has a twelve month low of $20.94 and a twelve month high of $30.30.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data 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 business had revenue of $186.10 million during the quarter, compared to the consensus estimate of $196.98 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that NetScout Systems will post 0.93 earnings per share for the current year.

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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