NetScout Systems (NASDAQ:NTCT) Price Target Raised to $25.00 at Royal Bank of Canada

NetScout Systems (NASDAQ:NTCT) had its target price boosted by Royal Bank of Canada from $22.00 to $25.00 in a report released on Friday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the technology company’s stock.

Separately, StockNews.com raised NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

NetScout Systems Trading Down 4.9 %

NTCT stock opened at $23.84 on Friday. NetScout Systems has a 52 week low of $17.10 and a 52 week high of $27.89. The company has a market capitalization of $1.71 billion, a PE ratio of -2.84 and a beta of 0.58. The company’s 50-day simple moving average is $22.19 and its 200 day simple moving average is $21.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, January 30th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. NetScout Systems had a negative net margin of 76.14% and a positive return on equity of 5.31%. As a group, sell-side analysts anticipate that NetScout Systems will post 1.6 earnings per share for the current year.

Institutional Trading of NetScout Systems

A number of institutional investors and hedge funds have recently made changes to their positions in NTCT. American Century Companies Inc. acquired a new position in NetScout Systems during the second quarter valued at approximately $287,000. Sei Investments Co. acquired a new position in shares of NetScout Systems during the 2nd quarter worth $966,000. Squarepoint Ops LLC bought a new stake in shares of NetScout Systems during the 2nd quarter worth $1,501,000. Millennium Management LLC boosted its stake in NetScout Systems by 375.3% in the second quarter. Millennium Management LLC now owns 1,100,485 shares of the technology company’s stock valued at $20,128,000 after buying an additional 868,955 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in NetScout Systems by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 34,731 shares of the technology company’s stock valued at $635,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions 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.