Y Intercept Hong Kong Ltd Has $708,000 Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Y Intercept Hong Kong Ltd increased its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 187.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,692 shares of the technology company’s stock after acquiring an additional 21,320 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NetScout Systems were worth $708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in NetScout Systems by 224,935.8% during the third quarter. Pacer Advisors Inc. now owns 2,056,827 shares of the technology company’s stock worth $44,736,000 after buying an additional 2,055,913 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NetScout Systems by 66.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 446,387 shares of the technology company’s stock worth $9,709,000 after buying an additional 178,269 shares during the last quarter. Barclays PLC boosted its holdings in NetScout Systems by 102.9% during the third quarter. Barclays PLC now owns 276,463 shares of the technology company’s stock worth $6,013,000 after buying an additional 140,237 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in NetScout Systems by 71.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 305,454 shares of the technology company’s stock worth $6,644,000 after buying an additional 127,200 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in NetScout Systems by 32.0% during the third quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock worth $10,766,000 after buying an additional 120,000 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $23.92, for a total value of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the sale, the executive vice president now directly owns 130,352 shares in the company, valued at approximately $3,161,036. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,499 shares of company stock worth $512,321 in the last 90 days. Corporate insiders own 3.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NTCT shares. StockNews.com upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada raised their target price on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

NetScout Systems Trading Down 0.1 %

NASDAQ:NTCT opened at $22.49 on Friday. NetScout Systems, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $27.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. The stock has a market capitalization of $1.61 billion, a PE ratio of -3.84 and a beta of 0.60. The business’s 50-day simple moving average is $22.86 and its 200-day simple moving average is $21.80.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. Sell-side analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

NetScout Systems Company Profile

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.