Illinois Municipal Retirement Fund Trims Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Illinois Municipal Retirement Fund lessened its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,847 shares of the technology company’s stock after selling 4,295 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of NetScout Systems worth $798,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in NetScout Systems by 4.4% in the third quarter. Geode Capital Management LLC now owns 1,929,551 shares of the technology company’s stock valued at $41,975,000 after acquiring an additional 81,154 shares during the period. Impax Asset Management Group plc increased its holdings in shares of NetScout Systems by 32.0% during the 3rd quarter. Impax Asset Management Group plc now owns 495,000 shares of the technology company’s stock valued at $10,766,000 after purchasing an additional 120,000 shares in the last quarter. Citigroup Inc. lifted its stake in shares of NetScout Systems by 28.4% in the 3rd quarter. Citigroup Inc. now owns 163,272 shares of the technology company’s stock valued at $3,551,000 after purchasing an additional 36,075 shares during the period. Weiss Asset Management LP purchased a new stake in NetScout Systems during the third quarter worth $1,783,000. Finally, Capstone Investment Advisors LLC acquired a new stake in NetScout Systems during the third quarter valued at $940,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

NTCT has been the subject of a number of analyst reports. StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their price target 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 3.5 %

Shares of NASDAQ:NTCT opened at $21.70 on Tuesday. The business’s 50 day moving average price is $22.86 and its 200-day moving average price is $21.85. NetScout Systems, Inc. has a 1 year low of $17.10 and a 1 year high of $27.89. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -3.70 and a beta of 0.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78.

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

Insider Activity at NetScout Systems

In related news, insider Jean A. Bua sold 11,999 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Szabados sold 6,500 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $23.47, for a total value of $152,555.00. Following the completion of the transaction, the chief operating officer now owns 35,989 shares in the company, valued at $844,661.83. The trade was a 15.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,499 shares of company stock valued at $512,321. 3.71% of the stock is owned by corporate insiders.

NetScout Systems 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.