NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) COO Michael Szabados sold 6,500 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total value of $138,580.00. Following the completion of the sale, the chief operating officer now directly owns 42,489 shares of the company's stock, valued at $905,865.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Michael Szabados also recently made the following trade(s):
- On Wednesday, September 11th, Michael Szabados sold 6,500 shares of NetScout Systems stock. The shares were sold at an average price of $18.81, for a total value of $122,265.00.
NetScout Systems Stock Performance
NASDAQ NTCT opened at $21.03 on Friday. The stock has a 50-day simple moving average of $20.85 and a 200 day simple moving average of $19.89. NetScout Systems, Inc. has a twelve month low of $17.10 and a twelve month high of $24.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63.
Institutional Inflows and Outflows
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Several institutional investors have recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC grew its stake in shares of NetScout Systems by 3.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company's stock worth $340,000 after acquiring an additional 527 shares during the last quarter. Louisiana State Employees Retirement System grew its position in NetScout Systems by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company's stock worth $657,000 after purchasing an additional 700 shares during the last quarter. Commonwealth Equity Services LLC grew its position in NetScout Systems by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company's stock worth $356,000 after purchasing an additional 759 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of NetScout Systems by 5.8% during the 1st quarter. ProShare Advisors LLC now owns 13,822 shares of the technology company's stock worth $302,000 after purchasing an additional 762 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in shares of NetScout Systems by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 62,169 shares of the technology company's stock valued at $1,358,000 after buying an additional 839 shares during the last quarter. 91.64% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have commented on NTCT. Royal Bank of Canada reiterated a "sector perform" rating and set a $22.00 price target on shares of NetScout Systems in a report on Friday, July 26th. StockNews.com lowered shares of NetScout Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 24th.
Check Out Our Latest Analysis on NTCT
NetScout Systems Company Profile
(
Get Free Report)
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.
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