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Guggenheim Capital LLC reduced its holdings in NetScout Systems, Inc. (NASDAQ: NTCT) by 19.0% in the first quarter, according to its most recent filing with the SEC (Securities and Exchange Commission), the fund held 65,919 shares in the technology company after selling 15,490 shares during the quarter, while Guggenheim Capital LLC held approximately 0.08% of NetScout Systems for $ 1,736,000. with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also bought and sold shares, Geode Capital Management LLC strengthened its position in NetScout Systems by 16.3% in the fourth quarter. Capital Management LLC now holds 937,973 shares in the technology company valued at $ 28,560,000 after acquiring 131,198 additional shares in the last quarter. new participation in NetScout Systems during the fourth quarter valued at approximately $ 228,000. Stone Ridge Asset Management LLC has acquired a new stake in NetScout Systems during the 4th quarter valued at approximately $ 763,000. Meadow Creek Investment Management LLC strengthened its position in NetScout Systems by 32.1% in the fourth quarter. Meadow Creek Investment Management LLC now holds 9,878 shares in the technology business valued at $ 301,000 after acquiring 2,398 additional shares in the last quarter. Finally, Jane Street Group LLC purchased a new equity interest in NetScout Systems during the fourth quarter, valued at approximately $ 462,000.
In addition, Jean A. Bua, an insider, sold 5,000 shares of NetScout Systems during a transaction on Thursday, May 17. The shares were sold at an average price of $ 27.22, for a total transaction of $ 136,100.00. Following the completion of the transaction, the insider now directly owns 57,602 shares of the Company, valued at $ 1,567,926.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC's website. 3.51% of the stock is currently held by insiders of the company.
Several research companies have weighed on NTCT. ValuEngine upgraded NetScout systems from a "sell" to a "hold" in a search report on Tuesday, May 8th. BidaskClub moved NetScout systems from a "sell" ranking to a "hold" rank in a search report on Wednesday, June 13. DA Davidson reaffirmed a "hold" rating on NetScout Systems shares in a research report on Monday, May 7th. Finally, Zacks Investment Research lowered NetScout Systems from a "hold" rating to a "strong selling" rating in a research report on Friday, May 11th. An analyst evaluated the stock with a sales note, six assigned a security clearance and two gave a note of purchase to the company's stock. The action has an average rating of "Hold" and an average price target of $ 28.50.
NetScout Systems opened Friday at $ 31.20, reports MarketBeat. The company has a ratio of 1.82, a ratio of 1.74 and a debt ratio of 0.29. The company has a market capitalization of $ 2.49 billion, a price / earnings ratio of 31.52, a PEG ratio of 3.33 and a beta of 1.50. NetScout Systems, Inc. has a low of fifty-two weeks of $ 23.15 and a high of fifty-two weeks of $ 36.80.
NetScout Systems (NASDAQ: NTCT) last released its quarterly results on Thursday, May 3rd. The tech company announced earnings per share of $ 0.36 for the quarter, surpassing Thomson's consensus estimate of $ 0.35 by $ 0.01. NetScout Systems had a return on equity of 4.07% and a net margin of 8.06%. The activity generated a turnover of $ 238.50 million for the quarter, compared with $ 254.42 million for analysts. During the same period of the previous year, the company posted earnings per share of $ 0.65. Company revenues declined 25.2% from one year to the next. Analysts predict that NetScout Systems, Inc. will post a profit of 0.93 per share for the current year.
NetScout Systems Profile
NetScout Systems, Inc. provides real-time operational intelligence and performance analysis for digital business services against availability, performance, and performance disruptions. in the United States, Europe and Asia. and internationally. The company offers nGeniusONE management software that allows customers to forecast, preempt, and resolve network and service delivery issues, as well as facilitate the optimization and capacity planning of their network infrastructure; as well as specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio and Wi-Fi access networks.
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