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Legal & General Group Plc has raised its stake in NetScout Systems, Inc. (NASDAQ: NTCT) by 15.7% in the first quarter, according to its most recent disclosure to the Securities & Exchange Commission, the company owned 96,315 shares of the technology company after the purchase of 13,095 additional shares during the period Legal & General Group Plc held approximately 0.11% of NetScout Systems valued at $ 2,538,000 At the end During the first quarter, several other institutional investors also changed their position in the company: BlackRock Inc. increased its position in NetScout Systems shares by 3.2% in the first quarter, and BlackRock Inc. now holds 9,569,744 shares. After purchasing 295,793 additional shares during the period, Dimensional Fund Advisors LP increased its position in shares of NetScout Sys. 9.5% in the first quarter. Dimensional Fund Advisors LP now holds 5,695,057 shares in the technology business worth $ 150,065,000 after purchasing an additional 494,861 shares during the period. Silvercrest Asset Management Group LLC increased its position in NetScout Systems shares by 1.2% in the first quarter. Silvercrest Asset Management Group LLC now holds 1,632,416 shares in the technology company valued at $ 43,014,000 after purchasing 19,012 additional shares during the period. Northern Trust Corp increased its position in NetScout Systems shares by 0.4% in the first quarter. Northern Trust Corp. now holds 1,584,277 shares in the technology business worth $ 41,746,000 after the purchase of 6,524 additional shares during the period. Lastly, Geode Capital Management LLC increased its position in NetScout Systems shares by 16.3% in the fourth quarter. Geode Capital Management LLC now holds 937,973 technology company shares worth $ 28,560,000 after the purchase of 131,198 additional shares during the period.
NetScout Systems opened Friday at $ 30.90, reports MarketBeat. The company has a market capitalization of $ 2.51 billion, a price / earnings ratio of 31.21, a price / earnings ratio of 3.35 and a beta of 1.50. NetScout Systems, Inc. has a minimum of $ 23.15 in one year and a high of $ 36.80 in one year. The company has a ratio of 1.82, a ratio of 1.74 and a debt ratio of 0.29.
NetScout Systems (NASDAQ: NTCT) last released its quarterly results on Thursday, May 3rd. The technology company reported earnings per share of $ 0.36 for the quarter, surpassing the consensus estimate of $ 0.35 per $ 0.01. The company achieved a turnover of 238,50 million dollars for the quarter, against 254,42 million dollars for the analysts. NetScout Systems had a return on equity of 4.07% and a net margin of 8.06%. NetScout Systems' quarterly revenues decreased by 25.2% from one year to the next. During the same period of the previous year, the company earned $ 0.65 earnings per share. Equity research analysts predict that NetScout Systems, Inc. will post EPS of 0.93 for the current year.
In addition, Jean A. Bua, an insider, sold 5,000 shares of the company during a transaction on Thursday, May 17. The stock was sold at an average price of $ 27.22, for a total transaction of $ 136,100.00. As a result of the transaction, the insider now directly owns 57,602 shares of the Company, valued at $ 1,567,926.44. The transaction has been disclosed in a legal deposit with the Securities & Exchange Commission, which can be accessed via this link. 3.51% of the stock is currently held by insiders.
NTCT has been the subject of a number of reports from recent analysts. Zacks Investment Research lowered NetScout Systems from a "hold" rating to a "strong selling" rating in a research report on Friday, May 11th. BidaskClub upgraded NetScout systems from a "strong sale" rating to a "sell" note in a research report on Saturday, March 24. ValuEngine upgraded NetScout systems from a "sell" to a "hold" in a search report on Tuesday, May 8th. Finally, DA Davidson reissued a hold note on NetScout Systems stock in a research report on Monday, May 7th. A stock research analyst evaluated the stock with a sales note, six assigned a standby note and two issued a buy-to-action note. NetScout Systems has an average rating of "Hold" and a consensus target price of $ 28.50
About NetScout Systems
NetScout Systems, Inc. provides real-time operational intelligence and performance analyzes for digital commercial services against downtime, performance and security interruptions in the United States, Europe, 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; and specialized platforms and analytic modules enabling its customers to analyze and troubleshoot traffic in radio and Wi-Fi access networks.
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