StockNews.com Initiates Coverage on NetScout Systems (NASDAQ:NTCT)

StockNews.com started coverage on shares of NetScout Systems (NASDAQ:NTCT – Get Rating) in a research note issued to investors on Thursday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Separately, Piper Sandler lowered their target price on shares of NetScout Systems from $31.00 to $30.00 in a report on Tuesday, January 17th.

NetScout Systems Trading Down 0.4 %

Shares of NTCT stock opened at $27.75 on Thursday. The company’s fifty day simple moving average is $30.13 and its two-hundred day simple moving average is $32.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 1.51. NetScout Systems has a 1 year low of $26.68 and a 1 year high of $38.02. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.91 and a beta of 0.70.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 2,000 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $30.68, for a total transaction of $61,360.00. Following the sale, the director now owns 134,298 shares of the company’s stock, valued at approximately $4,120,262.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of NetScout Systems by 228.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,250 shares of the technology company’s stock valued at $39,000 after purchasing an additional 869 shares in the last quarter. Ronald Blue Trust Inc. grew its position in NetScout Systems by 664.7% in the third quarter. Ronald Blue Trust Inc. now owns 1,193 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,037 shares in the last quarter. Lazard Asset Management LLC purchased a new position in NetScout Systems in the first quarter worth $48,000. Point72 Middle East FZE purchased a new position in NetScout Systems in the fourth quarter worth $107,000. Finally, Allspring Global Investments Holdings LLC grew its position in NetScout Systems by 173.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,482 shares of the technology company’s stock worth $109,000 after acquiring an additional 2,207 shares in the last quarter. 94.36% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Company Profile

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NetScout Systems, Inc engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies and telecommunication service providers. The company was founded by Anil K. Singhal and Narendra Popat in June 1984 and is headquartered in Westford, MA.