Public Employees Retirement Association of Colorado Has $12,972,000 Stake in NetScout Systems, Inc. (NTCT)

Public Employees Retirement Association of Colorado held its stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,094 shares of the technology company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned approximately 0.41% of NetScout Systems worth $12,972,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in shares of NetScout Systems by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,841 shares of the technology company’s stock worth $754,000 after buying an additional 226 shares during the last quarter. Bank of Montreal Can raised its stake in shares of NetScout Systems by 8.9% in the second quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after buying an additional 271 shares during the last quarter. Capstone Asset Management Co. raised its stake in NetScout Systems by 4.3% in the second quarter. Capstone Asset Management Co. now owns 6,786 shares of the technology company’s stock worth $233,000 after buying an additional 280 shares in the last quarter. Advantus Capital Management Inc raised its stake in NetScout Systems by 3.3% in the first quarter. Advantus Capital Management Inc now owns 11,752 shares of the technology company’s stock worth $446,000 after buying an additional 371 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in NetScout Systems by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 32,185 shares of the technology company’s stock worth $1,221,000 after buying an additional 400 shares in the last quarter.

NetScout Systems, Inc. (NASDAQ:NTCT) traded up 0.92% during mid-day trading on Friday, reaching $33.05. 578,738 shares of the company’s stock were exchanged. NetScout Systems, Inc. has a 1-year low of $26.25 and a 1-year high of $38.48. The firm’s 50-day moving average is $34.39 and its 200 day moving average is $35.83. The stock has a market capitalization of $2.96 billion, a PE ratio of 167.77 and a beta of 1.61.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The company had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $225.66 million. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. Analysts forecast that NetScout Systems, Inc. will post $2.06 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on NTCT. BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of NetScout Systems in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. NetScout Systems presently has an average rating of “Hold” and an average price target of $39.00.

In related news, Director Victor Demarines sold 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $35.88, for a total transaction of $193,752.00. Following the completion of the sale, the director now directly owns 17,732 shares in the company, valued at $636,224.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the sale, the insider now owns 39,170 shares of the company’s stock, valued at $1,355,282. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.

NetScout Systems Company Profile

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

Institutional Ownership by Quarter for NetScout Systems (NASDAQ:NTCT)

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