Brevan Howard Capital Management LP Decreases Stock Position in NetScout Systems, Inc. (NASDAQ:NTCT)

Brevan Howard Capital Management LP trimmed its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 40.4% in the 4th quarter, Holdings Channel reports. The firm owned 13,741 shares of the technology company’s stock after selling 9,305 shares during the period. Brevan Howard Capital Management LP’s holdings in NetScout Systems were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in shares of NetScout Systems by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 24,210 shares of the technology company’s stock worth $524,000 after purchasing an additional 993 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in NetScout Systems during the fourth quarter worth approximately $317,000. AXA S.A. lifted its position in NetScout Systems by 21.6% during the fourth quarter. AXA S.A. now owns 23,730 shares of the technology company’s stock worth $514,000 after buying an additional 4,218 shares in the last quarter. PDT Partners LLC boosted its stake in NetScout Systems by 22.1% during the fourth quarter. PDT Partners LLC now owns 58,108 shares of the technology company’s stock worth $1,259,000 after buying an additional 10,510 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in NetScout Systems by 61.1% in the 4th quarter. AQR Capital Management LLC now owns 426,865 shares of the technology company’s stock valued at $9,220,000 after buying an additional 161,915 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price target on NetScout Systems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st.

NetScout Systems Stock Performance

NetScout Systems stock opened at $21.61 on Monday. The firm has a 50 day simple moving average of $20.81 and a 200-day simple moving average of $21.86. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -3.69 and a beta of 0.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.78. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $27.89.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $204.99 million during the quarter, compared to analyst estimates of $194.80 million. NetScout Systems had a positive return on equity of 6.76% and a negative net margin of 50.90%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. On average, analysts expect that NetScout Systems, Inc. will post 1.5 EPS for the current year.

Insider Transactions at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the transaction, the executive vice president now owns 130,352 shares of the company’s stock, valued at $3,161,036. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean A. Bua sold 11,999 shares of NetScout Systems stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $23.92, for a total transaction of $287,016.08. Following the sale, the insider now owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. This represents a 14.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.71% of the company’s stock.

NetScout Systems Profile

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.