Centiva Capital LP Trims Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Centiva Capital LP decreased its stake in NetScout Systems, Inc. (NASDAQ:NTCT) by 37.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,706 shares of the technology company’s stock after selling 8,893 shares during the quarter. Centiva Capital LP’s holdings in NetScout Systems were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTCT. Legal & General Group Plc increased its position in NetScout Systems by 12.2% in the fourth quarter. Legal & General Group Plc now owns 4,118,267 shares of the technology company’s stock worth $89,202,000 after buying an additional 448,537 shares in the last quarter. JPMorgan Chase & Co. increased its position in NetScout Systems by 137.7% in the fourth quarter. JPMorgan Chase & Co. now owns 388,286 shares of the technology company’s stock worth $8,410,000 after buying an additional 224,925 shares in the last quarter. Norges Bank purchased a new stake in NetScout Systems in the fourth quarter worth about $4,480,000. Prudential Financial Inc. grew its position in shares of NetScout Systems by 102.9% during the fourth quarter. Prudential Financial Inc. now owns 392,566 shares of the technology company’s stock worth $8,503,000 after purchasing an additional 199,079 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of NetScout Systems by 205.7% during the fourth quarter. LSV Asset Management now owns 257,700 shares of the technology company’s stock worth $5,582,000 after purchasing an additional 173,400 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity at NetScout Systems

In related news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 130,352 shares of the company’s stock, valued at approximately $3,161,036. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean A. Bua sold 11,999 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $23.92, for a total value of $287,016.08. Following the transaction, the insider now directly owns 71,361 shares of the company’s stock, valued at approximately $1,706,955.12. The trade was a 14.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

NetScout Systems Stock Up 0.2%

Shares of NTCT opened at $21.61 on Monday. The business’s 50 day moving average is $20.81 and its 200 day moving average is $21.86. The company has a market capitalization of $1.55 billion, a PE ratio of -3.69 and a beta of 0.62. NetScout Systems, Inc. has a 12-month low of $17.10 and a 12-month high of $27.89. The company has a current ratio of 1.81, a quick ratio of 1.78 and a debt-to-equity ratio of 0.05.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $204.99 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Research analysts expect that NetScout Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.