The EULAV Asset Management Has $453,000 Position in NetScout Systems, Inc. (NTCT)

The EULAV Asset Management Has $453,000 Position in NetScout Systems, Inc. (NTCT)

EULAV Asset Management continued to hold its stake in NetScout Systems, Inc. (NASDAQ:NTCT) during the third quarter, Holdings Channel reports. The firm owned 15,500 shares of the company’s stock at the end of the third quarter. EULAV Asset Management’s holdings in NetScout Systems were worth $453,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NTCT. Neuberger Berman Group LLC boosted its stake in NetScout Systems by 9.6% in the third quarter. Neuberger Berman Group LLC now owns 7,895,159 shares of the company’s stock valued at $230,933,000 after buying an additional 694,049 shares during the period. Vanguard Group Inc. raised its stake in shares of NetScout Systems by 8.9% in the second quarter. Vanguard Group Inc. now owns 7,101,500 shares of the company’s stock valued at $158,008,000 after buying an additional 578,933 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of NetScout Systems by 2.1% in the third quarter. BlackRock Fund Advisors now owns 4,875,263 shares of the company’s stock valued at $142,601,000 after buying an additional 99,443 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of NetScout Systems by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,380,380 shares of the company’s stock valued at $98,876,000 after buying an additional 32,847 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of NetScout Systems during the second quarter valued at approximately $68,160,000.

NetScout Systems, Inc. (NASDAQ:NTCT) traded down 4.48% on Wednesday, reaching $30.90. 1,425,696 shares of the company’s stock were exchanged. NetScout Systems, Inc. has a 1-year low of $18.77 and a 1-year high of $33.83. The stock’s 50 day moving average price is $32.12 and its 200 day moving average price is $29.33. The firm’s market capitalization is $2.83 billion.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, October 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The business earned $272 million during the quarter, compared to the consensus estimate of $279.72 million. NetScout Systems had a negative net margin of 3.38% and a positive return on equity of 5.51%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, analysts expect that NetScout Systems, Inc. will post $1.89 earnings per share for the current year.

NTCT has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, September 28th. Pacific Crest lowered shares of NetScout Systems from an “overweight” rating to a “sector weight” rating in a research note on Monday, January 9th. Finally, B. Riley reiterated a “buy” rating and set a $34.00 price target on shares of NetScout Systems in a research note on Thursday, October 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.21.

In other NetScout Systems news, insider John Downing sold 1,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $27.50, for a total transaction of $27,500.00. Following the transaction, the insider now directly owns 109,963 shares in the company, valued at approximately $3,023,982.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $27.45, for a total transaction of $137,250.00. Following the transaction, the chief operating officer now owns 44,007 shares in the company, valued at $1,207,992.15. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding NTCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetScout Systems, Inc. (NASDAQ:NTCT).

Related posts

Leave a Comment