New Mexico Educational Retirement Board Has $372,000 Position in NetScout Systems, Inc. (NASDAQ:NTCT)

New Mexico Educational Retirement Board grew its position in NetScout Systems, Inc. (NASDAQ:NTCT) by 29.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,700 shares of the technology company’s stock after purchasing an additional 3,600 shares during the period. New Mexico Educational Retirement Board’s holdings in NetScout Systems were worth $372,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Advisor Group Holdings Inc. acquired a new stake in shares of NetScout Systems in the 1st quarter valued at $56,000. Strs Ohio boosted its stake in shares of NetScout Systems by 1,550.0% in the 1st quarter. Strs Ohio now owns 3,300 shares of the technology company’s stock valued at $78,000 after purchasing an additional 3,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NetScout Systems by 38.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,822 shares of the technology company’s stock valued at $138,000 after purchasing an additional 1,603 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of NetScout Systems by 13.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,827 shares of the technology company’s stock valued at $138,000 after purchasing an additional 689 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of NetScout Systems by 317.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,718 shares of the technology company’s stock valued at $162,000 after purchasing an additional 5,107 shares in the last quarter. Institutional investors own 96.21% of the company’s stock.

NetScout Systems stock opened at $25.70 on Friday. The stock has a 50-day simple moving average of $25.86 and a 200 day simple moving average of $25.51. The company has a quick ratio of 1.60, a current ratio of 1.65 and a debt-to-equity ratio of 0.27. NetScout Systems, Inc. has a 12-month low of $19.11 and a 12-month high of $29.62. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -1,285.00, a P/E/G ratio of 4.43 and a beta of 1.08.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $229.40 million during the quarter, compared to analysts’ expectations of $228.13 million. NetScout Systems had a positive return on equity of 3.83% and a negative net margin of 0.31%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, sell-side analysts anticipate that NetScout Systems, Inc. will post 1.16 EPS for the current year.

Several equities research analysts have recently commented on NTCT shares. Zacks Investment Research downgraded shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, June 3rd. BidaskClub cut NetScout Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Royal Bank of Canada lifted their price target on NetScout Systems from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Lake Street Capital cut their price target on NetScout Systems from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, April 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. NetScout Systems presently has a consensus rating of “Hold” and an average target price of $25.25.

In other NetScout Systems news, COO Michael Szabados sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $25.97, for a total transaction of $155,820.00. Following the completion of the sale, the chief operating officer now directly owns 37,230 shares of the company’s stock, valued at approximately $966,863.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Downing sold 11,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $25.76, for a total value of $283,360.00. Following the sale, the executive vice president now directly owns 86,945 shares of the company’s stock, valued at $2,239,703.20. The disclosure for this sale can be found here. Insiders own 4.06% of the company’s stock.

NetScout Systems Company Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

Featured Article: Monthly Dividend Stocks Can Provide Solid Income

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).

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

Receive News & Ratings for NetScout Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetScout Systems and related companies with MarketBeat.com's FREE daily email newsletter.