NetScout Systems (NASDAQ:NTCT – Get Rating) was upgraded by equities researchers at Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.
Separately, StockNews.com started coverage on NetScout Systems in a research note on Thursday, March 16th. They set a “strong-buy” rating for the company.
NetScout Systems Stock Up 8.3 %
Shares of NTCT opened at $28.21 on Friday. The firm has a market cap of $2.00 billion, a P/E ratio of 37.12, a P/E/G ratio of 3.99 and a beta of 0.70. The stock has a 50 day simple moving average of $28.09 and a two-hundred day simple moving average of $31.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 1.51. NetScout Systems has a 1 year low of $25.90 and a 1 year high of $38.02.
Insider Activity at NetScout Systems
In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 2,000 shares of NetScout Systems stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $30.68, for a total value of $61,360.00. Following the completion of the transaction, the director now directly owns 134,298 shares of the company’s stock, valued at $4,120,262.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.92% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. US Bancorp DE grew its position in NetScout Systems by 5.8% during the first quarter. US Bancorp DE now owns 14,554 shares of the technology company’s stock valued at $467,000 after buying an additional 804 shares during the period. Natixis Advisors L.P. grew its position in NetScout Systems by 17.6% during the first quarter. Natixis Advisors L.P. now owns 33,907 shares of the technology company’s stock valued at $1,088,000 after buying an additional 5,064 shares during the period. Bank of Montreal Can grew its position in NetScout Systems by 1.8% during the first quarter. Bank of Montreal Can now owns 21,657 shares of the technology company’s stock valued at $702,000 after buying an additional 392 shares during the period. MetLife Investment Management LLC grew its position in NetScout Systems by 56.2% during the first quarter. MetLife Investment Management LLC now owns 37,102 shares of the technology company’s stock valued at $1,190,000 after buying an additional 13,356 shares during the period. Finally, Rhumbline Advisers grew its position in NetScout Systems by 0.6% during the first quarter. Rhumbline Advisers now owns 211,685 shares of the technology company’s stock valued at $6,791,000 after buying an additional 1,186 shares during the period. 94.36% of the stock is owned by hedge funds and other institutional investors.
NetScout Systems Company Profile
NetScout Systems, Inc engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies and telecommunication service providers. The company was founded by Anil K. Singhal and Narendra Popat in June 1984 and is headquartered in Westford, MA.