Mutual of America Capital Management LLC Has $2,043,000 Position in NetScout Systems Inc. (NTCT)
Mutual of America Capital Management LLC raised its stake in shares of NetScout Systems Inc. (NASDAQ:NTCT) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,848 shares of the company’s stock after buying an additional 1,783 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of NetScout Systems worth $2,043,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of NTCT. California State Teachers Retirement System raised its stake in NetScout Systems by 3.2% in the second quarter. California State Teachers Retirement System now owns 201,693 shares of the company’s stock valued at $4,488,000 after buying an additional 6,173 shares during the last quarter. Ngam Advisors L.P. acquired a new stake in NetScout Systems during the second quarter valued at about $294,000. North Star Asset Management Inc. raised its stake in NetScout Systems by 14.2% in the second quarter. North Star Asset Management Inc. now owns 231,075 shares of the company’s stock valued at $5,141,000 after buying an additional 28,725 shares during the last quarter. American Century Companies Inc. acquired a new stake in NetScout Systems during the second quarter valued at about $18,779,000. Finally, Strs Ohio raised its stake in NetScout Systems by 44.6% in the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $209,000 after buying an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 98.12% of the company’s stock.
NetScout Systems Inc. (NASDAQ:NTCT) traded down 2.50% during trading on Wednesday, reaching $31.20. 604,420 shares of the company were exchanged. NetScout Systems Inc. has a 1-year low of $18.77 and a 1-year high of $33.89. The stock’s market capitalization is $2.86 billion. The company’s 50-day moving average price is $29.94 and its 200-day moving average price is $27.19.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. NetScout Systems had a negative net margin of 3.38% and a positive return on equity of 5.51%. The business earned $272 million during the quarter, compared to analysts’ expectations of $279.72 million. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that NetScout Systems Inc. will post $1.88 EPS for the current year.
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Several equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective on shares of NetScout Systems in a research note on Wednesday, August 3rd. Pacific Crest reaffirmed a “buy” rating on shares of NetScout Systems in a research note on Monday, September 12th. Finally, Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. NetScout Systems has a consensus rating of “Buy” and a consensus target price of $29.21.
In other NetScout Systems news, insider John Downing sold 1,000 shares of NetScout Systems stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $27.50, for a total value of $27,500.00. Following the completion of the transaction, the insider now directly owns 109,963 shares of the company’s stock, valued at approximately $3,023,982.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $27.45, for a total transaction of $137,250.00. Following the completion of the transaction, the chief operating officer now directly owns 44,007 shares of the company’s stock, valued at $1,207,992.15. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company 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.
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