Caxton Associates LP Cuts Stock Holdings in NetScout Systems, Inc. (NASDAQ:NTCT)

Caxton Associates LP decreased its position in shares of NetScout Systems, Inc. (NASDAQ:NTCT) by 36.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,877 shares of the technology company’s stock after selling 12,593 shares during the quarter. Caxton Associates LP’s holdings in NetScout Systems were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its position in NetScout Systems by 3,236.8% during the fourth quarter. Signaturefd LLC now owns 1,268 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,230 shares during the period. Parallel Advisors LLC lifted its position in NetScout Systems by 76.9% during the fourth quarter. Parallel Advisors LLC now owns 1,833 shares of the technology company’s stock valued at $40,000 after purchasing an additional 797 shares during the period. Quadrant Capital Group LLC lifted its position in NetScout Systems by 306.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,998 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,506 shares during the period. PNC Financial Services Group Inc. lifted its position in NetScout Systems by 35.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the technology company’s stock valued at $90,000 after purchasing an additional 1,062 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in NetScout Systems by 29,786.7% during the fourth quarter. TFO Wealth Partners LLC now owns 4,483 shares of the technology company’s stock valued at $98,000 after purchasing an additional 4,468 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Stock Down 0.6 %

NTCT opened at $20.07 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 0.05. NetScout Systems, Inc. has a 1-year low of $17.10 and a 1-year high of $28.94. The company has a market capitalization of $1.43 billion, a PE ratio of -9.56 and a beta of 0.60. The firm’s 50 day simple moving average is $19.00 and its two-hundred day simple moving average is $20.38.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.16. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. The business had revenue of $174.60 million for the quarter, compared to the consensus estimate of $168.47 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was down 17.3% on a year-over-year basis. As a group, equities analysts forecast that NetScout Systems, Inc. will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of NetScout Systems in a research report on Friday, July 26th. StockNews.com downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th.

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total value of $102,050.00. Following the transaction, the chief operating officer now directly owns 21,084 shares in the company, valued at $430,324.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.59% of the company’s stock.

About NetScout Systems

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.